In the wealth management industry, there is both the opportunity and need to communicate an effective, clear and engaging story on many occasions, spanning across marketing, communications, brand elevation, reputation management, lead generation, events, content creation and more. Recognizing this reality, we broadened the scope of our second annual IMAGE 10 to include storytellers of all types. This week, we present the IMAGE 10: Top Wealth Management Storytellers.
We also bring you our monthly Investments Roundup; the weekly Deals & Recruiting Roundup; our Marcoms Roundtable on messaging for the holiday season with Water & Wall, Ficomm and Gregory FCA; DeVoe’s report on record-breaking M&A, Axos’ partnership with Envestnet; and Cyndeo’s and Kestra’s recruits.
The winners are: This year’s IMAGE 10 honors AcquireUp, Craft & Capital, Ficomm, Future Proof, Gregory FCA, Haven Tower, Impact Communications, JConnelly, StreetCred PR and Technology Tools for Today (T3).
Deals & Recruiting Roundup: This edition covers Stifel acquiring part of B. Riley Financial’s wealth management division, Aspen Standard Wealth acquiring Summitry, Emigrant Partners reinvesting in F.L.Putnam, GYL Financial Synergies merging with The Colony Group, EP Wealth Advisors acquiring Gather Financial Planning and Riley Private Client, Wealth Enhancement Group acquiring M&R Capital Management, ex-Merrill Lynch head John Thiel planning to launch Indivisible Partners, Corient Capital Partners Co-Founder Jon Tenney preparing to launch THECE Wealth Management, Cyndeo Wealth Partners recruiting Shawn Jiles, Wilmington Trust appointing Lisa Roberts as Head of Wealth Management, Bison Holdings appointing James McTiernan as Senior Advisor and Rockefeller Global Family Office recruiting advisors from Morgan Stanley.
Investments Roundup: Meet our newest Investment Solutions Leader of the Month, David Mann, Head of ETF Product & Capital Markets at Franklin Templeton. We also cover State Street anticipating ETFs could surpass $1 trillion in 2024 inflows; Capital Group and KKR filing for public-private fixed income interval funds; TradingBlock adding customizable order-routing algorithms, Credent releasing its TAMP; BlackRock, GeoWealth and iCapital collaborating; the CAIA Association launching a private equity microcredential; AXA launching a new fixed maturity product; Cerulli reporting that advisors prefer model portfolios to funds of funds; HFR finding hedge fund capital rose to another quarterly record; and J.P. Morgan releasing its Long-Term Capital Market Assumptions.
Holiday messaging: Experts Haley Rosa, Vice President at Gregory FCA; Carolyn Dalle-Molle, Vice President of Consulting and Innovation at Ficomm Partners; and Kevin Santo, Senior Account Executive for Water & Wall, discussed how advisors should adjust their marketing and communications for the holiday season.
Record-breaking M&A: DeVoe & Company reported a record-breaking 39 RIA M&A transactions in October. David DeVoe, CEO and Founder of DeVoe & Company, provided comments.
Managed accounts integration: Axos Clearing announced a strategic partnership in which Envestnet’s managed account solutions are being integrated into the Axos Complete portal. David Crow, EVP and Head of Axos Clearing, a subsidiary of Axos Financial, and Molly Weiss, Group President, Wealth Management Platform for Envestnet, provided comments.
UHNW recruit: Cyndeo Wealth Partners announced Shawn Jiles joined the firm as an advisor managing about $200 million in client assets. Jiles focuses on UHNW clients. Cyndeo is a member of the Dynasty Financial Partners’ Network. Jiles; Matt Kilgroe, CEO and President of Cyndeo; and Andrew Marsh, Dynasty’s Head of Core Services, commented.
Florida recruit: Kestra Private Wealth Services (Kestra PWS) member The Sade Group in Stuart, Florida, added advisor Worth Trainor and rebranded as Riverside Private Wealth Management. Trainor; Scott Sade, Founder and Managing Director at Riverside; and Rob Bartenstein, Senior Managing Director and CEO of Kestra PWS, provided comments.
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We’re growing! WSR is looking for highly qualified and skilled freelance editors who have strong familiarity with the wealth management space. If that’s you, send your résumé and three recent writing samples to our Editor in Chief at jbuchanan@wealthsolutionsreport.com.
Larry Roth
CEO
Wealth Solutions Report
