Mercer Global Advisors has acquired a registered investment advisor, Kingfisher Capital, that manages $630 million in assets for more than 200 clients, the company announced Tuesday. Charlotte, North Carolina-based Kingfisher was founded in 1989 by Alexander B. Miles and H.K. Hallett and takes a family office approach to supporting its...
Rise Growth Partners, Joe Duran’s effort to build the next generation of national advisory firms, has hired Terri Kallsen as managing partner and senior operating advisor, the firm announced Monday. Kallsen most recently was chief operating officer at $70.5 billion Wealth Enhancement Group. Earlier, she was executive vice president of...
A firm that had overseen $265 million in assets at Cadaret Grant & Co. has affiliated with LPL Financial and will use LPL’s broker-dealer, RIA and custodial platforms, the firm announced Monday. Infinity Wealth Group in northern New Jersey was founded in 1992 by Robert Doran, its president, after he...
Allworth Financial announced that John Bunch will succeed co-founders Scott Hanson and Pat McClain as the wealth management firm’s chief executive. Bunch most recently was chief financial services officer at Evelyn Partners, a UK wealth management and professional services firm. Earlier, he served as chief operating officer and executive vice...
InvestmentNews’ first Top Advisors will rank the industry’s best based on assets under management, AUM growth, and organic client growth introduced to the business over the last 12 months. Readers are invited to share the achievements and contributions of a colleague who has made a significant impact this year. Self-nominations...
A pair of advisors who had managed $390 million of client assets at Merrill Lynch moved to LPL Financial and its employee advisor channel, Linsco, the firm announced Thursday. Jared West and Sandy Brown are launching West Wealth Advisory Powered by LPL Financial in Fresno, California, where they will be...
PGIM, Prudential Financial’s investment management unit, said Tuesday that it’s lowering the fees on its target-date funds and collective investment trusts. The target-date series, the Prudential Day One Funds, has been renamed the PGIM Target Date Funds, and the funds’ net expense ratio will be cut to 0.25% from 0.40%. The...
A team that oversaw $900 million in client assets at RBC Wealth Management has affiliated with LPL Financial’s LPL Strategic Wealth Services, the firm said. The four advisors are launching Sides Wealth Advisory Group in York, Pennsylvania. The practice was founded in 1987 by Scott Sides and the team plans to...
An advisor who was managing $350 million of client assets at Merrill Lynch has affiliated with UBS Wealth Management, the firm announced Friday. Matt Burton will join UBS as a managing director and financial advisor in the firm’s Indianapolis office. Client service associate Joanna Franz is also making the move. Burton...
A Goldman Sachs Group Inc. platform for Wall Street clients riding the ETF boom has given birth to its first investment funds. Three exchange-traded strategies from Brandes Investments Partners began trading Thursday through the Goldman Sachs ETF Accelerator, according to a press release. Those are the first to launch through...