Cetera Advisor Networks has attracted a team of advisors from Hickory, North Carolina, via Convergent Financial Partners, the network’s newest region. Brent McDonald and his Tar Heel Wealth Management Team have a practice of around $145 million and McDonald’s specialties include small business planning, retirement and income planning, estate planning...
Wisconsin-based investment management firm Madison Investments has launched its fourth new actively managed ETF, rounding out its initial suite of funds that debuted last month. The firm’s latest exchange-traded fund is the Madison Short Term Strategic Income ETF (MSTI), designed to generate a high level of current income by allocating...
September has got underway with several wealth firms announcing the completion of mergers and acquisitions, involving firms with combined assets under administration or management of more than $16 billion. The largest of the completed deals is Atria Wealth Solutions, Inc.’s acquisition of Grove Point Financial, LLC, adding $15 billion AUA...
Raymond James Financial Services has added a new team to its financial institutions division, expanding the reach of its investment and wealth management services. The three financial advisors and four associates from Plains State Bank in Houston and Cypress, Texas, will operate as Core+ Financial Strategies and were previously affiliated...
As the new academic year gets underway, a new report reveals a gender gap among the most lucrative degrees. Of those who hold the top 20 highest-earning bachelor’s degrees, 78% are men and 22% are women according to the analysis from Bankrate.com which looked at the median income of 151...
Investing in collectibles can require significant funds but owning part of something that others can only dream of offers some of the prestige for far fewer dollars. A new platform from duPont Registry gives investors the opportunity to own a piece of a rare, luxury, investment-grade automobiles through fractional equity...
Focus Financial Partners is looking ahead to a new era of growth following its acquisition by funds affiliated with Clayton Dubilier & Rice and Stone Point Capital. The deal which takes Focus off the public market — it was previously listed on the Nasdaq — and into private hands was...
The financial services sector is set for substantial growth in the next few years as several factors converge. The global market is anticipated to reach more than US$37.5 trillion dollars by 2027 at a compound annual growth rate (CAGR) of 7.5% according to the latest report from The Business Research...
Homeownership remains a key goal for many Americans, but it continues to become one of the hardest to achieve with tight supply pushing up real estate prices and lowering affordability nationwide. The latest stats show that prices are on the rise again with the Black Knight HPI recording an all-time...
Is the U.S. economy destined for continued growth or heading into recession? It’s a question pondered daily by investors and analysts around the world, but what do business leaders think? Just 16% of executives responding to the third-quarter AICPA & CIMA Economic Outlook Survey said they expect a recession by...