High-net-worth individual

$700 Million Advisor Team Joins UBS in Hartford, Connecticut

Retrieved on: 
Friday, November 17, 2023
Banking, Asset Management, Professional Services, Finance, UBS, Wealth management, Adviser, High-net-worth individual, State Street, Merrill (company), Financial services

UBS Wealth Management USA today announced that a four-person advisor team, The Keating group , has joined the firm.

Key Points: 
  • UBS Wealth Management USA today announced that a four-person advisor team, The Keating group , has joined the firm.
  • The team is led by Financial Advisors Maureen Keating, Michael DeCorleto and Matthew Marques, and also includes Wealth Management Associate Matthew Mardirosian.
  • Together, they manage approximately $700 million in client assets for high-net-worth individuals and families.
  • The Keating Group joins the UBS Greater New England Market and will be located in the Hartford office at One State Street, which is managed by William Cholawa and Andrew Babiak.

VBI Vaccines Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 14, 2023
Biotechnology, FDA, Other Health, Health, Pharmaceutical, Oncology, Research, Infectious Diseases, Science, COVID-19, Clinical Trials, Shekel, MLE, High-net-worth individual, Hepatitis B vaccine, GMT, HBsAg, Net, AASLD, Bank statement, Disease, GBM, Government, Administration, Patient, HBV, Research and development, Prison, Allergy, Fast track (FDA), Autoimmune disease, InSight, Liver, VBI, Messenger, Internationalized domain name, GAAP, Vaccine, Cancer, Partnership, R, Seroconversion, Growth, Infection, Israeli new shekel, Pharmaceutical industry, Video game, Rare-earth element, Cryptocurrency, Bank

VBI Vaccines Inc. (Nasdaq: VBIV) (VBI), a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease, today provided a business update and announced financial results for the quarter ended September 30, 2023.

Key Points: 
  • VBI Vaccines Inc. (Nasdaq: VBIV) (VBI), a biopharmaceutical company driven by immunology in the pursuit of powerful prevention and treatment of disease, today provided a business update and announced financial results for the quarter ended September 30, 2023.
  • Cost of Revenues: Cost of revenues was $2.5 million in the third quarter of 2023 as compared to $2.7 million in the third quarter of 2022.
  • Research and Development (R&D): R&D expenses for the third quarter of 2023 were $1.5 million as compared to $5.0 million for the third quarter of 2022.
  • Non-GAAP financial measures are meant to supplement, and to be viewed in conjunction with, GAAP financial results.

New Paper on Liability Management Shows Financial Advisors How to Optimize Client Wealth

Retrieved on: 
Wednesday, December 6, 2023
HNW, Oasis, SAN, Cosmopolitan Hotel, Fintech, Practice management, UHNW, T3, RIAS, Conference, SBL, Growth, Asset, High-net-worth individual, Risk management, Financial services, Bank, Sora

SAN FRANCISCO, Dec. 6, 2023 /PRNewswire/ -- Sora Finance, an easy-to-use decision-support software that helps wealth managers and financial advisors visualize, analyze, and act to optimize the liabilities side of their clients' balance sheets, today announced a new white paper that shows advisors how liability management provides significant benefits when added to a professional suite of comprehensive wealth management and financial advisory services. According to the paper, today's clients need and expect financial advisors to look beyond the assets side of their balance sheet to help them optimize their liabilities. Historically, advisors have been hindered by a lack of access to timely and reliable liability data for their clients. 

Key Points: 
  • According to the paper, today's clients need and expect financial advisors to look beyond the assets side of their balance sheet to help them optimize their liabilities.
  • Historically, advisors have been hindered by a lack of access to timely and reliable liability data for their clients.
  • "High net worth individuals expect their wealth management team to offer liability management capabilities,' said O'Connell.
  • Wealth managers have a huge opportunity to grow their HNW client base by engaging in liability management conversations."

Cohen & Company Expands into Western New York

Retrieved on: 
Monday, November 13, 2023
Acquisition, PEAR, Consultant, BBD, Partnership, High-net-worth individual, Financial services, Szymkowiak

CLEVELAND and BUFFALO, N.Y., Nov. 13, 2023 /PRNewswire/ -- Szymkowiak & Associates CPAs (Szymkowiak) and PEAR Consultants, LLC (PEAR) are joining Cohen & Company, one of the top tax and accounting firms in the U.S. The firms, who share an office location, are based in Buffalo and serve clients across the country. The transaction is expected to close in December 2023.

Key Points: 
  • PEAR is a tax consulting firm with a specialized focus on state residency services and audit defense for ultra-high-net-worth individuals.
  • "This market expansion fits perfectly into our overall strategic growth plan, and the resulting synergies will be meaningful for all parties," says Cohen & Company CEO Chris Bellamy.
  • All professionals of Szymkowiak and PEAR are expected to join Cohen & Company when the transaction closes.
  • Koltin Consulting Group served as an adviser to Cohen & Company on this transaction, which is the second acquisition announcement from Cohen & Company this year.

BIGG Digital Assets Inc. Provides Update on Netcoins Regulatory Licensing

Retrieved on: 
Tuesday, October 10, 2023
Crypto, OTC, CIRO, Growth, High-net-worth individual, CSE, Cryptocurrency

VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins ( Netcoins.ca ) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, is pleased to provide an update on operations.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 10, 2023 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Netcoins ( Netcoins.ca ) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for North Americans to buy, sell, and understand cryptocurrency, is pleased to provide an update on operations.
  • Netcoins Inc. (“Netcoins” or the “firm”) is pleased to announce that the firm’s restricted dealer registration with Canadian securities regulators has been extended for a further two year period.
  • The firm’s principal regulator and the other securities regulators in Canada approved the related exemptive relief effective October 6, 2023.
  • You can learn more about Netcoins OTC business on our Website https://www.netcoins.com/ca/private-wealth-otc/
    “I'm thrilled to be joining the team at Netcoins.

