RIAS

StratCap Expands Management Team with Two Key Hires

Retrieved on: 
Monday, February 26, 2024
Finance, Banking, Professional Services, Other Technology, Technology, Record, RIA, Acquisition, RIAS, Senior, Growth, National accounts

StratCap, a global alternative investment management platform, is proud to announce that it has expanded its executive leadership team with the addition of two key professionals in Katie Peterson as Vice President of National Accounts and Andre Hatibi as Vice President of Internal Sales.

Key Points: 
  • StratCap, a global alternative investment management platform, is proud to announce that it has expanded its executive leadership team with the addition of two key professionals in Katie Peterson as Vice President of National Accounts and Andre Hatibi as Vice President of Internal Sales.
  • Katie Peterson has over 12 years of experience in the financial services industry and joins StratCap from Cantor Fitzgerald where she served as Senior Vice President of National Accounts.
  • In her role at StratCap, she is charged with leading the company’s National Accounts efforts, taking responsibility for building, maintaining, and maximizing relationships with broker dealers, RIAs, key stakeholders, and due diligence officers.
  • "We are thrilled to welcome Katie and Andre to the team," said Jim Condon, Managing Partner of StratCap.

Meketa Capital Welcomes Additional Equity Owners, Board Members

Retrieved on: 
Thursday, February 22, 2024
Consulting, Banking, Professional Services, Finance, CFO, RIA, Growth, Geography, CUSIP, Policy, RIAS, AEW, Capital, Registered investment adviser, Security (finance)

Meketa Capital, LLC (“Meketa Capital”), a newly-launched subsidiary of Meketa Investment Group focused on delivering private markets investment solutions to financial intermediaries and their clients, today announced additional equity ownership in the firm and the appointment of several individuals to the firm’s Board.

Key Points: 
  • Meketa Capital, LLC (“Meketa Capital”), a newly-launched subsidiary of Meketa Investment Group focused on delivering private markets investment solutions to financial intermediaries and their clients, today announced additional equity ownership in the firm and the appointment of several individuals to the firm’s Board.
  • In this agreement, Ashley Widger, through the entity AEW, has become an equity owner and growth capital provider to Meketa Capital.
  • In addition, Michael Bell, CEO of Meketa Capital, has become an equity owner of the firm, effective February 1.
  • “I am confident that Meketa Capital is positioned to even more effectively and efficiently serve the financial advisor community and to meet the needs of today’s sophisticated individual investor.”
    In addition to expanding its equity ownership and welcoming new Board members, Meketa Capital has furthered its affiliation with privately held registered investment advisor Primark Capital, announcing that the Primark Private Equity Investments Fund has been renamed as the Primark Meketa Private Equity Investments Fund, effective January 1.

Star Mountain Capital Bolsters its Secondaries and Client Services Team Adding Warren DeKinder as a Managing Director Based in Dallas

Retrieved on: 
Thursday, February 22, 2024
Asset Management, Professional Services, Finance, Janus, Philosophy, Senior, ING Group, Research, Janus Henderson, University of Oklahoma, Star, AUM, NN Group, CFA Institute, CFA, Consultant, Starr Mountain, University, FINRA, Intech, RIAS, Financial adviser

Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Warren DeKinder has joined as a Managing Director based in Star Mountain’s Dallas office, one of its team’s 20+ locations nationwide.

Key Points: 
  • Star Mountain Capital , LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlated returns for its global institutional and high-net-worth investors is pleased to announce that Warren DeKinder has joined as a Managing Director based in Star Mountain’s Dallas office, one of its team’s 20+ locations nationwide.
  • View the full release here: https://www.businesswire.com/news/home/20240222525972/en/
    Star Mountain Capital Managing Director, Warren DeKinder, CFA (Photo: Business Wire)
    Warren DeKinder has 30+ years of leadership experience advising and recommending strategic investment solutions to some of the world’s largest and most sophisticated institutions and private clients.
  • “We are excited for Warren to join other Dallas based senior team members Managing Director Chris Goodwin and Senior Advisors Rob Kaplan and Tom Tull .
  • Mr. DeKinder is a Chartered Financial Analyst (CFA) and is a member of the CFA Institute, as well as the Dallas Society of Financial Analysts.

Cambridge Savings Bank Leads $45M Participation Loan for Modera Wealth Management, LLC’s Transaction with Parsec Financial Management, Inc.

