The search for sustainable profitability is a constant aspect of any business, especially in the wealth management industry. According to Capgemini's latest World Wealth Report, the highly concentrated high-net-worth segment—defined as individuals with more than $30 million in investable assets—represents a lucrative opportunity for wealth managers. However, reaching this demographic is not without challenges. The…

Cresset is buying a Michigan-based multifamily office with about $1.6 billion in assets under management. The deal will bring Cresset's total assets under management to more than $52 billion. The Connable Office was founded as a family office in the late 1800s and is one of the nation's oldest family offices. It has worked with…

Sponsored byMike Everett, VP of Business Development, MyVest, sits down with Shannon Rosic to explore the new industry's focus on organic growth and why taking a “homegrown approach” and looking for ways to add value is critical to that. Plus, Mike discusses how to successfully lead change management and builds meaningful capacity for advisors. Source…

In Aprill, The Securities and Exchange Commission charged private equity firm Wayzata Investment Partners for violating the pay-to-play rule for investment advisers. The SEC order noted that a covered associate of the firm made a $4,000 campaign contribution to a candidate for elected office in Minnesota in April 2022 and that office had influence over…

In this very interesting and entertaining conversation about investment risk, Lido Advisors Chief Market Strategist Walker Williams joins Ryan Nauman to share his great insights on all things risk. Walker shares his thoughts on why he thinks the wealth management space needs to rethink how it views investment risk, the importance of asset allocation should…

SEC compliance is top of mind for RIAs across the country, and their cybersecurity needs are specific. RIAs have a fiduciary responsibility to protect their clients' data and assets, which may be vulnerable to cyber attacks. A data breach can result in fines, penalties and reputational damage. With the SEC proposing new rules to address…

Advyzon Investment Management, an asset management program under the Advyzon platform, has named Scott Smith its chief revenue officer. Smith started his over 20 years career in financial services as relationship manager and vice president of sales at TD Ameritrade Institutional, where he served for two years. He then spent four years each as vice…

Brought to you by Zephyr PSN celebrates 40 years in 2024 as the world's longest running SMA database, in addition to commemorating 20 years of PSN Top Guns. PSN's mid-year outlook for 2024 marks anniversaries with articles from leading SMA firms including Martin Investment Management, LLC, Tannin Capital, PIMCO, Level Four Capital Management, Palouse Capital…

The typical narrative is that over time, digital regulation becomes more stringent. Accountability becomes a greater requirement as technology continues to advance and take a more significant part of our professional lives. There is nothing new here, and yet recent regulatory activity has been even more intense than expected across major organizations. The Securities Exchange…

YouTube changed the way we connect with each other, share information and ideas, and hear each other's stories. Born out of a need to easily share posts and videos with family, this $200 billion business is now hosting many of our videos. He dismissed the social media phenomenon of influencers recording themselves doing their favorite…