RIAS | Jotup

GoldenTree Asset Management Hires John Edenbach to Continue to Expand its Wealth Management Business

Retrieved on:

Monday, April 15, 2024

Asset Management, Professional Services, Finance, Multimedia, Wealth management, History, Partnership, RIAS, Babson College, Investment, GoldenTree Asset Management, Financial adviser

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with nearly $55 billion in assets under management, today announced the hiring of John Edenbach as Managing Director, based in New York.

Key Points:

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with nearly $55 billion in assets under management, today announced the hiring of John Edenbach as Managing Director, based in New York.
Mr. Edenbach will focus on business development, working to expand GoldenTree’s existing efforts in Wealth Management.
He will report to Claudio Macchetto, Managing Director and Head of North American Wealth Management, at GoldenTree.
Mr. Edenbach brings over 20 years’ experience in wealth management, having also worked in Merrill Lynch’s Alternative Investments business for almost two decades.

Altruist Responds to Advisor Feedback with Simply Better Pricing

Retrieved on:

Friday, April 12, 2024

Finance, Professional Services, Apps, Applications, Technology, Software, NTF, Schwab, ETF, Altruism, RIAS, Financial adviser

Altruist introduced an updated fee schedule, a direct result of the feedback received from its advisor community.

Key Points:

Altruist introduced an updated fee schedule, a direct result of the feedback received from its advisor community.
The new fee schedule reflects simple, transparent, industry leading pricing, aimed to objectively improve client outcomes and make independent financial advice more accessible.
To reduce overall costs and complexity, Altruist eliminated or zeroed out over 50 line items from the previous schedule.
The new fee schedule is available in an intuitive brochure that any advisor or client can easily understand.

Security Benefit’s “RIA Economic Outlook Index” sees mildly positive financial conditions over next 12 months

Retrieved on:

Thursday, April 11, 2024

Personal Finance, Professional Services, Insurance, Finance, Pulse, Federal Reserve, Investment, RIAS, Risk, Thought, Partnership, Research, RIA, Optimism, Fed, Financial adviser

“We see a more positive outlook from RIAs as the Fed continues to keep rates higher for longer to curb sticky inflation,” added Reidy.

Key Points:

“We see a more positive outlook from RIAs as the Fed continues to keep rates higher for longer to curb sticky inflation,” added Reidy.
Fifty-six percent believe the rate of inflation will only grow between 2-2.9% over the next 12 months.
Each respondent’s total score represents the sum of their responses to the five questions, divided by five.
RIAs were the primary focus given their pulse on the market and representation of a wide breadth of clients.

Mission Wealth Named Among USA TODAY's Top Financial Advisory Firms in 2024

Retrieved on:

Wednesday, April 24, 2024

Partnership, RIAS, Growth, RIA, Financial adviser

SANTA BARBARA, Calif., April 24, 2024 /PRNewswire/ -- Mission Wealth , a leading provider of personalized financial and investment strategies, is proud to announce that it has been named one of USA TODAY's Best Financial Advisory Firms of 2024.

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SANTA BARBARA, Calif., April 24, 2024 /PRNewswire/ -- Mission Wealth , a leading provider of personalized financial and investment strategies, is proud to announce that it has been named one of USA TODAY's Best Financial Advisory Firms of 2024.
This prestigious ranking is a testament to Mission Wealth's steadfast commitment to providing exceptional financial guidance and personalized service to clients across the nation.
Ranked among the top RIAs, Mission Wealth has distinguished itself through exceptional asset management and personalized financial planning.
Ranked among the top RIAs, Mission Wealth has distinguished itself through exceptional asset management and personalized financial planning.

LV Distribution partners with Capital Fund Management

Retrieved on:

Tuesday, April 23, 2024

Partnership, Registered investment adviser, Capital Fund Management, RIAS, Research, CFM, Family

NEW YORK, April 23, 2024 /PRNewswire/ -- LV Distribution, a third-party asset management distribution company, proudly announces a partnership with Capital Fund Management (CFM), a globally recognized quantitative investment firm.

Key Points:

NEW YORK, April 23, 2024 /PRNewswire/ -- LV Distribution, a third-party asset management distribution company, proudly announces a partnership with Capital Fund Management (CFM), a globally recognized quantitative investment firm.
This collaboration is a significant development for LV Distribution, combining CFM's award-winning quantitative investment strategies with the distribution capabilities of LV Distribution.
"We are delighted to announce our partnership with Capital Fund Management, an established firm synonymous with pioneering research and innovation in the field of quantitative investment," said Edward Soltys, Head of LV Distribution. "
Both LV Distribution and CFM share a commitment to excellence and innovation, and this collaboration exemplifies LV Distribution's commitment to offering our clients access to cutting-edge investment strategies."

Shopoff Realty Investments Promotes Christy Hutchison to Senior Vice President, National Accounts

Retrieved on:

Tuesday, April 23, 2024

RIAS, Pacific Northwest, History, Investment, Growth, Broker-dealer, RIA

IRVINE, Calif., April 23, 2024 /PRNewswire/ -- Shopoff Realty Investments ("Shopoff"), a national manager of opportunistic and value-add real estate investments, announced today that Christy Hutchison has been promoted to senior vice president, national accounts.