Retrieved on: 
Thursday, February 22, 2024
Banking, Professional Services, Finance, Savings bank, CSB, Growth, Treasury management, Attention, RIAS, Parsec, Partnership, Financial services

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it was the lead bank in a $45 million participation loan for Modera Wealth Management, LLC (Modera)’s transaction with Parsec Financial Management, Inc (Parsec).

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, today announced that it was the lead bank in a $45 million participation loan for Modera Wealth Management, LLC (Modera)’s transaction with Parsec Financial Management, Inc (Parsec).
  • Modera oversees more than $11.4 billion in assets as of October 1, 2023 with more than 190 employees, including 83 Certified Financial Planners®, across 16 offices.
  • “Our partnership with Cambridge Savings Bank has been instrumental during this period of strategic growth,” said Orecchio.
  • Following this transaction, Modera has continued to operate as an independent entity, maintaining majority ownership and control by its employees.

Advyzon Announces New Custody and Retail Investment Infrastructure Integration with Apex Advisor Solutions

Retrieved on: 
Thursday, February 22, 2024
Technology, Personal Finance, Finance, Fintech, Banking, Professional Services, Software, Internet, Asset Management, Transfer, ACAT, API, RIA, GM, Financial Information eXchange, Automated clearing house, AIM, Conference, Exchange, FIX, ACH, CRM, RIAS, Apex, Workflow, Financial adviser

Advyzon , a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers, today announced a new custody and retail investment infrastructure integration with Apex Advisor Solutions , a division of Apex Fintech Solutions Inc. (Apex) that empowers the future of wealth management with digital custody and clearing provided through Apex Clearing Corporation.

Key Points: 
  • Advyzon , a comprehensive service and technology platform and portfolio management solution for financial advisors and investment managers, today announced a new custody and retail investment infrastructure integration with Apex Advisor Solutions , a division of Apex Fintech Solutions Inc. (Apex) that empowers the future of wealth management with digital custody and clearing provided through Apex Clearing Corporation.
  • Registered Investment Advisors (RIAs) use Apex’s robust custody and clearing platform and capital structure to administer their client investment accounts, from real-time onboarding and account funding, to custody, trading, clearing, and cost basis and tax reporting.
  • The integration includes new account opening workflows, initial account funding, money movement, custodian fee file submission, and FIX trading.
  • “At Apex, we're laser-focused on boosting RIA efficiency," explained Olivia Eisinger, GM of Advisory at Apex Fintech Solutions.

Eyeing Transformative Growth in 2024, Leading Liberator in the Wealth Management Space Announces Strategic Appointment

Retrieved on: 
Tuesday, February 20, 2024
Finance, Consulting, Professional Services, Asset Management, Fintech, RIA, Mentorship, Network, Charles Schwab, RIAS, Management

Dynasty Financial Partners, a leading wealth management platform for independent firms, today announced that industry veteran Tim Oden has joined as an Executive-in-Residence for 2024.

Key Points: 
  • Dynasty Financial Partners, a leading wealth management platform for independent firms, today announced that industry veteran Tim Oden has joined as an Executive-in-Residence for 2024.
  • Currently, 52 firms representing 330 advisors comprise the Dynasty network, and the firm maintains over $88 billion on its core technology platform (As of December 2023).
  • Dynasty’s unique Executive-in-Residence program was created to bolster the firm’s commitment to and offerings for independent financial advisors by strategically leveraging the expertise of wealth management executives who have founded successful businesses.
  • Today’s appointment signals a tipping point for Dynasty as it shifts into high gear navigating increasingly complex situations of unprecedented size and scope.

LV Distribution and Pacific Income Advisers (PIA) Unite in Strategic Partnership to Expand U.S. Taxable Fixed Income Strategies Reach

Retrieved on: 
Tuesday, March 5, 2024
Family, Financial intermediary, RIAS, PIA, High-yield debt, Registered investment adviser, Core, Partnership, Financial adviser

This collaboration marks a significant milestone for LV Distribution, as it advances towards broadening its offerings and providing U.S. taxable fixed income strategies to clients.

Key Points: 
  • This collaboration marks a significant milestone for LV Distribution, as it advances towards broadening its offerings and providing U.S. taxable fixed income strategies to clients.
  • Since its inception in 1986, Pacific Income Advisers has managed fixed income strategies with a disciplined, fundamental investment approach.
  • "We are thrilled to partner with Pacific Income Advisers, a distinguished firm with a rich legacy of expertise in income strategies," said Edward Soltys, Head of LV Distribution.
  • "At Pacific Income Advisers, we are excited about the opportunity to work with LV Distribution and expand our reach to a wider audience", said Lloyd McAdams, President at Pacific Income Advisers.

