55ip CEO Paul Gamble will step down in September after more than six years as a fintech startup leadera company spokesperson confirmed. He will then become vice president of Asset Management Solutions at JP Morgan Asset Management. 55ip is one Wholly owned but independently managed subsidiary of JP Morgan Asset Management and has 200 employees….

EP Wealth Advisors has picked up 22 team members and nearly $1.2 billion in assets under management with the acquisition of Wacker Wealth Partners in San Luis Obispo, California. Led by former CEO Ryan Caldwell, EP's new regional director for Central California, and former President and COO Bryan Krill, who is stepping into the role…

For years, I kept a small piece of paper taped to my office wall that read: “It often sounds smart to be negative. But it almost always pays to be positive.” Connected: ETF with the best three-year returns Negativity often masquerades as intellect. Seeing the glass half empty is perceived as analytical, careful and sophisticated….

Strategic Wealth Partners to join Kovitz Investment Group Kovitz Investment Group Partners, one of the few “hub” firms in which Focus Financial is moving towards consolidation over 80 remaining partners in its network, has taken another step in this direction. Connected: Focus Financial adds two partner firm executives to senior leadership Kovitz agreed to buy…

Two advisors in Greensboro, NC, have broken away from Merrill Lynch to start their own business with the backing of Sanctuary Wealth. Vincita Investment Partners, led by partners JJ Marus and Lauren Norris, joined Sanctuary's “partnership independence” model, bringing $700 million in client assets from Merrill. Both leave Merrill's KM & Associates after about a…

Alternative investment platform iCapital has entered into an agreement to acquire Mirador, a fintech that provides investment data aggregation and financial reporting for both alternative and traditional investments. With the acquisition, iCapital will expand its data management and reporting capabilities. Mirador enables clients and advisors to aggregate asset reporting, regardless of where assets are held….

Homrich Berg (HB), an Atlanta-based registered investment advisory firm with 80 advisors overseeing approximately $16 billion for more than 3,600 households and 375 institutions, has brought on a former managing director with Bernstein Private Wealth Management to expand and led the HB consulting stable. talent. In the newly created role of chief advisor, Michael Woocher…

A team of four advisors has left Sheaff Brock Investment Advisors to create their own Indianapolis registered investment advisor backed by tru Independence, a $12.5 billion service platform for detached and independent advisors. Mendset Wealth Management is led by managing partners Peter Bjelopetrovich, Seth Hickle, James “Louie” Humphries and Mark Vandygriff. Mindset has joined the…

Last years seen rapid growth in buffer ETFs. According to ETF.com. The central selling point of buffer ETFs to financial advisors is that these vehicles offer clients downside protection—typically ranging from 10% to 15% of their first losses—while allowing them to reap investment gains in stock market. This strategy can be especially attractive during periods…

Hightower Advisors, the RIA platform with more than $130 billion in assets, has named Gurinder Ahluwalia, lead director of the firm's board of directors, as president, a newly created position, according to a recent Form ADV filing. Ahluwalia is currently an executive partner of the financial technology and services vertical at Thomas H. Lee Partners,…