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1 month ago | 
citywire.com | Lawrence Lever |Himanshu Singh |Sophie Downes |Natalia Vasnier
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1 month ago | 
citywire.com | Lawrence Lever |Himanshu Singh |Julian Bovill |Algy Hall
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1 month ago | 
citywire.com | Olivia Bybel |Lawrence Lever |Joseph Eden |Chris Sloley
The tragedy of financial services group aberdeen, Abrdn, Aberdeen or Standard Life Aberdeen is not in the various names it has tried but in the merger between Standard Life and Aberdeen Asset Management which created it in the first place, and which should never have happened.
Stories fly around as to who really drove this mess of a merger which destroyed billions of pounds in value and decades of carefully cultivated history, but let’s start with some facts.
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1 month ago | 
citywire.com | Sam Bojarski |Andrew Foerch |Ian Wenik |Lawrence Lever
Kirby Hamilton, the co-founder and early financier of Boston-based RIA The Colony Group, has died after a battle with Alzheimer’s. He was 78 years old.
Colleagues and friends of Hamilton (pictured with his wife, Melinda) who spoke to Citywire remembered him for his ‘great sense of human nature,’ infatuation with Eastern spirituality and appreciation for bespoke Italian suits from Louis, a once-legendary, now-shuttered boutique in Boston’s Back Bay neighborhood.
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1 month ago | 
citywire.com | Andrew Foerch |Sam Bojarski |Ian Wenik |Lawrence Lever
Clearstead Advisors has named a former First Republic wealth president as leader of its board.
The $47bn RIA said on Thursday that it has named Bob Thornton to the role of executive chairman and chairman of the board, citing his experience at financial institutions like Deutsche Bank, Credit Suisse and Goldman Sachs.
In an interview, Thornton (pictured) said he took the role due to Clearstead’s growth in recent years and the track record of its private equity majority backer, Flexpoint Ford.
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1 month ago | 
citywire.com | Sam Bojarski |Ian Wenik |Lawrence Lever |Alan Walsh
For RIAs, it’s grow or die. That may be a tad hyperbolic, but consolidation in the wealth management industry and tough competition for clients has put pressure on firms of all sizes to generate new business. In the fifth of six videos from the Citywire RIA CEO summit, Merit Financial Advisors president Kay Lynn Mayhue and Cerity Partners head of partner development Claire O’Keefe explain the biggest pressures they see on their companies. Already have an account?
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1 month ago | 
citywire.com | Sam Bojarski |Ian Wenik |Lawrence Lever |Alan Walsh
Arbitrators have ordered Stifel Financial’s broker-dealer to pay nearly $133m in damages and fees over a structured note strategy run by a Miami-area brokerage representative.
An arbitration award published Wednesday by the Financial Industry Regulatory Authority (Finra) shows that the award relates to conduct by broker Chuck Roberts, who according to the BrokerCheck database joined Stifel in 2016 from Morgan Stanley.
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1 month ago | 
citywire.com | Ashley McConnell |Ian Wenik |Lawrence Lever |Alan Walsh
Pershing, the RIA clearing and custody division of multinational bank BNY, is developing a new referral program for its wealth manager clients, according to sources with knowledge of the situation.
Nancy Gordon, the newly hired head of advisor growth at Pershing, is overseeing the project, sources told Citywire. Gordon joined Jersey City, N.J.-based Pershing in September of 2024 from Bakkt, a cryptocurrency trading software company.
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1 month ago | 
citywire.com | Ian Wenik |Ashley McConnell |Lawrence Lever |Alan Walsh
Kick up your cowboy boots and join Citywire RIA in Nashville for our upcoming CIO Summit, taking place May 8th and 9th at the W Hotel!This event is free to attend, with travel and accommodations for CIOs and RIA investment committee members covered by Citywire.
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1 month ago | 
citywire.com | William Johnson |Ian Wenik |Lawrence Lever |Alan Walsh
The legendary journalist Hunter S. Thompson once described the Kentucky Derby as ‘decadent and depraved.’ Are RIAs living in a similar environment? Years of market appreciation have covered up weak growth and operational inefficiencies at some firms. Focus Partners Wealth chief executive Adam Birenbaum discussed what might happen to some RIAs during an extended downturn at the inaugural Citywire RIA CEO Summit. Already have an account?
