Private Wealth News

PRIVATE WEALTH

December 23rd, 2024

From the Sidelines: 2024’s Biggest Conversations in Private Wealth and Institutional Investing

From Sydney to Park City: The Private Wealth and Institutional Conversations That Defined 2024
Markets Group hosted over 100 forums in 2024, and these highlights from our "From the Sidelines" recaps capture the pulse of Private Wealth and Institutional Investing. Explore the key topics and hot-button issues that shaped the year.

PRIVATE WEALTH

October 24th, 2024

Hightower Holding acquires huge stake in NEPC

While the cost of the transaction remains undisclosed, the deal is expected to close by early 2025.

PRIVATE WEALTH

August 12th, 2024

Dr. Ron Piccinini likes 'bond plus option strategy' while mitigating risk in the current environment

Today we have one of the leaders from Ashton Thomas, Dr. Ron Piccinini. Ron has extensive background in risk analysis, portfolio management, and has expertise in assessment of alternative investments. In this interview, we dive deeper into their biannual playbook manager selection and risk-mitigating strategies, among others. Piccinini will be speaking at a Private Wealth Mountain States Forum on October 29th and Private Wealth Southwest Forum on December 3rd.

PRIVATE WEALTH

August 11th, 2024

Interviews from the Sidelines of our Private Wealth Forum in Sydney, Australia

The 3rd Annual Private Wealth Australia Forum welcomed over 350 attendees for an exclusive gathering of family offices, wealth managers, private banks, and asset managers from across the Asia-Pacific region. This invitation-only event offered a deep dive into the most pressing issues facing the private wealth community today, with discussions that raised the bar on regional forums.

PRIVATE WEALTH

August 9th, 2024

NZ Super appoints chief risk officer

The $76.6bn fund has promoted Michael Mitchell from the role of acting chief risk officer, following the retirement of Mark Fennell earlier this year

PRIVATE WEALTH

August 9th, 2024

U.K. Pensions and Lifetime Savings Association appoints director of policy and advocacy

Zoe Alexander has taken over the role of director of policy and advocacy, as Nigel Peaple plans to step down at the end of August

PRIVATE WEALTH

August 5th, 2024

Exclusive: Elias Bachmann considers private credit as a 'Gateway Drug'

In this conversation Bachmann dives deep into impact investing, red flags in managers and his contrarian approach when making investment decisions. He will also be speaking at our 8th annual private wealth forum in Denver on October 29.

PRIVATE WEALTH

August 5th, 2024

National Employment Savings Trust appoints head of retirement

The $47bn system has promoted Mark Rowlands to head of retirement.

PRIVATE WEALTH

July 29th, 2024

Ford Foundation’s president to step down after 11 years

Darren Walker will step down by the end of 2025

PRIVATE WEALTH

July 15th, 2024

London CIV’s CIO steps down

Aoifinn Devitt, the CIO of $18.57bn fund will leave the role at the end of the year.

PRIVATE WEALTH

July 8th, 2024

Veritas Pension Insurance Company appoints new CIO

Laura Wickström has been promoted to CIO from deputy CIO, following Kari Vatanen’s resignation.

PRIVATE WEALTH

June 20th, 2024

Maher Al Kaabi on Al Serkal Group's UAE Legacy and Circular Economy Leadership

In an exclusive interview at the Private Wealth Middle East Forum, Courtney McQuade from Markets Group sits down with Maher Al Kaabi, Advisor to Group Chairman and Independent Board Member of Al Serkal Group. Maher provides insights into the rich history and pivotal role of Al Serkal Group, a family business spanning 165 years in the UAE.

PRIVATE WEALTH

June 12th, 2024

Funds SA Appoints an Interim CIO

Matt Kempton, the newly appointed interim CIO will succeed ex-CIO Richard Friend

PRIVATE WEALTH

June 11th, 2024

Sompo International Holdings Has a New CIO

Thomas Leone has been named the CIO of Sompo International Holdings, following the retirement of Mark Silverstein.

