Richard Lander

3 days ago | citywire.com | Richard Lander

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3 days ago | citywire.com | Richard Lander

Many AI experts  believe we have already reached Artificial General Intelligence (AGI)  - the point where the machines are smarter than us - or that its arrival is just  around the corner. Walter Pasquarelli, who advises businesses and governments on AI,  thinks that’s wrong. ‘I think for the full picture of intelligence, comparable to what us humans have, that’s going to be at least another five years.’ he said.

1 month ago | citywire.com | Sam Bojarski |Ian Wenik |Richard Lander

Marcum Wealth’s specialty in business transition planning was a key factor in Wealth Enhancement’s (WE) recent decision to buy, the latter firm’s chief strategy officer, Jim Cahn, told Citywire. Citywire reported last week that WE had agreed to buy the Cleveland RIA, which had previously been owned by national accounting firm Marcum LLP. WE has since said that the deal should close in May and that Marcum Wealth had about $4.3bn in client assets as of December 2024.

1 month ago | citywire.com | Ian Wenik |Andrew Foerch |Sam Bojarski |Richard Lander

Kestra Holdings-backed RIA aggregator Bluespring Wealth Partners has acquired a $440m Wisconsin RIA, putting an end to a messy succession process at the target firm that included a 2020 workplace shooting in which a retired president and former owner shot one of his successors in the head. Based in Brookfield, Wis., Charter Capital Management (CCM) was formerly run by Lauren E. Toll, who had been the firm’s sole owner from 1990 to 2011.

1 month ago | citywire.com | Andrew Foerch |Ian Wenik |Sam Bojarski |Richard Lander

RIA financier Focus Financial Partners has been in talks to acquire Churchill Management Group, a Los Angeles-based wealth manager with approximately $10.1bn in assets under management, according to sources with knowledge of the situation. Focus is one of a handful of bidders on Churchill, a source told Citywire, and no transaction between the two sides is imminent.