Conquest Planning, the Canada-based next-generation planning application developed by Mark Evans, has unveiled enhancements to its artificial intelligence-based strategic advisory manager (SAM). The new features were unveiled at BNY Mellon's Pershing X INSITE 2024 Conference in Nashville. Included among the enhancements are SAM INSIGHTS, Ask SAM and SAM Score. Connected: Invasion Planning secures $17.8 million…

Dawn Nordberg, group head of strategic client management for Morgan Stanley Private Wealth Management, is leaving the wire to lead a new client engagement program with Citi Wealth, according to a memo from Andy Sieg, head of Citigroup Wealth Management. In the memo to Citi Wealth employees, Sieg wrote that Nordberg would lead the new…

BNY Mellon's Pershing X has introduced several improvements to its multi-custodial wealth management platform, Wove. The new features — which include a one-stop customer portal, cloud data platform, consolidated APIs and portfolio management suite — were unveiled at its INSITE 2024 Conference in Nashville, Tenn. Wove was discovered for the first time at last year's…

Last week, Salomon & Ludwin, a registered investment adviser based in Richmond, Va., filed suit against four former team members and their newly launched RIA, Founders Grove Wealth Partners, alleging they intentionally misappropriated the firm's trade secrets to solicit clients and breached their employment agreements. This week, the defendants filed court documents in response, claiming…

A team of Merrill Lynch advisors with more than $1 billion in assets under management is going independent, choosing to deal with Schwab. Michelle Gruber and Alex Markowitz are forming Alteri Wealth in Westlake Village, California, about 10 miles outside of Malibu. The firm will specialize in working with business founders and entrepreneurs, doctors, athletes,…

(Bloomberg) — Fidelity Investments is flexing its muscles in efforts to extract payments from ETF firms in exchange for listing and hosting their products on its massive platform, sparking industry ire. The Boston-based investment powerhouse has already won deals with nine boutique firms after formally warning them in March that fees could be imposed directly…

In this episode of the RIA Edge Podcast, David Armstrong, editorial director for Informa Connect's Wealth Management Group, talks with Jeff Dekko, CEO of the Wealth Enhancement Group, about the firm's history and active role in the M&A space. The company currently manages approximately $80 billion in assets, primarily in the RIA industry. With over…

Fred Barstein, contributing editor to WealthManagement.com's RPA channel, invites retirement industry thought leaders to answer three probing questions on critical issues, providing an open, honest and candid dialogue. This week, we host Jeff Elvander, CIO at flexPATH Strategies and RPAG. He held a similar position at NFP Retirement prior to this. We ask him: …

Stratos Wealth Advisors, the fee-only registered investment advisor owned by Stratos Wealth Holdings, has added a second team of advisors in Pepper Pike, Ohio, in as many weeks. This time, Pistone Wealth Advisors, led by President and CEO Karyn Pistone, is joining Stratos, bringing $120 million in client assets from Beacon Financial Advisory. Pistone is…

Focus Financial Partners, the New York-based RIA aggregator, is continuing to consolidate by moving the business lines of US-based Connectus Wealth Advisers to The Colony Group and Kovitz Investment Group Partners The five business lines joining Colony from Connectus include Atlas Private Wealth Management, Connectus Private, Hunt Valley Wealth, Mid-Continent Capital and NEIRG Wealth Management….