PRIVATE WEALTH

June 10th, 2024

New Zealand Super Fund Has a New Acting CIO

Alex Bacchus has been appointed as the new acting CIO and would be stepping in Gilmore’s shoes. Gilmore left the fund to serve as CIO at CalPERS, the largest state public pension fund in the United States.

PRIVATE WEALTH

May 29th, 2024

Raffles Family Office has a new CEO

Kendrick Lee has taken over the role of CEO, effective from April 1.

PRIVATE WEALTH

May 23rd, 2024

Funds SA CIO steps down

Richard Friend, the CIO at Funds SA steps down after eight years of being in the role.

PRIVATE WEALTH

May 23rd, 2024

Russell Investments has a new MD for Asia-Pacific region

Russell Investments has promoted Jason Edgar to the role of MD for the Asia-Pacific region from the role of handling corporate development

PRIVATE WEALTH

May 21st, 2024

Exclusive Interviews from the Sidelines: Private Wealth US Retreat

The Private Wealth US Retreat brought together over 200 industry leaders and professionals to shape the future of wealth management. This exclusive event served as a dynamic platform for exchanging ideas, fostering collaboration, and networking among the brightest minds in finance.

PRIVATE WEALTH

May 21st, 2024

Exclusive Interviews from the Sidelines: 3rd Annual Private Wealth Middle East Forum

The 3rd Annual Private Wealth Middle East Forum, held over two enlightening days, served as a premier educational event for single and multi-family office principals, private bank allocators, senior wealth management professionals, and financial intermediaries. Designed to deliver actionable investment solutions and strategies, the forum supported the continued development of the alternatives industry in the region.

PRIVATE WEALTH

May 21st, 2024

Cbus’s deputy CIO set to step down in June

Alexandra Campbell, deputy CIO and head of private markets will leave the fund at the end of June.

PRIVATE WEALTH

May 16th, 2024

Prime Super Appoints New CEO

Raelene Seales has been appointed as the new CEO for Prime Super

PRIVATE WEALTH

April 29th, 2024

CIO Andy Stewart on Managing with Integrity

How the chief investment officer of ExchangeCapital Management manages staff with radical candor, how he applies his tech background to investment probabilities, how he approaches due diligence, and currencies.

PRIVATE WEALTH

April 11th, 2024

Catch All the Exclusive Sidelines Interviews from Private Wealth East Spring Forum 2024

Don't miss our exclusive series of video interviews captured straight from the sidelines of the 8th Annual Private Wealth East Spring Forum. Dive into actionable insights and conversations that are shaping the private wealth investment landscape.

PRIVATE WEALTH

April 10th, 2024

Exclusive: Stephen Biggs on Building an Alts Platform from Scratch

Biggs is using his experience as a pension fund analyst, RIA chief investment officer and Principal to determine best practices and due diligence for new Alt investment offerings at The Mather Group.

PRIVATE WEALTH

April 2nd, 2024

Building Trust and Referrals: Inside the Success Story of Victoria Trumbower's RIA

A discussion of the effective practices behind sustained, organic growth in the financial advisory industry with Victoria Trumbower, Managing Member of Trumbower Financial Advisors.

PRIVATE WEALTH

March 14th, 2024

Equity Trustees Super Business Welcomes New Board Member and Achieves $60 Billion Milestone

Equity Trustees has appointed a new non-executive director to its superannuation trustee business as the company achieves a significant milestone, surpassing $60 billion in funds under supervision (FUS).

PRIVATE WEALTH

February 22nd, 2024

Anne Valentine Andrews appointed as Global Head of Private Markets at Manulife Investment Management

Manulife Investment Management (Manulife IM), a global asset management firm serving over 17 million investors, has appointed Anne Valentine Andrews as its new Global Head of Private Markets, effective March 4.

