RIAS

Leon Capital Expands Leadership Team, Names Cory Calvert Head of Capital Formation

Retrieved on: 
Wednesday, January 24, 2024

DALLAS, Jan. 24, 2024 /PRNewswire/ -- Leon Capital Group (Leon), a diversified holding company with operating businesses in the real estate, healthcare, technology, and financial services industries, announced it has named Cory Calvert as Head of Capital Formation for Leon's investment management company.

Key Points: 
  • DALLAS, Jan. 24, 2024 /PRNewswire/ -- Leon Capital Group (Leon), a diversified holding company with operating businesses in the real estate, healthcare, technology, and financial services industries, announced it has named Cory Calvert as Head of Capital Formation for Leon's investment management company.
  • As head of capital formation, Calvert is responsible for the strategic development of Leon's fund management business.
  • Fernando De Leon, CEO of Leon Capital Group noted, "Over the last 15 years, we've built 12 operating businesses from the ground up and made over 800 individual investments within those platforms.
  • Prior to joining Leon, Calvert served as Head of US Wealth at Apollo Global Management, overseeing the RIA/IBD distribution channel.

Envestnet Launches RIA Growth Lab - A Consulting Capability Led by Industry Veteran Dani Fava

Retrieved on: 
Monday, January 22, 2024

BERWYN, Pa., Jan. 22, 2024 /PRNewswire/ -- Envestnet, a leading provider of integrated wealth management solutions, is proud to announce the launch of its new RIA consulting capability, the RIA Growth Lab.

Key Points: 
  • BERWYN, Pa., Jan. 22, 2024 /PRNewswire/ -- Envestnet, a leading provider of integrated wealth management solutions, is proud to announce the launch of its new RIA consulting capability, the RIA Growth Lab.
  • Key Features of Envestnet's RIA Growth Lab include:
    Peer Benchmarking: Envestnet utilizes advanced technology to compare an RIA's performance against industry peers, offering valuable insights into areas of strength and opportunities for improvement.
  • Deepening Engagement: Envestnet's RIA Growth Lab offers deeper consulting engagements for advisors interested in strengthening their relationship with the Envestnet ecosystem.
  • "We are thrilled to introduce our RIA Growth Lab to the market," said Dani Fava, Group Head of Product Innovation at Envestnet.

Nebo Launches "Nebo Wealth" - A Turnkey Asset Allocation and Portfolio Design Platform

Retrieved on: 
Monday, January 22, 2024

BOSTON, Jan. 22, 2024 /PRNewswire-PRWeb/ -- Nebo, the award-winning asset allocation and portfolio design platform from the global asset manager Grantham, Mayo, Van Otterloo & Co, LLC (GMO), announced today the launch of Nebo Wealth – a turnkey, end-to-end platform that enables Registered Investment Advisors (RIAs) to streamline and automate the process of delivering personalized portfolios for each and every client at scale.

Key Points: 
  • Given the importance of this development, going forward, Nebo will take the Nebo Wealth name as its company-wide brand.
  • "Before Nebo, we customized client portfolios around five proprietary model allocations," said Brandon Kramer, Portfolio Manager at Heximer Investment Management**.
  • Nebo Wealth offers a robust open architecture platform, providing integrated trading, rebalancing, client reporting, and back-office support.
  • Prior to joining Nebo Wealth, Scully-Power served in various senior executive roles at Columbia Threadneedle Investments for over 20 years.

ENVESTNET DELIVERING INDUSTRY-LEADING CONNECTIVITY AND ADVANCES TO ITS WEALTH MANAGEMENT PLATFORM

Retrieved on: 
Monday, January 22, 2024

BERWYN, Pa., Jan. 22, 2024 /PRNewswire/ -- Envestnet has changed the game in wealth management, since launching in 1999 it has evolved into a leading provider of integrated technology, intelligent data, and wealth solutions, now serving over 95% of the largest wealth management and brokerage firms and more than 107,000 financial advisors. In 2024, Envestnet celebrates 25 years in business, bringing its connected technology, advanced insights and solutions to life on one of the industry's largest stages – the T3 Conference in Las Vegas, January 22-25, 2024.

Key Points: 
  • Envestnet will showcase its leading end-to-end technology integrations, new enhancements and capabilities through interactive product demonstrations, general and breakout sessions led by the Envestnet leadership team.
  • Envestnet Payments comes to market with a direct integration to MoneyGuide.
  • Advisors drafting financial plans for their clients can single sign-on to Envestnet Payments to generate fees for planning, retainer, subscription, ad-hoc, one-time, and more.
  • "Our wealth management ecosystem is 25 years in the making, and farther along than any other technology in the industry by bringing together solutions, features and capabilities that empower advisors' growth, and productivity," said Molly Weiss, Group President, Wealth Management Platform for Envestnet.

GreenHill and Invent Partnership Empowers RIAs to Deliver an Enhanced Advisor and Client Experience

Retrieved on: 
Thursday, January 18, 2024

GAITHERSBURG, Md., Jan. 18, 2024 /PRNewswire/ -- GreenHill Investment Reporting, a leading independent provider of investment performance reporting services, today announced that its advanced performance reporting functionality is now included in Invent's Digital Wealth Ecosystem for Registered Investment Advisors (RIAs) and Independent Broker-Dealers (IBDs). This enables advisors to deliver an enhanced client experience featuring personalized reporting.

Key Points: 
  • This enables advisors to deliver an enhanced client experience featuring personalized reporting.
  • Invent® is an award-winning, cloud-native integration platform as a service and a technology consulting firm founded by fintech industry veteran, Oleg Tishkevich.
  • GreenHill has been helping financial professionals deliver enhanced client experiences for over 30 years.
  • This collaboration enables Invent's clients to continue delivering an exceptional advisor and client experience supported by GreenHill's trusted data and reporting capabilities."

