In later court filings, Baneux details how he came up with the idea for the platform and how much time he spent developing it. That included seeking advice from, and putting “trust” in, industry participants such as banker DiPisa to help with the venture.Baneux, a former business development director and consultant for wealth manager Certuity, developed the platform from publicly available data and added proprietary overlays to measure things such as RIA growth rates and acquisition desirability. The firm p ...

Accessibility StatementSkip Navigation - Firm Names Stephen Lewis and Adam Geist Co-Heads of local office - HOUSTON, Sept. 11, 2025 /PRNewswire/ -- Bernstein Private Wealth Management (Bernstein), a unit of AllianceBernstein L.P. (NYSE: AB), today announced two key leadership promotions in its Houston office: Stephen Lewis has been named Senior National Director, Co-Head of the Houston office and Head of National Client Experience, and Adam Geist has been named Managing Director and Co-Head of the Houston o ...

Core Insights - Bernstein Private Wealth Management has appointed Gregory Kadet and Cecily Bolding as managing directors in its private wealth offices in the Rocky Mountains and Dallas, Texas, to enhance its service to high-net-worth and ultrahigh-net-worth clients [1][5] Group 1: Leadership Appointments - Gregory Kadet has over 30 years of experience in wealth management and previously managed a team of 350 employees at UBS, overseeing more than $50 billion in assets [2] - Cecily Bolding brings two decades of experience in wealth management and previously served as managing director at Northern Trust, focusing on high-net-worth families in the Dallas market [3] Group 2: Strategic Expansion - The recruitment of Kadet and Bolding follows Bernstein's expansion of its ultrahigh-net-worth platform in January 2024, which includes the establishment of a dedicated service team [4] - Bernstein aims to grow its business through both organic and inorganic strategies, enhancing its advisor team to better serve clients [4][5] Group 3: Company Overview - Bernstein operates as a unit of AllianceBernstein, managing over $829 billion in assets as of June 30, 2025 [6]

Group 1 - The wealth-management company has a fiduciary duty primarily to the client, in this case, the ex-husband, and not to the spouse [5][6] - In Michigan, retirement accounts can be considered marital property and are subject to equitable distribution during divorce proceedings [7][8] - The wealth manager's obligation to inform the spouse may depend on whether both parties were clients of the same adviser or if there were any legal restrictions in place at the time of the transaction [6][7] Group 2 - The legal framework in Michigan allows for the possibility of asset dissipation claims, but the success of such claims may vary based on specific circumstances [3][7] - The distinction between being "swindled" and "hoodwinked" can affect the recourse available to the affected party [3]

Group 1 - The Hong Kong government's new capital investor entry program has received over 1,900 applications as of the end of last month, potentially bringing in approximately HKD 58 billion if all applications are approved [1] - More than half of the assets under management in Hong Kong's wealth management sector come from regions outside of Hong Kong and mainland China, indicating the city's role as a global financial hub [1] - The financial industry in Hong Kong has achieved significant milestones over the past year, with total wealth management assets reaching USD 4.5 trillion, a year-on-year growth of 13% [1] Group 2 - Total bank deposits in Hong Kong have increased by over 7%, reflecting the strength of the financial sector [1] - The insurance industry has seen a 20% growth in new policy premiums, showcasing robust demand for insurance products [1] - The bond market in Hong Kong has ranked first in Asia for international bond issuance for the second consecutive year, highlighting the competitive edge of the financial industry [1]

Core Insights - Bernstein Private Wealth Management has appointed Gregory Kadet and Cecily Bolding as Managing Directors to enhance its growth strategy in the Rocky Mountains and Dallas, TX markets [1][2][3] - The firm aims to attract experienced wealth advisors and expand its ultrahigh-net-worth client base through both organic and inorganic growth strategies [2][3] Leadership Appointments - Gregory Kadet brings over 30 years of wealth management experience, previously managing over $50 billion in assets at UBS and leading a team of 350 employees [2][3] - Cecily Bolding has two decades of experience in wealth management, previously serving as Managing Director at Northern Trust and focusing on multi-generational wealth strategies [3] Growth Strategy - Bernstein's inorganic growth plans include recruiting experienced wealth advisors and selectively acquiring registered investment advisors (RIAs) [3] - The firm has expanded its ultrahigh-net-worth platform and celebrated the one-year anniversary of its new office in Hudson Yards, New York City, which opened in September 2024 [3] Company Overview - Bernstein Private Wealth Management specializes in advising ultrahigh- and high-net-worth clients, utilizing a holistic approach to navigate the complexities of significant wealth [4] - As of June 30, 2025, Bernstein manages $144 billion in assets, while its parent company, AllianceBernstein, manages over $829 billion globally [4]

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. AssetMark Hires Alyson Tucci as SVP, Corporate Strategy and Development Wealth management platform AssetMark has hired Alyson Tucci from a director position at Alvarez & Marsal as senior vice president of its corporate strategy and corporate development group. Tucci, who also hosts a Barron’s Advisor podcast on next-generation talent, will report to Chairman and Group CEO Lou Maiuri and be based ...

Core Insights - James Picerno serves as the director of analytics at The Milwaukee Co., a wealth management firm advising The Brinsmere Funds, which consists of two global asset allocation ETFs [1] - Picerno is also the editor of CapitalSpectator.com and The US Business Cycle Research Report, indicating his involvement in financial analysis and economic research [1] - He has authored three books, including one focused on quantitative investment portfolio analytics using R, showcasing his expertise in modeling portfolio risk and return [1] - Prior to his current roles, Picerno worked as a financial journalist at Bloomberg and Dow Jones, highlighting his extensive background in financial reporting [1]

Core Insights - Betterment Advisor Solutions has partnered with Vanilla to provide independent RIAs with special access to an estate planning platform [1][4] - Advisors on the Betterment platform can utilize Vanilla's Estate Health Check at no additional cost, which assesses clients' estate situations [2] - The partnership aims to enhance client conversations regarding estate planning and serves as a prospecting tool for advisors [3][4] Company Overview - Vanilla, founded in 2019 by Steve Lockshin, focuses on simplifying and automating estate planning processes [4] - The company has received funding from notable investors, including Venrock, Insight Partners, and prominent figures like Michael Jordan and F. William McNabb III [4] Industry Trends - The partnership reflects a growing recognition that holistic advice, including estate planning, is essential in wealth management [4] - Firms are increasingly expected to integrate estate planning into their services to strengthen client relationships [4]

Core Insights - SigFig has rebranded to Tandems and is launching an AI-native wealth operating system aimed at financial advisors within institutional clients, with potential future expansion to independent RIAs [2][3] - The company emphasizes its identity as a technology firm rather than a robo-advisor, managing $60 billion in assets across 2 million accounts for 6,000 advisors at major firms [3][4] - The new technology ecosystem is described as open architecture with three layers, featuring embedded verticalized AI to alleviate administrative burdens for advisors [5] Company Developments - The rebranding to Tandems marks a strategic shift towards developing advanced digital wealth management tools [2] - The first component of the new ecosystem, TandemsMeet, is designed to assist advisors with scheduling, recording client inputs during meetings, and syncing with CRM systems [6] - The company has raised nearly $120 million over six funding rounds, indicating strong investor confidence in its technology solutions [4] Market Position - SigFig's technology is currently utilized by notable financial institutions such as Wells Fargo, Citizens Financial, Scotia Bank, and New York Life [3] - The firm has faced challenges, including the loss of UBS as a client, which discontinued its automated investing service [5] - The focus on modern technology in wealth management reflects a broader industry trend towards integrating AI and digital solutions to enhance advisor-client relationships [4][5]