RIAS

WealthFeed Secures $2 Million of Funding to Launch its Direct-to-Advisor AI-Powered Money-in-Motion Platform

Retrieved on: 
Tuesday, March 12, 2024
Registered investment adviser, Database, Private equity, Entrepreneurship, Intelligence, Service provider, Catalysis, AI, Investment banking, IBD, RIA, RIAS, Adviser

NEW YORK, March 12, 2024 /PRNewswire/ -- WealthFeed Inc ("WealthFeed"), the cutting-edge AI-powered organic growth platform for Financial Advisors, proudly announces the successful closure of a $2 million funding round.

Key Points: 
  • NEW YORK, March 12, 2024 /PRNewswire/ -- WealthFeed Inc ("WealthFeed"), the cutting-edge AI-powered organic growth platform for Financial Advisors, proudly announces the successful closure of a $2 million funding round.
  • Strategic investors include Thicket Ventures and executives from the Registered Investment Advisor (RIA), Investment Banking and Private Equity sectors.
  • The platform boasts a dynamic money-in-motion prospect database, offering Advisors extensive filtering capabilities to identify high-converting prospect opportunities, in real time.
  • "The trust demonstrated by our investors validates the exciting potential of our WealthFeed platform.

Fulcrum Equity Partners Announces $372M Fund V

Retrieved on: 
Tuesday, March 12, 2024
Partner, Environment, Insurance, RIAS, LP record, Investment

ATLANTA, March 12, 2024 /PRNewswire-PRWeb/ -- Fulcrum Equity Partners, an Atlanta-based growth equity firm, is proud to announce the final closing of Fulcrum Fund V at $372M. Fulcrum's original target aimed for $300M with a $350M hard cap, but due to investor demand, the Partners decided to increase the hard cap to accommodate new LPs.

Key Points: 
  • Fulcrum announces the final closing of their oversubscribed Fund V at $372M.
  • ATLANTA, March 12, 2024 /PRNewswire-PRWeb/ -- Fulcrum Equity Partners, an Atlanta-based growth equity firm, is proud to announce the final closing of Fulcrum Fund V at $372M.
  • Fulcrum has no plans to change its investment strategy with Fulcrum Fund V. However, the fund will be a stronger capital partner for investments by providing additional capital for faster growth, tuck-in acquisitions or shareholder liquidity through their lifecycles.
  • While Fund V includes more institutional investors such as insurance companies, endowments, and registered investment advisors (RIAs), it continues the long tradition of including top entrepreneurs and executives as LPs in the fund.

Flourish Cash Announces FDIC Insurance Coverage Increase, Tripling Coverage Available to Clients Over Past 12 Months

Retrieved on: 
Thursday, February 22, 2024
Safety, RIAS, Insurance, Fed, Orbit, FDIC, CRM, Allianz Life, APY, Bank

The increased FDIC insurance coverage will allow two-person households to be eligible to receive up to $20 million in FDIC insurance through a joint account and two individual accounts.

Key Points: 
  • The increased FDIC insurance coverage will allow two-person households to be eligible to receive up to $20 million in FDIC insurance through a joint account and two individual accounts.
  • As Flourish continues to expand its Program Bank network, it’s able to further increase the FDIC coverage offered to clients.
  • Flourish Cash clients are now eligible to receive up to $5M for individual, business, and nonprofit accounts and up to $10M for joint accounts.
  • RIAs can also incorporate their clients’ cash holdings into their core technology systems through integrations with major billing, reporting, and CRM providers.

Nasdaq Private Market Adds Michael Buono and Phil Germann to Capital Markets Division

Retrieved on: 
Wednesday, February 21, 2024
Transfer, SAN, Nasdaq Private Market, Senior, Fidelity, Capital market, Pennsylvania State University, NPM, UBS, University, RIAS, Settlement, EquityZen, Security (finance)

NEW YORK and SAN FRANCISCO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Nasdaq Private Market (NPM) , a leading marketplace for the efficient trading of private company stock, announced today that it has hired Michael Buono and Phil Germann as Directors within its Capital Markets division.

Key Points: 
  • NEW YORK and SAN FRANCISCO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Nasdaq Private Market (NPM) , a leading marketplace for the efficient trading of private company stock, announced today that it has hired Michael Buono and Phil Germann as Directors within its Capital Markets division.
  • They will both report into Sharif Khaleel, Managing Director and Head of Execution at Nasdaq Private Market.
  • At NPM, Mr. Buono and Mr. Germann will focus on sourcing transactions, business development, and product innovation.
  • “We are thrilled to welcome Michael and Phil to NPM,” commented Brett Mock, Senior Vice President and Head of Global Capital Markets at Nasdaq Private Market.

BlackRock to Acquire SpiderRock Advisors

Retrieved on: 
Friday, March 8, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, Acquisition, Risk management, AUM, SMA, BLK, SRA, RIAS, Spinal muscular atrophies, Financial adviser

BlackRock (NYSE: BLK) has agreed to acquire the remaining equity interest in SpiderRock Advisors (“SRA”), a leading provider of customized option overlay strategies in the U.S. wealth market.

Key Points: 
  • BlackRock (NYSE: BLK) has agreed to acquire the remaining equity interest in SpiderRock Advisors (“SRA”), a leading provider of customized option overlay strategies in the U.S. wealth market.
  • “By giving BlackRock more SMA capabilities, this acquisition will enable us to meet growing demand from wealth managers for personalized, tax-efficient portfolios.
  • “We are thrilled to fully join the BlackRock team, and to broaden access to SpiderRock Advisors’ options management solutions for both taxable and tax-exempt investors,” said Eric Metz, President and Chief Investment Officer of SpiderRock Advisors.
  • Jones Day acted as legal counsel for SpiderRock Advisors, LLC.