PRIVATE WEALTH

February 21st, 2024

Sid Ludbe Joins Nedbank Private Wealth

Nedbank Private Wealth has revealed the transfer of Sid Ludbe, an extensively seasoned private banker, from its Isle of Man branch to its acclaimed representative office in Dubai, marking a strategic move to bolster the company's footprint in the Middle East.

PRIVATE WEALTH

February 14th, 2024

Rockefeller Capital Management Adds Alexandra Lebenthal to Strategic Advisory

Rockefeller Capital Management (Rockefeller) has announced the addition of Alexandra Lebenthal, a seasoned veteran with 39 years of experience in financial services, to its team as a Managing Director and Senior Banker.

PRIVATE WEALTH

February 13th, 2024

Athletics to Assets: Inside the Journey of an Olympian Turned Financial Advisor

An inspiring story on how a top achieving Olympian Lauryn Williams, one of the fastest people in the world, applied her athletic discipline to become a wealth advisor.

PRIVATE WEALTH

February 13th, 2024

Bernstein Private Wealth Management Announces Expansion of Ultrahigh-Net-Worth Platform

Bernstein Private Wealth Management (Bernstein), a division of AllianceBernstein L.P. (NYSE: AB), has announced the expansion of its Ultrahigh-Net-Worth (UHNW) Platform, aiming to assist clients in navigating the increasing complexities of wealth management and establishing a multigenerational legacy.

PRIVATE WEALTH

February 5th, 2024

Kyle King to Serve as Commercial Banker at Lufkin Branch of VeraBank

VeraBank is excited to welcome Kyle King to its commercial banking team as the Banking Officer and Commercial Banker at the Lufkin branch.

PRIVATE WEALTH

February 5th, 2024

Rockefeller Expands Wealth Management Reach with Lewis Wealth Partners in Richmond, VA

Rockefeller Global Family Office, the wealth management arm of Rockefeller Capital Management, has expanded its national footprint by adding Lewis Wealth Partners, its inaugural Private Advisor team in Richmond, VA.

PRIVATE WEALTH

January 30th, 2024

Christine Lynch named Group Chief Risk Officer at Quintet Private Bank

Quintet Private Bank, headquartered in Luxembourg and operating across Europe and the UK, has announced the appointment of Christine Lynch as the Group Chief Risk Officer.

PRIVATE WEALTH

January 10th, 2024

Exclusive: Macro 2024 Outlook: An Interview with Saumen Chattopadhyay

A wide-ranging video interview covering macro topics including interest rate predictions, allocations to international markets and what Gen Z might be seeking.

PRIVATE WEALTH

January 9th, 2024

CD&R Appoints Howard Ungerleider as Operating Advisor

Clayton, Dubilier & Rice (CD&R) has appointed Howard Ungerleider as an Operating Advisor to CD&R funds.

PRIVATE WEALTH

January 4th, 2024

NOAH Appointed Zhe Yin as CEO

Mr. Zhe Yin, co-founder and director of the Company, has been appointed as the new CEO, succeeding Ms. Jingbo Wang.

PRIVATE WEALTH

January 4th, 2024

Joshua Varghese Joined Trez Capital Board

Joshua Varghese joins Trez Capital's Board of Governors as a leader in the Canadian real estate investment industry.

PRIVATE WEALTH

January 3rd, 2024

Andrew Summers Joins Omnis Investments as Chief Investment Officer

Andrew Summers assumed the role of Chief Investment Officer at Omnis Investments in December 2023.

PRIVATE WEALTH

October 27th, 2023

Ben Samild Becomes Chief Investment Officer at the Future Fund

Ben Samild has been elevated to the position of Chief Investment Officer by the Future Fund.

PRIVATE WEALTH

October 6th, 2023

Video Interview: The Economy's Prognosis with Author and Researcher Larry Swedroe

A discussion on evidence-based investing for the current economy with Buckingham Wealth Partners researcher and author of "The Only Guide to a Winning Investment Strategy You’ll Ever Need."