ANNOUNCING ENVESTNET ELEVATE 2024 - THE WEALTH INDUSTRY'S PREMIER EVENT SHOWCASING ENVESTNET'S INDUSTRY-LEADING, CONNECTED ECOSYSTEM POWERING GROWTH FOR 108,000 ADVISORS

Retrieved on: 
Monday, March 4, 2024
Intelligence, TED (conference), Transport, Fintech, Retirement, Communication, Elevate, Ecosystem, Author, Adviser, RIAS, Trust, Passion, Journalist, Phoenix Convention Center, Enterprise

BERWYN, Pa., March 4, 2024 /PRNewswire/ -- Envestnet's industry-leading Wealth Management Platform will take center stage as Envestnet welcomes 3,000 financial advisors and financial professionals to its annual industry conference – Envestnet Elevate 2024, to be held May 14-15 at the Phoenix Convention Center in Phoenix, AZ. Celebrating its 25th anniversary this year, Envestnet has chosen a theme for the two-day event that resonates deeply with wealth management professionals: "Connection."

Key Points: 
  • Celebrating its 25th anniversary this year, Envestnet has chosen a theme for the two-day event that resonates deeply with wealth management professionals: "Connection."
  • "Our focus this year at Envestnet Elevate 2024 is to demonstrate and showcase the power of our fully connected wealth management platform – and celebrate what connects us.
  • "At Elevate 2024, helping advisors leverage the Envestnet ecosystem for business growth is front and center.
  • The future of connected financial advice is on display at Envestnet Elevate this May – don't miss out.

BNY Mellon's Pershing Announces New Client Relationship with Ashton Thomas Securities, an Arax Investment Partners Firm

Retrieved on: 
Monday, March 4, 2024
BNY Mellon Investment Management, BNY Mellon, RIA, RIAS, Aras (river), BK, Financial adviser

NEW YORK, March 4, 2024 /PRNewswire/ -- BNY Mellon's Pershing (NYSE: BK), a leading provider of global financial business solutions, announced today it will support Ashton Thomas Securities, an independent broker-dealer and registered investment advisor (RIA) owned by Arax Investment Partners ("Arax"), with clearing and custody solutions. 

Key Points: 
  • Ashton Thomas Securities, formerly called Excel Securities, was acquired by Arax in December 2023 to serve as the hybrid broker-dealer for Ashton Thomas Private Wealth, an Arax advisory firm.
  • Arax is an asset and wealth management platform company backed by private equity firm RedBird Capital Partners that supports RIAs, wealth managers and advisor teams seeking to scale their businesses and expand their client offerings.
  • As part of the agreement, advisors from Ashton Thomas Securities will also be able to use BNY Mellon Precision Direct Indexing , which is offered by BNY Mellon Investment Management.
  • "Offering the capabilities of BNY Mellon Investment Management through Pershing provides Ashton Thomas Securities' advisors with a compelling direct indexing solution."

WealthManagement.com Recognizes Client-First Top Firms In Second Annual RIA Edge 100

Retrieved on: 
Friday, March 1, 2024
Wealth management, Informa, RIA, Growth, AUM, Certification, CFP, Data analysis, RIAS, Editorial, Financial adviser

NEW YORK, March 1, 2024 /PRNewswire/ -- WealthManagement.com , the leading digital resource for financial advisors and wealth management professionals, today releases the second annual RIA Edge 100 list , meant to spotlight registered investment advisory (RIA) firms that balance exceptional growth with a steadfast focus on delivering an exceptional client experience and running a professionally managed business.

Key Points: 
  • NEW YORK, March 1, 2024 /PRNewswire/ -- WealthManagement.com , the leading digital resource for financial advisors and wealth management professionals, today releases the second annual RIA Edge 100 list , meant to spotlight registered investment advisory (RIA) firms that balance exceptional growth with a steadfast focus on delivering an exceptional client experience and running a professionally managed business.
  • The RIA Edge 100 is compiled by the Wealth Management IQ team and Institutional Shareholder Service's Discovery Data team.
  • There is no rank order to the firms chosen, and no application process.
  • "After the tremendous response from the RIA community to the inaugural RIA Edge 100 list, we knew this could be an ongoing, annual celebration of the firms that continue to rise to the top when it comes to sustainable and responsible growth," said David Armstrong, managing director of editorial and content strategies for the Wealth Management Group at Informa.