Major turnkey management platform company AssetMark, which recently became privateannounced this week the closing of its acquisition of Morningstar Wealth's TAMP assets. This transaction brought about $12 billion in assets THE The AssetMark platform, which is now owned by private equity firm GTCR. CAIS releases simple trading features for Alts Alternative investment platform Also, special…
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Voya Financial is partnering with advisory technology provider Orion on a new enhanced platform for advisors affiliated with its Voya Financial Advisors business. The platform, called Voya WealthPath, is now available to approximately 450 advisors affiliated with broker/dealer Voya Financial Advisors. It provides a holistic view of a customer's financial life with more integrated data…
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In news that epitomizes the continued dominance of ETFs as a preferred wrapper for investment products, MFS Investment Management, the century-old mutual fund shop with $626.4 billion in assets, has launched its first ETFs including three active ETFs of equity and two active bond funds. At the same time, Allspring Global Investments, Wells Fargo's legacy…
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The much-hyped “great wealth transfer” is coming, but it may take a slightly more bumpy road than many advisers expect. Cerulli's last US High Net Worth and Ultra High Net Worth Markets 2024 report projects that about $124 trillion will change hands by 2048. (It looks like that date keeps getting pushed back.) And, while…
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Michael Tiedemann, CEO of AlTi Tiedemann Global, highlights how the depth of expertise – from impact investing and private markets to tax, trust and estate planning – sets the firms apart in providing holistic, multi-generational solutions. Find out why the advisor of the future must provide a seamless, comprehensive approach to meet the growing complexities…
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Concurrent Investment Advisors, a Tampa-based hybrid RIA that was formerly an office of supervisory jurisdiction under Raymond James, has added six new advisors with a total of $885 million in assets under management. This brings Concurrent's total AUM to $9.7 billion. Advisors Lora Hoff and Carl and Lindsay Lambert, a father-daughter duo, have joined Wealth…
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Concurrent Investment Advisors, a Tampa-based hybrid RIA that was formerly an office of supervisory jurisdiction under Raymond James, has added eight new advisors with a total of $885 million in assets under management. This brings Concurrent's total AUM to $9.7 billion. Advisors Lora Hoff and Carl and Lindsay Lambert, a father-daughter duo, have joined Wealth…
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Former Envestnet executive and industry analyst Chris Shutler is joining Orion as the firm's head of strategy. His duties will include market analysis and identifying areas for potential growth through M&A. He will report to Orion's chief financial officer, Mark Mayo. Related: Ryan Beach takes the helm at Wealthtech Consultancy F2 “Chris' expertise will help…
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What does it take to build a future-proof financial advisory business? Veteran industry leader Suzanne Siracuse sits down with Jon Jones, CEO and co-founder of Brighton Jones, to explore his remarkable journey from small-town beginnings to leading a $30 billion RIA. In this future-focused podcast episode, Jon reveals how a comprehensive client-centric approach has propelled…
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Serenus Wealth Advisors, a Santa Monica, Calif.-based registered investment adviser launched in July by a team that worked together at another RIA Certuity, has brought on board another executive from the same firm to lead the office her in New York. Led by founder and managing partner Kara Boccella, Serenus recruited Graham K. Mandl, a…
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