PRIVATE WEALTH

June 27th, 2023

Eric Teal of U.S. Bank Reflects on the Economy

In an exclusive interview with Markets Group's Adena Baichan, Teal reflects on inflation, globalization, streamlining investment offices, and asset allocations.

PRIVATE WEALTH

June 9th, 2023

Exclusive Interview with CIO Fahad Kamal of Kleinwort Hambros

During a deep interview on his career, Kamal discusses his investment philosophies, and where he is placing his priorities as a new chief investment officer.

PRIVATE WEALTH

February 23rd, 2023

Fewer Millionaires Moving to United States

Report tracks migration, immigration patterns, and educational trends of private wealth holders.

PRIVATE WEALTH

November 9th, 2022

Midterm Election Results ‘Best Possible Outcome’ For Risk Assets, Says Private Wealth Firm

While Republicans looked set to take control of the House, Democrats were faring better than many expected in the Senate race, which was too close to call.

PRIVATE WEALTH

November 9th, 2022

Lombard Odier Appoints New Head For Belgium

Geoffroy Vermeire will be responsible for the group’s private client office in Belgium.

PRIVATE WEALTH

November 2nd, 2022

Ping An Hires Private Wealth Advisers Amid ‘Positive’ Outlook for China’s Economy

The group’s insurance fund investment portfolio grew 9.6% in the first nine months of 2022 to $590 billion.

PRIVATE WEALTH

November 2nd, 2022

Bank of Singapore Sees Opportunity in ‘Excessive Pessimism’ Towards China

Chinese assets have continued their downward trend in the wake of the Chinese Communist Party’s meeting.

PRIVATE WEALTH

October 18th, 2022

Pictet Wealth Management Thinks Fed Won’t Tighten as Much as Investors Expect

The market is pricing in a terminal rate of around 4.9% by March 2023.

PRIVATE WEALTH

October 18th, 2022

Private Wealth Managers Expect ‘Disappointment’ as U.S. Earnings Season Gets Underway

Consensus earnings per-share growth estimates remain ‘too high’ at 7% for the S&P 500 index.

PRIVATE WEALTH

October 11th, 2022

HSBC Global Private Banking Launches in Western China

The firm is targeting rising levels of wealth in the world’s second-largest economy.

PRIVATE WEALTH

October 3rd, 2022

Beacon Pointe COO: M&A Unlocking the Value in the RIA Space

Karisa Diephouse, chief operating officer at Beacon Pointe Advisors, details the rise of the M&A trend in wealth management and her role as part of the largest female-run RIA in the country.

PRIVATE WEALTH

September 27th, 2022

From High School Intern to Entrepreneur: How Jacqueline “JaQ” Campbell Inspires the Next Generation to Create, Preserve Wealth

Jacqueline “JaQ” Campbell, president and CEO of Detroit-based RIA Alexander Legacy Private Wealth, began her career in wealth management at age 16. She discovered the industry through a high school internship program that set her down the path of financial services, ultimately leading her to private wealth management.

PRIVATE WEALTH

September 22nd, 2022

Anthony Scaramucci Talks Crypto and New Reality Show

‘Once we get regulatory clarity, institutional adoption will accelerate.’

PRIVATE WEALTH

September 21st, 2022

What Identifies a True Single Family Office?

The term single family office has become subjective. Paul Reynolds, director at Thamesis Limited, discusses the nuances of a single-family office and debunks misconceptions of how the wealthiest people in the world manage their money.

PRIVATE WEALTH

September 9th, 2022

Elizabeth Burton Joins Goldman Sachs

Former Employees’ Retirement System of Hawaii CIO nabs role with bank’s asset management arm.

PRIVATE WEALTH

August 16th, 2022

New Zealand-Based Investment Manager Fisher Funds Buys Kiwi Wealth

As part of the deal, Fisher Funds will enter into a strategic partnership with Kiwibank.

