Andrew Foerch

1 day ago | citywire.com | Andrew Foerch

While independent RIAs are adopting artificial intelligence (AI) at a steady rate, new data suggests banks and trust companies are lagging increasingly far behind. A study published this week by wealth technology consultancy F2 Strategy found that 74% of wealth management respondents are currently using AI, a percentage which has risen 23% over the last two years.

2 days ago | citywire.com | Sam Bojarski |Tania Mitra |Andrew Foerch |Ian Wenik

If step one of bringing private assets to the wealth space was product development, KKR is ready to steam ahead on step two: scaling. When Doug Krupa, the firm’s head of global wealth solutions in the Americas, joined the firm six years ago, the US business had only five employees; that has grown to about 70 today. Globally, there are more than 100 personnel dedicated to wealth. KKR’s wealth AUM via its K-series is $22bn.

3 days ago | citywire.com | Andrew Foerch

NATIONAL HARBOR, Md. – Liz Nesvold has a rule. The longtime investment banking executive and chair of RIA minority investor Emigrant Partners said Tuesday during a panel at BNY’s Insite conference that company operators should limit themselves and their teams to three major firmwide initiatives a year, lest they fall victim to acute unfinished projects syndrome.

4 days ago | citywire.com | Andrew Foerch

NATIONAL HARBOR, Md. – There’s no way around it: The next generation of investors thinks and behaves differently than those who came before. For advisors, meeting such next-gen clients where they are is especially important considering those clients aren’t just creating their own wealth, but also stand to inherit trillions from their baby boomer family benefactors.

5 days ago | citywire.com | Andrew Foerch

Evercore Wealth Management, the $13.9bn RIA subsidiary of publicly traded investment bank Evercore, has brought on a team of four advisors from Silicon Valley Bank’s (SVB) private wealth division. The team is based in San Francisco and composed of Ryan Fox, Flavia Trento, Brandon Frandsen and Winifred Yam.