LPL Financial has gained a team of five advisors previously with Ameriprise, managing approximately $550 million in client assets. Advisors Paul LaBanc CFP, CRPC, AAMS, AWMA and Donald Grassi CRPC, AAMS, AWMA, first went into partnership in 2001 before founding ViewPoint Wealth Partners. The firm now also includes advisors Michael Kozlowski...
The amount that can be saved for retirement in 401(k) plans and many other government schemes has been increased for 2024. The Internal Revenue Service has announced that contributions of up to $23,000 will be allowed next year, up from $22,500 in 2023. That applies to 401(k), 403(b), most 457...
Americans are living longer but the downside is that many will require assistance from family members, who may in turn face a financial burden. A new report from the TIAA Institute and the University of Pennsylvania School of Nursing reveals that one in five adults now provide care to loved...
The private credit market is gaining traction as investors across the spectrum seek better returns and greater diversification. A new report from private credit platform Percent and Coalition Greenwich shows that 63% of respondents – largely asset managers, hedge funds and wealth managers in family offices and RIAs – plan...
Kestra Private Wealth Services has added two teams to its network, with a combined $850 million in client assets. Kindred Wealth Partners in Pittsburgh is led by senior managing partners Charles Palmer, Sean O’Riordan and Randall Klaiber, who were previously with Morgan Stanley Wealth Management. The $650 million team is supported...
State Street has announced some changes to its leadership structure as current president, chief operating officer, and head of Investment Services Louis D. Maiuri prepares for retirement. From January 1, 2024, Ron O’Hanley, the firm’s chairman and CEO will take on the additional responsibility as president of Investment Services, which...
Captrust has completed its seventh deal of the year and its 70th since 2006 with the acquisition of Column Capital Partners in Indiana. Its latest addition is in Indianapolis and is the firm’s second office in the state following Chesterton and will enhance Captrust’s overall capabilities in Indiana and beyond. “The...
A team managing approximately $250 million in assets has chosen LPL Financial to power its evolution into a more autonomous independent wealth management firm. Financial advisors Michael J. Pumo CFP, CEPA, AWMA and David A. DiRe have joined the firm’s broker-dealer, RIA and custodial platforms having previously been with UBS. The...
Advisor Credit Exchange has added two former UBS senior leaders as its new CEO and COO. The tech platform that enables investment firms and advisors to access lending and cash management solutions was co-founded by Peter Stanton, who has decided to step down as chief executive but will remain with...
The fast growth and future potential of private markets have prompted specialist private assets firm Schroders Capital to launch a new unit. With an initial $30 billion AUM and 100 investment professionals, the Private Debt and Credit Alternatives unit will bring together the firm’s real asset debt, structured and corporate...