PRIVATE WEALTH

August 8th, 2022

TMG First Purchased Seiffert, Followed with Second RIA Semita

The $7.5 billion private wealth manager added a total of $135 million AUM.

PRIVATE WEALTH

August 4th, 2022

Alera Group Purchases Johnson Brunetti

Subsidiary Alera Group Wealth Services gains $1.5B RIA

PRIVATE WEALTH

August 1st, 2022

Robert Picard Joins Hightower as Alts Chief

Picard will head the alternative investment platform for the $140B private wealth manager.

PRIVATE WEALTH

August 1st, 2022

Permanent Capital Manager Buys Stake in GenTrust

Kudu Investment Management bought minor stake in the $3B RIA.

PRIVATE WEALTH

July 28th, 2022

Exclusive: Australian Equities Could Benefit From Resilient Domestic Economy, Rocks Says

Unlike other developed markets, Australia’s economy is not expected to slide into a full-blown recession.

PRIVATE WEALTH

July 27th, 2022

Exclusive: Australian Equities Could Benefit from Resilient Domestic Economy, CIO Says

Unlike other developed markets, Australia’s economy is not expected to slide into a full-blown recession.

PRIVATE WEALTH

July 26th, 2022

LPL Alum Detrick is Now with RIA Carson

Ryan Detrick joined colleague Burt White at $20B Carson Group

PRIVATE WEALTH

July 26th, 2022

Laura LaTourette (She/her/hers) Talks Diversity, Hiring an All-Female, Multigenerational Staff, and Her Approach to Succession Planning

Laura LaTourette (she/her/hers) takes a unique view about how she approaches running her Georgia-based RIA, Family Wealth Management Group. From an entrepreneurship lens, LaTourette works to differentiate her brand within a crowded market, which can make all the difference when setting out to create a long-lasting, thriving private wealth practice.

PRIVATE WEALTH

July 25th, 2022

Private Banker Joins LPL Financial

Bill Sappington will develop a companywide banking and lending platform.

PRIVATE WEALTH

July 21st, 2022

Integrated Partners Names Investment Leader for Family Office

CFA Stephen Kolano will lead startup Integrated Family Office

PRIVATE WEALTH

July 18th, 2022

Retirement Corporation of America is out of Fifth Third

RCA left Fifth Third to manager its $550 million under Stratos Wealth

PRIVATE WEALTH

July 15th, 2022

Dakota Wealth Management’s Chief Experience Officer Talks Diversity, Leadership and Creating a Firm Culture in Today’s Challenging Landscape

Kristen Oliveri, Head of Private Wealth Content at Markets Group, sits down with Carina Diamond, the chief experience officer of Dakota Wealth Management, to discuss how Diamond has cultivated a unique firm culture within her RIA, helping both clients and employees flourish in a time of great change.

PRIVATE WEALTH

July 14th, 2022

Despite ‘Wild Card’ Inflation, the 60/40 Portfolio is Still Alive

Rising inflation. Rising interest rate. Plus, a looming recession. The stock and bond market are down but—regardless—the 60/40 portfolio will remain.

PRIVATE WEALTH

July 14th, 2022

Pathstone Is Set to Purchase Its Third RIA in 2022

Its deal for Dyson Capital Advisors, a $3.5 billion Virginia company, will close August 1.

PRIVATE WEALTH

July 12th, 2022

Compensation, Scope and Flexibility for Private Wealth Hiring

Paul Ciancarelli of David Barrett Partners talks about searching and placement within the private wealth industry.

PRIVATE WEALTH

July 11th, 2022

Stephen Straus of Stifel Dead in July 4th Shooting

The 88-year-old was killed in the parade mass shooting in Highland, Park, Ill.

PRIVATE WEALTH

July 7th, 2022

Ex-Prudential Executive Joins Apollon

Eric Sterner will be CIO of the $2.5 billion RIA.

