[ad_1]
new business
Zedra
A financial services provider has opened a private wealth office in South Dakota.
This strengthens the company’s presence in the Americas and expands its offering in the US private wealth space.
Led by Managing Director John Olson, the office offers a range of trust administration services tailored to international clients.
M&A
pass stone
The family office company has received a strategic equity investment from private equity firm Kelso & Company.
Financial terms of the deal were not disclosed.
Kelso joins Lovell Minnick Partners (LMP), which has stood alongside Pathstone since 2019, with additional capital commitments in its next chapter of growth.
Pathstone serves families, individuals, family offices, foundations and foundations with over $80 billion (£66 billion, €75 billion) in assets across 17 offices.
Captrust Financial Advisors
The advice firm has acquired Houston-based Monroe Voss Consulting for an undisclosed amount.
Founded in 1994 by Jim Monroe and Tim Vos, Monroe Vos also has offices in Birmingham, Alabama.
The company brought an entire team of 17 colleagues and more than $5.8 billion in assets to Captrust.
The deal will be Captrust’s first in 2023 and the 64th since 2006.
Falcon Wealth Planning
The advice firm acquired San Jose-based Rivermark Wealth Management for an undisclosed amount.
Principal of Rivermark Wealth Management, Ron Guay founded his company after entering the corporate finance industry before pivoting into personal finance and tax planning.
creative planning
A wealth manager purchased the advice firm Telarray Advisors for an undisclosed amount.
Telarray has $1 billion in assets under management and 18 employees participating in the creative planning department.
Prime Capital Investment Advisors
Advice Firm Cornerstone Comprehensive Wealth Management, a registered investment advisor based in Nevada, did not disclose the amount.
The acquisition will be PCIA’s first location in Nevada and will add $400 million to assets under management.
movement of people
Wealth of Sanctuary
Advice Network has appointed David Vaughan as Chief Financial Officer.
Vaughan most recently served as Chief Financial Officer at Axos Clearing, where he led multiple teams serving over 70 broker-dealers and over 220 Registered Investment Adviser (RIA) firms.
Integrated financial partner
The financial planning and asset management firm has hired John Piantedosi as Chief Operating Officer.
Piantedosi joins after spending most of his career at Fidelity Investments in various roles including Director, Product Manager and Wealth Advisor Solutions.
First Republic Bank
The private bank and wealth management firm has hired a team of six led by Alexander Kadish, Nicholas Davey and JP Garofalo.
Kadish and Davey have been named Managing Director and Wealth Manager respectively. Garofalo has been appointed Vice President and Wealth Manager.
The team comes from Merrill Lynch Wealth Management.
New Edge Wealth
The RIA company hired Hunter Gehring as a principal.
Prior to joining NewEdge Wealth, he served as Vice President and Senior Client Advisor at Arvest Wealth Management.
Raymond James
Financial Advisor has joined Wealth Farm in Naples, Florida.
Operating as Weisberg Wealth Management, Weisberg includes Client Service Associates Nancy Comparetto and Cheryl Krebs.
The team will join from UBS Financial Services.
[ad_2]
Source link
