New opportunities for wealth and alternative asset managers is the focus of Emigrant Partners, and the firm is aiming for new growth with the expansion of its headcount. The specialist capital and strategic advice provider to RIAs has announced that Jason Ehrlich has joined as managing director and head of...
LPL Financial has attracted an advisor with around $230 million in advisory, brokerage and retirement plan assets to its broker-dealer, RIA, and custodial platforms. Blake Mier of Mier Financial, based in Bloomington, Illinois, was previously with Wells Fargo Advisors Financial Network but decided to make the switch to gain greater...
A $290 million settlement between JPMorgan Chase & Co. and victims of Jeffrey Epstein was approved by a federal judge, who rejected a last-minute challenge from a group of state attorneys general that could have delayed the payout to almost 200 victims. US District Judge Jed Rakoff said the pact,...
Allianz SE reported a third-quarter profit that beat analysts’ estimates as its giant bond manager Pacific Investment Management Co. continued to attract new money. Group operating profit fell 15% to €3.47 billion ($3.7 billion), better than the €3.26 billion analysts had expected. Pimco attracted €10 billion from outside clients in...
There’s been an unwritten rule during the past decade of climate diplomacy: Good things can happen when the world’s two biggest economies are aligned. If the US and China can again come together in the quest to slash greenhouse gas emissions, there’s hope that progress can be made at COP28 in...
Goldman Sachs Group Inc. hired a trio of Credit Suisse private bankers as it builds up its presence in a swath of the Middle East that’s increasingly becoming a destination for the world’s rich. Fahad Alebrahim is joining the Wall Street firm to focus on Kuwait after previously working a Learn more...
AssetMark Financial Holdings hit its sixth consecutive quarter of record-breaking results in the third quarter, and it shows no sign of slowing. The turnkey asset management and technology provider brought in an all-time high total revenue of $190.5 million in the three months ended in September, Learn more about reprints and...
David Chepauskas, a senior wealth planner at Summit Financial in Red Bank, New Jersey, embodies the spirit of service in multiple ways. Early in his life, he felt called to volunteer for the military during the Cold War. After all, it runs in the family. His father was one of...
With the market dropping precipitously in 2022, registered investment advisors spent much of last year fighting to hold onto clients and soothe their anxieties. The S&P 500 stock index posted a total return last year of of negative 18% last year, eroding the annual organic growth of client a Learn...
It’s not something people want to think about, but most acknowledge that long-term care should be a part of their retirement planning. The problem isn’t just that they don’t want to think about it — it’s that more than half of people don’t think about it at all, even while...