Evergreen's funds now account for $350 billion in global assets, representing a small but growing portion of the overall private investment landscape. according to the latest estimates from Preqinia research firm specializing in private investments. Domestically, evergreen vehicles include mutual funds, business development companies (BDCs), tender offer funds and non-traded REITs. Internationally, they are joined…

MAI Capital Management buys $562 million LWS Wealth Advisors Cleveland-based MAI Capital Management, which claims almost $21 billion in assets under management, has picked up a New Jersey-based firm that manages $562 million for clients. Connected: RIA summary: MAI acquires more assets in January than in all of 2023 A four-person team in Basking Ridge,…

Raymond James snapped up another advisory team from the wire offices. Eric Werner and Vincent “Randy” Whatley are joining the firm's employee advisor channel from Morgan Stanley, where they managed approximately $350 million in client assets. Alyssa Kerins, a senior registered client associate, will join the New Hampshire-based duo in their move to Raymond James,…

Blackstone's Spot Bitcoin ETF reached $10 billion in assets faster than any other ETF. PIMCO has filed for its first mutual fund-to-ETF conversion into a mutual fund focused on mortgage-backed securities. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com Staff | 05 March 2024 Source link

(Bloomberg) — Morgan Stanley's wealth management arm is giving its clients a chance to buy and sell coveted shares of private companies before they're available to the general public, as startups weigh offers initial public increasingly remain private for longer. Connected: Fidelity launches alternative investment research for advisors The bank's Private Markets Transaction Desk will…

Integrated Partners, a CPA-focused hybrid RIA and supervisory jurisdiction office of LPL Financial with over $17 billion in AUA, added CoFi Advisors, a Portsmouth, NH-based practice with approximately $185 million in assets. CoFi Advisors was co-founded by Wheeler Crowley and Colin Walker, who left Ameriprise Financial after seven years. They are joined by Shania Mulley,…

Integrated Partners, a CPA-focused hybrid RIA and supervisory jurisdiction office of LPL Financial with over $17 billion in AUA, added CoFi Advisors, a Portsmouth, NH-based practice with approximately $185 million in assets. CoFi Advisors was co-founded by Wheeler Crowley and Colin Walker, who left Ameriprise Financial after seven years. They are joined by Shania Mulley,…

Emphasizing its commitment to user experience as the cornerstone of its mission, Dirk Pearson, COO of Advyzon, says the firm is proud to have been rated the best all-in-one platform for seven years in a row, according to the T3/Inside Information Survey. . This achievement is attributed to its focus on integrating cutting-edge technology such…

A Lubbock, Texas-based team with approximately $140 million in assets under management will join LPL Financial from Lincoln Financial. The move comes as Osaic prepares to complete its acquisition of Lincoln National's wealth management business. Connected: Another advisor moves to LPL Financial from Osaic David Miller, president and managing director of RFS Financial Securities, said…

Christophe Gauthron, CEO of Kwanti, explains how the T3/Inside Information Survey reaffirms their commitment to user satisfaction, driving their development focus. Gauthron also teases upcoming features aimed at increasing client buy-in, highlighting their commitment to simplifying portfolio analytics, proposal creation, model management and improving advisor-client communication through seamless integration with partners. Source link