The global wealth management market is set for exponential growth through the rest of the decade according to a new report. Allied Analytics says that the market was worth $1.25 trillion in 2020 and is set to more than double to $3.4 trillion with a 10.7% CAGR from 2021-2030. North America...
A team of eight wealth management professionals has joined D.A. Davidson & Co. in North Carolina. With a collective AUM of $1 billion, the team was formerly affiliated with Truist and includes senior vice presidents, financial advisors, and portfolio managers, Andy Vestal and Matt Bryant. Vestal has more than 30 years...
It’s been quite the year for David Daglio. The former chief investment officer at BNY Mellon started his own tactical asset management firm and has now joined a $7 billion multifamily office which has acquired his firm. Daglio spent 22 years at Mellon where he united and integrated three distinct...
Raymond James has picked up a wirehouse breakaway team in Guam that includes two advisors who managed $287 million at their old firm. David Beaver and Aaron Sanchez have joined Raymond James & Associates, the firm’s employee advisor channel, from Merrill Lynch, along with client service associates Hope Chamberlain and...
Artificial intelligence is certain to change how financial advisors and wealth managers operate, with many applications streamlining and accelerating processes. Estate planning solutions firm Vanilla is aiming to leverage the power of AI to speed up everyday tasks such as turning estate documents into diagrams, creating projections for federal and...
The upward trend in life expectancy has been evident for many years and yet still millions of Americans do little to plan for the large chunk of their lives that will live in retirement. A new survey from Western & Southern Financial Group is the latest to highlight a lack...
Growing demand for alternative assets will add more than $8 trillion to assets under management in the next five years, to a total $24.5 trillion, according to a new report. According to the forecast from industry analysts Preqin, the global alternative assets market will grow at an annualized growth rate...
A multi-family office managing $7 billion in client assets has promoted two long-serving members of its team to key management roles. Pitcairn has announced that J. Matthew McCarte, CFP, CTFA, is immediately taking charge of all relationship management teams as managing director and head of wealth management. He has been...
The system that millions of Americans rely on for their retirement income is only slightly above average and may require reform. That’s according to the Mercer CFA Institute Global Pension Index which looks at 47 of the world’s retirement income systems to identify weaknesses and suggest ways to make them...
A pair of financial advisors is launching a new independent practice with LPL Strategic Wealth Services, having managed around $265 million at RBC. Trevor Johnson and Brian Russo have joined LPL’s supported independence model to start Steeplechase Capital Partners with offices in Newtown Square, Pennsylvania, and Windham, New Hampshire. The duo...