TCP Launches with Formation of Advantage Distribution Holdings
August 12, 20244 min
Advantage Distribution Holdings has been formed to create an industry-defining, tech-enabled distribution platform of HVAC equipment & parts
AE Wealth Hits $30B Milestone, Earns Rank Among Nation’s Top RIAs
August 12, 20243 min
For the sixth year in a row, AE Wealth Management (AEWM) has managed to rise in the ranks of the top 50 Registered Investment Advisory (RIA) firms by earning the number 19 spot in Financial Advisor (FA) magazine’s “2024 RIA Ranking” while simultaneously reaching a $30 billion assets under management milestone. AEWM finished 2023 with $25.1 billion in AUM. In the first six months of this year, the firm has brought in more than $5 billion in new assets to achieve the $30 billion mark....
Luxspin Establishes New Risk Assessment Division
August 9, 20244 min
In the context of increasingly complex global financial markets, Luxspin Global Holding has announced the establishment of a new risk assessment division. This initiative aims to enhance the investment strategies and risk management capabilities of the company in the financial derivatives sector, further solidifying its leading position within the fintech industry. As a globally renowned fintech investment firm, Luxspin consistently seeks methods to improve transparency and efficiency in its investment strategies. The newly formed risk assessment division will deploy...
Journey Strategic Wealth Recruits $200m Advisor from LPL
August 8, 20244 min
Journey adds advisory team led by Michael LaBarbera and launches new Tampa office.
Milind Mehere Joins Board of Directors at Advisor360°
August 7, 20244 min
Advisor360°, a leading provider of integrated technology for enterprise wealth management firms, is pleased to announce the appointment of Milind Mehere, founder and former CEO of YieldStreet, to its Board of Directors. An award-winning entrepreneur, Mehere has a track record of building large, scalable businesses and creating new product categories. Mehere most recently served as CEO of the digital investment platform YieldStreet for nine years, growing it to a fintech unicorn with 500,000 members and...
Leon Capital Group, iCapital® to Expand Investment Opportunities Access
August 7, 20246 min
Innovative Collaboration Enhances Access to Leon's Investment Strategies for Financial Advisors and High-Net-Worth Investors
True Potential Selects Northern Trust for Outsourced Trading Solutions
August 7, 20245 min
Northern Trust announced that it has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for True Potential, a United Kingdom (UK)-headquartered wealth management firm, supporting £31.7bn (approx. US$40.2bn) of assets under management (source: True Potential, 31 July 2024). Northern Trust will assume the trading function across True Potential’s internally managed funds with approximately £6.1bn AUM as of 31 July 2024. Northern Trust previously announced its appointment as True Potential’s custodian in January 2024. Northern...
HoyleCohen to Join The Colony Group
August 6, 20244 min
Focus Financial Partners Inc., a leading partnership of fiduciary wealth management and related financial services firms, announced that it has entered into a definitive agreement under which San Diego-based HoyleCohen LLC will join Focus firm The Colony Group, LLC. This transaction is expected to close in the third quarter of 2024, subject to customary closing conditions. HoyleCohen, a leading West Coast based RIA with four offices across California and Arizona, initially joined Focus as a...
PPB Capital Partners Announces Momentum in Business Growth
August 6, 20246 min
Reports rapid acceleration of its business over the past 24 months
Enfusion Introduces the Next Phase of Portfolio Workbench
August 5, 20246 min
New Portfolio Management Features Elevate Experiences for Asset Managers with Advanced Portfolio Construction, Rebalancing, and Integration with Third-party Optimizers