PRIVATE WEALTH

July 5th, 2022

NFP Canada Purchases RIA

Target Newport Private Wealth Management has $4.3B under management.

PRIVATE WEALTH

June 29th, 2022

Hamilton Lane Focused on Making It Easier to Invest in Private Equity Funds

Private markets giant invests in digital private market exchange, adds head of digital assets.

PRIVATE WEALTH

June 27th, 2022

RIA Jailed for $8 Million Fraud

Martin Ruiz used client money to purchase a $245,000 home, pay $3 million he owed on credit.

PRIVATE WEALTH

June 23rd, 2022

First-Time Venture Capital Fund Buys into SmartRIA

Ritholtz Wealth Management sub-advised a ‘minority’ investment in compliance management system.

PRIVATE WEALTH

June 22nd, 2022

How Family Offices Are Reshaping the Future of the Healthcare Industry: Part 2

Family Office Advisor Paul Simon discusses personally investing in pharmaceutical psychedelics to combat mental health issues.

PRIVATE WEALTH

June 16th, 2022

Mariner to Purchase $1B RIA Corbenic

The $60B Marnier made Corbenic its fourth acquisition of 2022.

PRIVATE WEALTH

June 14th, 2022

Fund Advertiser joins $15 billion EP Wealth

Jim Mocci exited $200 billion Fishers Investments for rising RIA EP Wealth Advisors.

PRIVATE WEALTH

June 6th, 2022

Four Staff Hired for Fieldpoint

The RIA and private bank landed people from B of A, BB&T, Fifth Third and M&T Bank.

PRIVATE WEALTH

June 2nd, 2022

Corporate Success Director Leaves Technology Startup

Amber McLeod has exited Crypto asset to RIA business Onramp Invest.

PRIVATE WEALTH

June 1st, 2022

MassMutual Buys Into RIA Investor Kudu

New York-headquartered Kudu has raised $800 million after opening in 2018

PRIVATE WEALTH

May 31st, 2022

Matt Fleissig Named CEO of Pathstone

The $35 billion investment advisor also named Kelly Margeni president.

PRIVATE WEALTH

May 31st, 2022

Family Office Exec Shares Insights into Direct Deals, Co-Investments and Governance Structures

Kristen Oliveri, Head of Private Wealth Content with Markets Group, sits down with Tommy Mayes, Managing Director, Executive Advisor, SunGate Capital, a single-family private equity and investment office, to discuss everything from the direct deal landscape to family governance and family office regulation.

PRIVATE WEALTH

May 25th, 2022

Pathstone Is in the Direct Lending Business

The $35 billion multi-family office bought Advisor Partners for an undisclosed amount.

PRIVATE WEALTH

May 24th, 2022

Axos Hires RIA Pro from Goldman Sachs

Chicago native Gino DeRango will develop and lead client acquisition.

PRIVATE WEALTH

May 23rd, 2022

NewEdge Names First CIO

The Connecticut startup awarded CFA Cameron Dawson its inaugural C-suite position.

PRIVATE WEALTH

May 11th, 2022

CCO, Corporate Strategist Join Phoenix Private Wealth Manager

Iryna Northrip and Dimple Shah tapped to lead $475B Advisor Group.

PRIVATE WEALTH

May 4th, 2022

Apollo to Roll Out HNW Retail Business Next Year

CEO Marc Rowan explained the new business model during Milken Institute Global Conference.

PRIVATE WEALTH

May 2nd, 2022

Edelman Names Goldman Sachs Veteran CFO

Suzanne van Staveren will take over as CFO for the $290 billion independent investment advisor and financial planner.

PRIVATE WEALTH

April 27th, 2022

How Family Offices Are Reshaping the Future of the Healthcare Industry: Part 1

Charles H. Hood Foundation at the forefront of pediatric research innovation with help of great-grandson.