CogniCor Enhances its Insurance and Wealth Management AI-Enabled Digital Assistants with Integration of Microsoft's Azure OpenAI Service

Retrieved on: 
Thursday, January 18, 2024

PALO ALTO, Calif., Jan. 18, 2024 /PRNewswire/ -- CogniCor (the "firm"), a provider of artificial intelligence (AI) enabled digital assistants and business automation platform for the financial services industry, today announced the launch of its Microsoft Azure OpenAI Service-enabled enterprise-ready digital assistants for the insurance and wealth management industries.

Key Points: 
  • Intended to maximize an agent or advisor's time, the firm launched its AI-enabled digital assistants to redefine the professional experience for insurance and wealth management professionals.
  • CogniCor's digital assistants that offer guidance on compliance processes and forms, and optimize workflows for onboarding, client review meetings, and financial planning use Azure OpenAI Service and are offered through Azure Marketplace and hosted in Azure.
  • CogniCor carefully selected a client pilot group of technologically progressive wealth management organizations including large broker-dealers, RIAs (registered investment advisors) and TAMPs (turnkey asset management programs).
  • We are pleased to see CogniCor enable their industry vertical AI assistants built on our AI platform to unlock value in industry verticals such as insurance and wealth management."

Wealthcare Highlights Strong Advisor Growth and Strategic Acquisition in 2023

Retrieved on: 
Wednesday, January 17, 2024

The firm's commitment to excellence, innovation, and client-centric practices has positioned Wealthcare as a standout performer in the financial services industry.

Key Points: 
  • The firm's commitment to excellence, innovation, and client-centric practices has positioned Wealthcare as a standout performer in the financial services industry.
  • Strategic Acquisitions: Wealthcare completed its third successful M&A deal, the acquisition of Sommers Financial Management.
  • This strategic move further strengthens the firm's direct channel and underscores its commitment to providing flexible affiliation solutions for financial advisors and firms.
  • Exceptional Organic Growth by Advisors: Wealthcare advisors achieved another year of remarkable organic growth, surpassing the industry average by more than double and boasting a growth rate exceeding 10% annually.

Miracle Mile Advisors Opens Seattle Office, Expanding Advisor Recruitment and Equity Ownership Growth Strategy

Retrieved on: 
Wednesday, January 17, 2024

LOS ANGELES, Jan. 17, 2024 /PRNewswire/ -- Miracle Mile Advisors ("Miracle Mile" or "the firm") – a national, award-winning and independent registered investment adviser (RIA) offering highly customized, holistic wealth management to high-net-worth clients across the nation – today announced the opening of its Seattle office. The move represents the expansion of its ongoing financial advisor recruitment initiative to a sixth location nationwide.

Key Points: 
  • LOS ANGELES, Jan. 17, 2024 /PRNewswire/ -- Miracle Mile Advisors ("Miracle Mile" or "the firm") – a national, award-winning and independent registered investment adviser (RIA) offering highly customized, holistic wealth management to high-net-worth clients across the nation – today announced the opening of its Seattle office.
  • The move represents the expansion of its ongoing financial advisor recruitment initiative to a sixth location nationwide.
  • Consistently recognized as one of the industry's fastest-growing RIAs, Miracle Mile has over $5 billion in client assets and over 25 advisors.
  • Miracle Mile aims to grow the firm through the recruitment of financial advisors while enabling all Miracle Mile advisors to become equity holders in the firm.

Gladstone Group and TradePMR Announce Exclusive Mergers & Acquisitions Symposium as a Pre-Event to the T3 Conference

Retrieved on: 
Friday, January 19, 2024

Ahead of the highly-anticipated T3 Conference at the Cosmopolitan in Las Vegas, scheduled for January 22-25, 2024, Gladstone Group , in collaboration with TradePMR , is delighted to announce an exclusive Mergers & Acquisitions Symposium.

Key Points: 
  • Ahead of the highly-anticipated T3 Conference at the Cosmopolitan in Las Vegas, scheduled for January 22-25, 2024, Gladstone Group , in collaboration with TradePMR , is delighted to announce an exclusive Mergers & Acquisitions Symposium.
  • The symposium, an invitation-only gathering, will feature notable industry figures, including the iconic Joe Duran , CEO of Rise Capital, Dan Kreuter, CEO of Gladstone Group, and Robb Baldwin , Founder & CEO of TradePMR.
  • Gladstone Group Inc. is a nationwide firm specializing in Mergers & Acquisitions, Strategic Consulting, and Executive Search.
  • Trade-PMR, Inc., Gladstone Group, Inc. and T3 Technology Tools for Today are not affiliates.

OneAdvisory Rebrands as Dispatch, Closes $8 Million Seed Funding Round

Retrieved on: 
Thursday, January 11, 2024

OneAdvisory, the first wealthtech solution enabling effortless client data management for registered investment advisors (RIAs), today announced that it has raised $8 million in seed funding.

Key Points: 
  • OneAdvisory, the first wealthtech solution enabling effortless client data management for registered investment advisors (RIAs), today announced that it has raised $8 million in seed funding.
  • The round was led by global venture capital firm F-Prime Capital , with participation from existing investors Fika Ventures , Great Oaks and Twelve Below .
  • The capital raise comes at a formative time for the company as it rebrands from OneAdvisory to Dispatch .
  • Co-founders Madalyn Armijo , Rafi Lurie and Rob Nance refreshed the brand to better align with the company's expertise.