Organic growth has long been a challenge for wealth companies, which appears to be growing in difficulty. The key to organic growth is understanding the full picture of client wealth and held-away assets. However, this can be extremely difficult, requiring continuous innovation and customized solutions across a wide range of financial products and services to…

Many of the best and brightest ideas in wealth management over the past decade have come from someone in the industry who saw a gap and filled it. Such is the case with Matt Brownwhich envisioned the use of technology to make alternative investments more accessible to the masses. Once limited to institutional and ultra-sophisticated…

Wealth management of ultra high net worth (UHNW) clients is a vibrant growth area and a promising area for the advisory industry. In 2021, about 141,000 US investors had $50 million or more in total assets. This number could grow by 30% by 2025, which presents a significant opportunity for financial advisors, especially in unique…

Private credit has seen its investor base expand significantly in recent years to include a growing number of wealth channel participants. This democratization has been made possible to a large extent by the emergence of investment fund structures such as business development companies. There are several different types of BDC structures, and when determining how…

It is often said that business and politics do not mix. However, both spheres share striking similarities in relying on solid leadership, strategic planning, stakeholder management, and cultural influence to succeed. Surprisingly, corporations continue to abandon diversity, equity and inclusion, psychological safety, and employee resource pools; the political sphere unsurprisingly adopted these strategies to advance…

Alternative asset manager KKR & Co. reported growing momentum in its mutual funds targeting retail investors and advisory clients during second-quarter earnings. The firm also signaled that the first products developed through its partnership with Capital Group will debut in 2025. Among its existing investments in the wealth channel – what the asset manager calls…

A team of four advisers in Middleton, Wis., have left Northwestern Mutual to join Commonwealth Financial Network. Sentinel Advisory Group, led by co-founders Brent Cashore, Peter Shulla, Nathan Keeling and Cary Grunder, manages approximately $300 million in client assets. Grunder was with Northwestern for 29 years, while Shulla was with the firm for 17 years,…

Open, honest, and candid discussion about the courts halting the DOL's fiduciary rule, the growing need for employment counsel, the ramifications of Chevron on the ESG rule, and more. Source link

Financial adviser Lock Bingham has left Stifel Financial to start his own registered investment adviser. He recently founded Bingham Private Wealth, a San Francisco RIA with approximately $200 million in client assets. Bingham spent the past 10 years at Stifel, most recently as a senior vice president. Before that, he was with Sterne Agee. Principal…

LPL Financial continues to track teams from firms undergoing major acquisitions and integrations, snapping up a previously $170 million team from Avantax before it merged with Cetera. He also picked up a $250 million team from Osaic earlier this week, continuing a multi-month streak of Osaic-to-LPL transitions. Connected: $1 billion New Jersey firm leaves Osaic…