19+ hour, 4+ min ago   (849+ words) Also, $111B Mercer grows its Ohio footprint through acquisition, Janney adds a $150M advisor from Wells Fargo, and Steward Partners expands credit line by group led by Blackstone. Citizens Financial Group, a Providence, R.I.-based bank and wealth manager with $233.8 billion in assets,…...

12+ hour, 5+ min ago   (416+ words) The former LPL Financial and Altruist executive will lead revenue strategy for the asset manager's custody and clearing business as it expands into wealth services. Pete Dorsey, a seasoned financial services executive with tenure at LPL Financial, Altruist and TD…...

1+ week, 1+ day ago   (92+ words) The technique allows wealthier clients to obtain a favorable basis adjustment Member, Trusts and Estates Practice Group, Brach Eichler LLC Joy Matak is a Member in Brach Eichler LLC's Trusts and Estates Practice Group. Partner, Shenkman Tietz Martin M. Shenkman, CPA,…...

2+ day, 16+ hour ago   (288+ words) The transaction is part of a wave of consolidation in the asset-management industry. (Bloomberg) -- Victory Capital Holdings Inc. agreed to buy First Eagle Investments in a deal that would propel the combined firm’s assets under management to about $571 billion. San…...

2+ day, 16+ hour ago   (304+ words) On Aug. 14, the Office of the Comptroller of the Currency (OCC) granted conditional approval for World Liberty Financial International (WLFI) to become a nationally chartered digital asset trust bank. Moving Towards a New Reality But … What’s a Digital Asset Trust…...

2+ day, 19+ hour ago   (495+ words) Jason Wenk’s would-be giant-killer custodian Altruist goes institutional with sale to investor and board member Vanguard. Altruist, the tech-based custodian founded and run by Jason Wenk, has entered into an agreement to be acquired by financial services and investment giant…...

3+ day, 11+ hour ago   (546+ words) The two firms plan to relaunch the program under a new brand in 2027 after Wells Fargo and Morgan Stanley withdrew from participation in the lists. Forbes and Shook Research have suspended all wealth advisor rankings and events for the remainder…...

3+ day, 13+ hour ago   (386+ words) The 16-person group, led by Michael Bober and Ed Ventrice, establishes the firm's first office in Boca Raton and strengthens its South Florida footprint. Cresset Capital Management, a multi-family office based in New York overseeing more than $250 billion in client…...

3+ day, 11+ hour ago   (613+ words) Wells Fargo joins Morgan Stanley in halting its participation in the Forbes and Shook Research financial advisor lists amid a payment controversy, according to an internal memo. Wells Fargo Advisors has suspended its participation in Forbes advisor rankings and conferences,…...

3+ day, 15+ hour ago   (725+ words) In other people moves, LPL lures a technology leader from Wells Fargo, U.S. Bank hires private banking chief, alternatives manager Barings names U.S. wealth head, and Northern Trust expands wealth leadership in New York. Prosperity, a registered investment advisor owned by accounting…...