Portugal Pathways: Portugal's NHR Tax Regime updates and what existing and new wealthy expats need to know

Retrieved on: 
Friday, October 13, 2023
Education, NHR, Life, High-net-worth individual, Tax exemption, ITS, WDF, Health insurance, Life insurance, Pharmaceutical industry

LISBON, Portugal, Oct. 13, 2023 /PRNewswire/ -- Portugal's Non-Habitual Residency (NHR) tax regime is coming to an end for new entrants in 2024.

Key Points: 
  • LISBON, Portugal, Oct. 13, 2023 /PRNewswire/ -- Portugal's Non-Habitual Residency (NHR) tax regime is coming to an end for new entrants in 2024.
  • The Portuguese government has released its first draft review of the potential ending of the NHR tax regime in 2024.
  • Despite the changes to the NHR tax regime, Portugal remains a popular destination for affluent expats.
  • The changes to the NHR tax regime will have a significant impact on affluent expats, both existing and new.

Sanctuary Wealth Congratulates Gerry Spitzer of Questar Capital Partners on His Appointment as President of Exit Planning Institute's New Jersey Chapter

Retrieved on: 
Thursday, October 5, 2023
Partnership, CRPC, High-net-worth individual, Spitzer, EPI, ESOP, CPWA, Chapter, CEPA, UBS, CPA, Financial adviser, Construction, Sanctuary, Questar

INDIANAPOLIS, Oct. 5, 2023 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), home to the next generation of elite advisors, congratulates Questar Capital Partners (Questar) founder, Gerry Spitzer, CPA, CPWA, CEPA, CRPC, on his appointment as President of the newly formed Exit Planning Institute's (EPI) New Jersey chapter. Questar will also begin offering its business succession planning services to advisors affiliated with Sanctuary Partner Firms – another important service the firm provides its advisors to enhance their client service.

Key Points: 
  • INDIANAPOLIS, Oct. 5, 2023 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), home to the next generation of elite advisors, congratulates Questar Capital Partners (Questar) founder, Gerry Spitzer, CPA, CPWA, CEPA, CRPC, on his appointment as President of the newly formed Exit Planning Institute's (EPI) New Jersey chapter.
  • Questar will also begin offering its business succession planning services to advisors affiliated with Sanctuary Partner Firms – another important service the firm provides its advisors to enhance their client service.
  • New Jersey-based Questar had been part of UBS for years before choosing partnered independence with Sanctuary in 2022.
  • Questar has built an impressive practice by providing wealth management services to business owners and high-net-worth individuals and families.

Vega exits stealth with over $8 million in funding to reshape wealth management

Retrieved on: 
Tuesday, September 26, 2023
Elliott Blackstone, Fintech, High-net-worth individual, Citibank, Financial Conduct Authority, Lead, KKR, Blackstone, Goldman Sachs, Investment, FRN, Engineering, GFC, Permira, Financial services, Financial adviser, Casino

"As a new generation of high-net-worth individuals emerges, we are building the financial products and technological infrastructure the wealth management industry needs to serve them," says Alexis Augier, founder and CEO of Vega.

Key Points: 
  • "As a new generation of high-net-worth individuals emerges, we are building the financial products and technological infrastructure the wealth management industry needs to serve them," says Alexis Augier, founder and CEO of Vega.
  • "Our goal is to provide a unified wealth management platform that transforms the experience for end-users while equipping advisors with institutional-grade solutions."
  • These will help wealth advisors and their clients unlock liquidity from — and optimise the management of — complex financial assets.
  • By combining financial expertise with technology, Vega is truly levelling the playing field in wealth management" says Robin Godenrath, Managing Director and Founding Partner at Picus Capital.

The Francis Group at LPL Launches in California by Joining LPL Strategic Wealth Services

Retrieved on: 
Monday, September 18, 2023
Morgan Stanley, Francis, Business development, High-net-worth individual, LPL Financial, Culture, CFO, LPL, Financial services, Management

They chose to affiliate with LPL’s supported independence model, LPL Strategic Wealth Services .

Key Points: 
  • They chose to affiliate with LPL’s supported independence model, LPL Strategic Wealth Services .
  • The Francis Group reported having served approximately $1.2 billion in advisory, brokerage and retirement plan assets*.
  • Their due diligence led them to LPL Strategic Wealth Services.
  • “Now we can grow and build the firm as we’d like, with the expanded resources and experience from the LPL Strategic Wealth Services team,” Chris Francis said.

UBS hires five-person advisor team in Greenwich, CT

Retrieved on: 
Thursday, September 21, 2023
Professional Services, Finance, Consulting, Asset Management, Banking, Accounting, College, Roanoke College, Keith, High-net-worth individual, Adviser, Wittenberg University, UBS, Retirement, St Kevin's College, Dublin, Financial adviser

UBS Wealth Management USA today announced that a five-person team, The Coutant Group, has joined the firm.

Key Points: 
  • UBS Wealth Management USA today announced that a five-person team, The Coutant Group, has joined the firm.
  • The team is led by Financial Advisors Kevin Coutant and Keith Coutant, who bring nearly 50 years of combined industry experience.
  • They join the UBS Soundview Wealth Management Market, led by Mara Glassel, and will be based in the firm’s Greenwich, CT office, managed by Erin McDonald.
  • “On behalf of UBS, we’re excited to welcome Kevin, Keith and their entire team to the firm,” said Mara Glassel, Soundview Market Executive at UBS Wealth Management.