UBS Group’s chairman blasted his home market of Switzerland as losing its luster as a wealth management hub to Hong Kong and Singapore, while also warning against looming risks in the US insurance industry https://t.co/xq02rJJC2c ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. MAI Capital Management has named a new leadership team following the completion of an acquisition it sealed in August for Los Angeles-based Evoke Advisors, which more than doubled MAI’s assets under management and added about 100 additional employees. MAI said on Monday that its AUM now stands at $65 billion, as managed by its 600 employees and led by CEO and Chairman Rick Buoncore. Th ...

Core Insights - HB Wealth, an Atlanta-based RIA integrator, has acquired a five-person team from J.P. Morgan managing nearly $15 billion in assets, and will open a new office in Charlotte, N.C. [1][2] Company Strategy - The CEO of HB Wealth, Thomas Carroll, emphasized the firm's strategic initiative to expand its presence in the Southeast, addressing a geographical gap between Georgia and Maryland, with the Carolinas positioned in between [2]. - The newly acquired team, led by Matthew Moore, Andrea Smith, and Rebecca Warner, will serve as senior wealth advisors and shareholders, enhancing HB Wealth's capabilities [2]. Market Presence - Carroll noted that the Carolinas have five major metropolitan areas, with the new team having clients across all these submarkets, indicating a strong market presence [3]. - The thriving financial community and growing population in Charlotte make it a strategic location for HB Wealth to better serve the Southeast market [3]. Company Background - HB Wealth recently rebranded from Homrich Berg to unify its offices under one name, with its founding dating back to 1989 [4]. - The firm has initiated an equity participation program for non-shareholder employees and new hires, supported by minority investors TPG Growth and New Mountain Capital [5]. - In December 2024, HB Wealth completed its largest acquisition by merging with WMS Partners, a multi-family office and RIA based in Towson, Md. [5]

Barron's Advisor Read More This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Private-Equity Firm Combines Businesses To Form Wealth Management Juggernaut Newly reconstituted Wealthspire will have $580 billion in client assets in private accounts and retirement plans. By Da ...

Core Insights - AssetMark Financial plans to acquire Efficient Advisors, which has approximately $3 billion in client assets, enhancing AssetMark's registered investment adviser (RIA) platform [1][2] - The acquisition is expected to close in Q4 2025, pending regulatory approvals and customary closing conditions [1] - This move is part of AssetMark's strategy to expand its presence in the RIA channel and increase the scale of its advisor network [2][3] Company Strategy - AssetMark's growth strategy focuses on disciplined expansion, combining institutional insight with a vision for independent advice [3] - The acquisition reflects a commitment to inorganic growth that strengthens AssetMark's position within the RIA space [3][4] - By integrating Efficient Advisors' evidence-based investment platform, AssetMark aims to enhance the solutions available to advisors and support their business growth [4] Historical Context - This acquisition marks AssetMark's eighth since 2014, following a strategic alliance with Morningstar Wealth and the acquisition of the Morningstar Wealth Turnkey Asset Management Platform [4] - Efficient Advisors' CEO expressed enthusiasm about joining AssetMark, highlighting a shared commitment to advisor-centric service [5][6]

Core Insights - Fortress Wealth Group (FWG Holdings) reduced its position in the First Trust Mid Cap Core AlphaDEX Fund by selling 27,140 shares valued at approximately $3.3 million during the third quarter [2][6] - Following the sale, FWG Holdings' position in FNX now represents 0.6% of its reportable 13F assets, with remaining holdings valued at $1.4 million at the end of the quarter [3][6] Fund Performance - FNX shares were priced at $124.39, reflecting an 8% increase over the past year, which is significantly lower than the S&P 500's nearly 20% gain during the same period [3][4] - The fund has total assets under management (AUM) of $1.2 billion and a yield of 0.9% [4] Investment Strategy - FNX employs a strategy that seeks to generate positive alpha by selecting mid-cap stocks from the NASDAQ US 600 Mid Cap Index using the AlphaDEX® methodology, which is a quantitative selection process [5][10] - The fund's performance indicates challenges for factor-driven strategies in momentum-heavy markets, suggesting a need for balance and consistency in investment approaches [9] Portfolio Adjustments - The sale of FNX shares by FWG Holdings may indicate a tactical rotation towards large-cap or income-generating assets, as evidenced by its top holdings in other funds [7][8] - Top holdings include VUG, VTV, and FBND, which reflect a focus on risk management and diversification [7][8]

