Private Wealth News

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.