Key Points:

IRVINE, Calif., April 23, 2024 /PRNewswire/ -- Shopoff Realty Investments ("Shopoff"), a national manager of opportunistic and value-add real estate investments, announced today that Christy Hutchison has been promoted to senior vice president, national accounts.
"Christy has been an essential member of the Shopoff distribution team for more than seven years, expanding and nurturing our relationships with the broker-dealer community, registered investment advisors (RIAs) and family offices," explained Shopoff Realty Investments President and CEO William Shopoff.
Ms. Hutchison joined Shopoff in 2017 as a national accounts manager and was later promoted to director, national accounts.
In her new role as senior vice president, national accounts, Ms. Hutchison will play a pivotal role in the company's growth and expansion by driving business development initiatives and managing strategic partnerships with RIAs, broker-dealers and family offices.

Archax Increases Tokenised Money Market Fund Offerings

Retrieved on:

Tuesday, April 23, 2024

Ethereum, Ecosystem, Investment, Treasury, RIAS, Risk, NAV, RWA, Partnership, FCA, BlackRock, MMF, Cryptocurrency

LONDON, April 23, 2024 /PRNewswire/ -- Archax, the first FCA regulated digital asset exchange, broker and custodian, today announced that it is expanding the range of fund shares it offers in tokenised form with the provision of the BlackRock ICS US Treasury money market fund1 (MMF), in partnership with the HBAR Foundation. This builds on its launch of tokenised access to abrdn's MMFs last year, which Archax has created on both the Hedera and Ethereum blockchains.

Key Points:

This builds on its launch of tokenised access to abrdn's MMFs last year, which Archax has created on both the Hedera and Ethereum blockchains.
This additional BlackRock MMF, along with existing offerings, are all available directly on the Archax platform, as well as through connected networks.
The first transaction of tokenised shares of the BlackRock MMF, which was also tokenised on Hedera, the open-source, proof-of-stake public ledger, was completed across the Ownera FinP2P digital asset network.
1A Money Market Fund (MMF) is not a guaranteed investment vehicle.

FIDX Launches FIDX Desk, Enabling Registered Investment Advisors to Easily Incorporate Annuity Solutions into Their Business*

Retrieved on:

Tuesday, April 23, 2024

OID, Ecosystem, Investment, RIAS, Insurance, Envestnet, RIA, CFA, Financial adviser

BERWYN, Pa., April 23, 2024 /PRNewswire/ -- Today, Fiduciary Exchange LLC (FIDX) and its broker dealer, FIDX Markets, announces the launch of FIDX Desk, a new outsourced insurance desk (OID). FIDX Desk will enable RIAs and fee-based financial professionals to effortlessly integrate annuity products into their offerings, regardless of their insurance licensing status.

Key Points:

FIDX Desk will enable RIAs and fee-based financial professionals to effortlessly integrate annuity products into their offerings, regardless of their insurance licensing status.
FIDX Desk is a comprehensive digital solution for annuity management.
It tackles the obstacles Registered Investment Advisors face, enabling them to present the potential advantages of annuity solutions—such as income and legacy planning—to their clients.
"By simplifying access to the annuity market, we're enabling financial professionals to significantly enhance their portfolio services.

Essential Edge Compliance Outsourcing Services Names Alex David to Advisory Board

Retrieved on:

Tuesday, April 23, 2024

SANTA FE, N.M., April 23, 2024 /PRNewswire/ -- Essential Edge Compliance Outsourcing Services, LLC (Essential Edge), which provides third-party compliance services for broker-dealers and registered investment advisers (RIAs), has appointed wealth management industry leader Alex David to its Advisory Board. Mr. David currently serves as Division Director at Raymond James Financial Services and brings over 30 years of experience to the Board, having held leadership positions at some of the nation's pre-eminent financial services firms.

Key Points:

SANTA FE, N.M., April 23, 2024 /PRNewswire/ -- Essential Edge Compliance Outsourcing Services, LLC (Essential Edge), which provides third-party compliance services for broker-dealers and registered investment advisers (RIAs), has appointed wealth management industry leader Alex David to its Advisory Board.
Mr. David currently serves as Division Director at Raymond James Financial Services and brings over 30 years of experience to the Board, having held leadership positions at some of the nation's pre-eminent financial services firms.
"I'm thrilled to welcome Alex to our already distinguished Advisory Board , which has been instrumental in providing thoughtful guidance and impactful insights to the Essential Edge leadership team," said Sander Ressler, Co-Owner and Managing Director.
"I'm honored to join the Essential Edge Advisory Board," said Mr. David.

Miracle Mile Advisors Enhances C-suite by Hiring Matt Dmytryszyn to Serve as Chief Investment Officer

Retrieved on:

Thursday, April 18, 2024

University, RIAS, Mentorship, Housing, Russell Investments, Research, United Way, Growth, History, RIA, CFA, Investment

LOS ANGELES, April 18, 2024 /PRNewswire/ -- Miracle Mile Advisors ("Miracle Mile" or "the firm") – a national, award-winning and independent registered investment advisor (RIA) offering highly customized, holistic wealth management services to high-net-worth clients across the nation – today announced it appointed Matt Dmytryszyn, CFA, as Chief Investment Officer.

Key Points:

LOS ANGELES, April 18, 2024 /PRNewswire/ -- Miracle Mile Advisors ("Miracle Mile" or "the firm") – a national, award-winning and independent registered investment advisor (RIA) offering highly customized, holistic wealth management services to high-net-worth clients across the nation – today announced it appointed Matt Dmytryszyn, CFA, as Chief Investment Officer.
In this role, Dmytryszyn will lead the firm's Investments Team, chair the investment committee and direct Miracle Mile's research agenda.
Most recently, Dmytryszyn served as Chief Investment Officer for Telemus Capital, a $3 billion RIA Kovitz Investment Group Partners acquired in March.
In 2022, Miracle Mile merged with Karp Capital Management and received investment from private equity firm Corsair Capital.