Moneta Merges in Third Colorado Firm, Expanding National RIA into Boulder

Retrieved on: 
Wednesday, March 6, 2024
Finance, Consulting, Banking, Professional Services, Asset Management, RIA, RIAS, Culture, Partner, AUM, Human, Partnership, Financial adviser

Moneta , a 100% partner-owned Registered Investment Adviser (RIA) firm, announces the addition of Amy Hiett and Mike Walsh as Partners.

Key Points: 
  • Moneta , a 100% partner-owned Registered Investment Adviser (RIA) firm, announces the addition of Amy Hiett and Mike Walsh as Partners.
  • The team formerly known as Juniper Wealth Advisors joins Moneta with about $279 million in assets under management (AUM), bringing Moneta up to approximately $34 billion AUM*.
  • “By bringing on top firms that share our vision and values, we all grow stronger.
  • Moneta expects to continue growing nationally in both new and existing markets by acquiring and merging in other like-minded advisors who appreciate the concept of shared equity in a partner-owned RIA.

F2 Strategy Acquires SKY Marketing Consultants, Elevates Wealth Management Services Offering by Blending Technology and Marketing

Retrieved on: 
Tuesday, March 5, 2024
Banking, Accounting, Professional Services, Fintech, Data Management, Technology, Asset Management, Other Professional Services, Marketing, Communications, Finance, Other Technology, Consulting, Acquisition, SKY, Growth, AUM, Consultant, RIAS, Financial services

F2 Strategy (“F2”), a leading wealth management technology services company, today announced the acquisition of a full-service, boutique marketing consultancy, SKY Marketing Consultants (“SKY”), which specializes in providing branding and marketing advisor services for wealth management firms and their advisors.

Key Points: 
  • F2 Strategy (“F2”), a leading wealth management technology services company, today announced the acquisition of a full-service, boutique marketing consultancy, SKY Marketing Consultants (“SKY”), which specializes in providing branding and marketing advisor services for wealth management firms and their advisors.
  • With the acquisition of SKY, F2 pairs its technology implementation and strategic consulting services with high-touch marketing strategies and solutions fit to serve firms across the wealth management industry.
  • Doug Fritz , CEO and co-founder at F2 Strategy, will lead the unified teams under the F2 brand.
  • For more information about F2 Strategy’s new combined technology and marketing consulting services, visit f2strategy.com .

Easterly Asset Management Partners with Leading Investment Management Firm, Harrison Street

Retrieved on: 
Monday, March 4, 2024
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Banking, RIAS, Barings LLC, Housing, Entrepreneurship, Partnership, Financial services

Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment managers, today announced a strategic partnership with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with $56 billion in assets under management as of 12/31/23.

Key Points: 
  • Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment managers, today announced a strategic partnership with Harrison Street, one of the leading investment management firms exclusively focused on alternative real assets with $56 billion in assets under management as of 12/31/23.
  • Headquartered in Chicago and London, Harrison Street will join Easterly to provide alternative real assets across North America and Europe to clients, expanding Harrison Street’s offerings to the U.S. private wealth space.
  • Harrison Street provides a series of differentiated investment solutions focused on demographic-driven, needs-based assets.
  • Easterly brings a seasoned distribution team to enhance Harrison Street’s asset potential and diversify its client base across channels.

Focused Wealth Management’s Philip J. DeAngelo Appointed to Schwab Advisor Services Advisory Board

Retrieved on: 
Tuesday, February 27, 2024
Asset Management, Professional Services, Finance, Advisory board, RIA, RIAS, DeAngelo, Financial adviser

Philip J. DeAngelo , managing director of Focused Wealth Management , an investment management firm serving clients in the individual, corporate, retirement plan, endowment and foundation marketplaces, has been named to the Schwab Advisor Services Advisory Board.

Key Points: 
  • Philip J. DeAngelo , managing director of Focused Wealth Management , an investment management firm serving clients in the individual, corporate, retirement plan, endowment and foundation marketplaces, has been named to the Schwab Advisor Services Advisory Board.
  • Described by Schwab as “one of our most important client listening posts for gathering insights from advisors,” DeAngelo has been appointed to a two-year term.
  • The Schwab Advisory Board, made up of just 20 members, assists Westlake, Texas based Charles Schwab’s Advisor Services business on issues of concern to the 15,000 independent financial advisors who have relationships with Schwab.
  • “Continuous listening is at the very foundation of the trusted relationships we have with our advisor clients,” said Jon Beatty, Chief Operating Officer at Schwab Advisor Services.

Orion, DPL Team Up to Bring Commission-Free Annuities to Advisors

Retrieved on: 
Tuesday, February 27, 2024
Software, Personal Finance, Finance, Asset Management, Consulting, Professional Services, Technology, Fintech, Investment, Consultant, Disability, DPL, RIAS, Insurance, Partnership, Financial adviser

“We’re excited to provide thousands of advisors with access to insurance products through Orion’s expanded partnership with DPL.

Key Points: 
  • “We’re excited to provide thousands of advisors with access to insurance products through Orion’s expanded partnership with DPL.
  • In an increasingly competitive advisory environment, advisors have told us that bringing their clients’ insurance under the fiduciary umbrella will help to differentiate their firm and offering,” said Brian McLaughlin, President of Orion Advisor Technology.
  • Robust data feeds from DPL into the Orion Advisor Technology platform enable management of annuity assets alongside other investments in the client’s portfolio.
  • “Commission-free annuities and insurance solutions are critical tools for fiduciary advisors to serve the holistic needs of their clients and grow their practices,” said DPL Founder and CEO David Lau.