Global wealth manager Fiduciary Trust International has expanded its growing footprint in South Florida, to serve high-net-worth clients in the region. The $94 billion AUM firm provides a customized investment and wealth management offering, including access to leading alternative investment managers, family office services, trust and estate management, and sustainable...
Baird Private Wealth Management has expanded its capabilities in Dallas with the addition of a $160 million team that joins from Carter. The Berg Group comprises two advisors, Joel Berg, who joins as a director and financial advisor, and Robert (Bob) Berg, who joins as a vice president and consultant....
Saving for a rainy day has been sound financial advice for generations, but when the rain keeps coming it’s easy to fall behind. A new report from Bankrate.com reveals that 81% of Americans have not added anything to their emergency savings this year and six in ten say they feel...
Morgan Stanley has made its decision on who should succeed the man who helped the firm recover from the turmoil of the financial crisis and grow into wealth management titan. Current CEO James Gorman announced his decision to step down after 13 years in charge back in May, telling the...
LPL Financial is empowering its advisors to retain tax planning business in-house rather than referring clients to external services – and to leverage an outsourced CFO in their business. The firm’s newest Tax Planning Service links advisors with LPL’s tax planning specialists to enable them to identify clients who would...
When you’re the world’s largest asset manager, with close to $10 trillion AUM, you have to expect some highs and lows. BlackRock has been charged by the SEC for failing to accurately describe investments in the entertainment industry and has agreed to pay $2.5 million to settle the case. The...
LPL Financial’s employee advisor channel Linsco is opening a new office in Santa Barbara, California, after attracting a $200 million AUM advisor from Stifel. Financial advisor Tyler B. Powell has more than 15 years of industry experience and built his practice through networking and referrals, leading him to search for...
Kaufman Hall Investment Management has acquired the assets of Ponder Investment Co., a $1 billion AUM firm that provides investment management services to nonprofit health care, cultural, and other institutions. The wholly owned subsidiary of Kaufman Hall & Associates will assume control of PIC’s business, which manages high-grade U.S. fixed-income...
Modern Wealth Management has made its fifth acquisition as the national RIA aggregator continues is rapid growth since launching earlier this year. The firm has added the tax strategy and preparation capabilities of father and son firm Martin James Investment & Tax Management, operating out of Indianapolis, Indiana. The firm was...
Envestnet has launched a new embedded investment platform to empower banks and other financial institutions offer a more holistic service to their customers. The firm has established an SEC-registered investment advisor called Envestnet Embedded Advisor to be the asset manager for the embedded financial solutions while investment accounts will be...