The financial services industry has proven a the growing number of big-name asset managers trying to attract retail investors. GCM Grosvenor, a global alternative asset manager with $80 billion in AUM, is the latest big name to enter the fray. The firm has been offering products to qualified very high net worth investors/buyers for nearly…

Dynasty Financial Partners, a provider of RIA services, has officially launched a model portfolio program for its network of independent advisors. Called Model Select, the program offers top-down portfolio construction including passive and active fund strategies from leading asset managers. Most investment options are ETFs; some select models also include mutual fund exposures. A Dynasty…

Communify Fincentric, a digital platform created through the recent merger of Communify and Fincentrichas hired Nicole Nakashian, former COO at InvestCloud, as its first COO. In August, Communify, a company owned by Just Build It, a software investment firm launched earlier this year by InvestCloud founder John Wise, acquired Fincentric, a developer of mobile apps…

During my eight years running a consulting firm, I found that content marketing was my most effective business development tool. As a business owner trying to gain awareness of our brand and services in a competitive market, I faced a significant challenge: connecting with potential customers exactly when they needed our expertise. Traditional sales approaches,…

Many of the most successful advisors start out in a different place than the world in which they practice. ABOUT Allan Boomerdiscussing the stock market over dinner or reading The Wall Street Journal it was not part of his upbringing. However, hard work and strong family values ​​were the main factors that influenced his formative…

Pathstone, a private equity-backed multifamily office based in Englewood, NJ, has hired Eddie Brown as its new chief growth officer. Brown joins from Schwab Advisor Services, where he was a managing director, member of the leadership team and head of Schwab's Family of Advisors Office and Premier Wealth Group. In this role, Brown will be…

Captrust Financial Advisors, the Raleigh, NC-based registered investment advisor that passed $1 trillion in total client assets a few months ago, has acquired Boston Financial Management, a Boston-based RIA with nearly $5 billion in assets of the client. This represents Captrust's first major deal this year and its sixth acquisition in Massachusetts since 2019. This…

Merchant Investment Management, a New York-based private partnership that provides growth capital and other support to independent financial services firms, has announced its first partnership in Canada. The firm has acquired a non-controlling minority interest in SPM Financial, an independent financial services firm based in London, Ontario, with over $1 billion (CAD) in assets under…

Former Captrust executive Rush Benton is joining Coldstream Holdings' board of directors, replacing Cascadia Capital CEO and Chairman Michael Butler after a 13-year tenure on the board. Benton's industry career spans 13 years as founder and CEO of WealthTrust, a holding company for wealth management firms, and as managing partner at Benton Capital Partners, where…

We have all witnessed the convergence of wealth, retirement and, to a lesser extent, benefits at work. Although the promise of serving over 80 million defined contribution participants is evident, as is the potential to elevate advisors and providers who may, like most changes, progress may be slow. There are several events that create quantum…