ALPHARETTA, Ga.--(BUSINESS WIRE)--UBS Wealth Management today announced the hiring of Financial Advisor Daryl Holmes in Alpharetta, Georgia. Daryl and his team join the UBS South Market, which is led by Market Executive Greg Achten and is part of the firm's Southeast Region, led by Regional Director Julie Fox. Daryl reports to Market Director Sterling Zerbe. "Daryl brings decades of experience to UBS and we are pleased to welcome an advisor of his caliber to our team,†said Greg Achten, South M. ...

Core Insights - TIAA's wealth management business manages over $200 billion in assets and employs nearly 700 financial advisors, highlighting its significant scale in the industry [2]. Group 1: Business Strategy - TIAA's wealth management division benefits from a unique recruiting advantage, as it can attract financial advisors by offering access to a large prospect pipeline generated from its retirement-plan participants [2]. - The CEO of TIAA Wealth Management, David Nason, emphasizes that while advisors must market themselves in a competitive industry, they have a distinct advantage when marketing to existing TIAA participants [2].

Core Insights - LPL Financial has announced a reduction in fees and a simplified pricing structure across its advisory platforms, aimed at providing significant savings and enhancing access to high-value investment solutions for advisors and their clients [1][2][4] Pricing Changes - Effective July 1, 2026, fees will be lowered for advisors in LPL's Strategic Asset Management (SAM) and Model Wealth Portfolios (MWP) programs, as well as for end clients in the Guided Wealth Portfolios (GWP) platform [2] - Administrative fees for advisors will be streamlined, facilitating easier comparison and management across all platforms [2] Industry Trends - Nearly 80% of LPL's organic net new assets are flowing into advisory solutions, indicating a significant industry shift from brokerage to advisory services [3] - LPL has returned nearly $50 million in savings to advisors and clients through pricing enhancements over the past two years [3] Platform-Specific Enhancements - SAM platform: Administrative fees reduced for advisors managing at least $75 million in advisory assets, with fees waived at $250 million, a notable improvement from the previous $500 million threshold [9] - MWP platform: Advisor-paid pricing reduced by up to 40% for accounts in the $100,000 to $500,000 range, allowing for expanded options and features [9] - GWP platform: Platform fee for end clients reduced from 35 basis points to 25 basis points, enhancing value for investors with smaller accounts [9] Company Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and approximately 1,100 financial institutions, managing around $2.3 trillion in brokerage and advisory assets [7]

Core Insights - Osaic has expanded its independent advisor network by adding Four Pillars Investment Management, which brings approximately $143 million in assets [1][4] - Four Pillars is the latest firm to transition to Osaic from Commonwealth, joining other firms like Virtus Wealth Solutions and Gallagher Financial Services [1] - The partnership aims to enhance client service and provide Four Pillars with access to Osaic's extensive resources, including technology and a wider range of financial products [2][4] Company Overview - Four Pillars Investment Management is led by investment advisor John T Evans and includes team members Pamela Evans and Jennifer Moss [2] - The firm focuses on serving families, individuals, and small businesses in Southwest Florida, offering investment management, business succession planning, and retirement strategies [3] Strategic Alignment - Four Pillars chose to partner with Osaic due to its alignment with the firm's values and commitment to client service [2][4] - Osaic's resources are expected to support Four Pillars in expanding its client base and enhancing service offerings [3][4]