Chief marketing officers are indispensable to a wealth management firm. Either in-house or outsourced, advisors need their expertise and creativity to manage brands, reach prospects and retain clients. They build the image that the world sees. This week, we honor our third annual group of top marketing leaders, and bring the voices of experts on how marketing plays an important role in M&A.
WSR Names CMO 5 – Top Wealth Management CMOs
This year we honor top marketing leaders from Future Proof, AcquireUp, Constellation, VestGen and Berkshire Global Advisors.
Exploring The Intersection Of Marketing And M&A
Joe Kuo of Haven Tower Group, Kelly Coulter of Private Advisor Group and John Wernz of Mission Wealth and Great Hill Partners share insights on how marketing solutions providers are impacting brand recognition, private capital and more in M&A deals.
When M&A happens, CMOs roll up their sleeves.
Litigation: Lessons From The Trenches
The third installment of Brian Hamburger’s “War Stories of the Past 25 Years” focuses on the changing trends seen in advisor-related legal disputes as they became more complicated and eventually led to mediation becoming a popular alternative to avoid the expense, uncertainty and spectacle frequently involved.
Hamburger brings insights and challenges norms and expectations about litigation.
Guide To Industry Conferences: M&A
This annual M&A installment of our Guide to Industry Conferences series covers the wealth management industry’s two leading annual M&A events – the ECHELON Partners Deals & Dealmakers Summit and DeVoe & Company’s M&A+ Succession Summit.
There’s many conferences available for our industry – which is great – but we have to make decisions on which to attend due to limited time and resources. This guide helps you decide.
How The Industry Can Adapt To Serve Neurodiverse Clients
Ryan Marcus of Binah Capital brings a powerful need to light: The neurodiverse, including autists, those with ADHD and others, need special services. He suggests how advisors and the industry can adapt to meet their needs.
Even though helping the neurodiverse on its own is a noble act of service, it’s not charity, according to Marcus. It’s a growing niche for advisors.
Investments Roundup
This month’s roundup covers portfolios, ETFs, crypto, hedge funds, investing in AI, alternatives, indexes, people moves and more.
The investments space continues to be very active with innovation and partnerships.
Deals & Recruiting Roundup
This week we cover acquisitions by Modern Wealth, F2 Strategy, Constellation, Procyon, Beacon and Aspen; iCapital’s fundraising; recruiting by Sanctuary, LPL and RBC; Fi3 Advisors and Opto’s partnership; and RWA’s new executives.
Consultancy F2 continues to add business lines by acquisition after receiving a private equity injection.
Modern Wealth Adds Third California Office By Acquiring $1 Billion RIA
Modern Wealth Management announced an agreement to acquire El Segundo, California-based Kaye Capital Management (KCM), a fee-only RIA with more than $700 million in AUM and $300 million in AUA.
This is Modern’s fourth transaction completed this year and its 17th to date, and will enable it to surpass $8.5 billion.
Fi3 Advisors Teams With Opto For More Private Markets Investments
RIA Fi3 Advisors entered into a partnership with wealthtech firm Opto Investments to enhance Fi3’s ability to provide its high net worth clients with private market investment options.
Technology is backing the move to bring private markets investments to broader groups of investors.
Merit Receives Strategic Investment From Constellation
Merit Financial Advisors will receive a minority investment from Constellation Wealth Capital. As part of the deal, Wealth Partners Capital Group and a group of strategic investors led by HGGC’s Aspire Holdings will exit their ownership stake.
Large private equity players continue to make waves in wealth management.
Sanctuary Recruits $580 Million Advisor From Bank Of Montreal
Sanctuary Wealth announced the recruitment of Indianapolis-based Velorum Wealth Management as a partner firm under its Partnered Independence model. Founded by Bernard Reed, who serves as Managing Partner, the firm oversees $580 million in assets for high net worth clients.
Sanctuary continues to win recruits from banks and wirehouses.
iCapital Raises Over $820 Million In Latest Funding Round
iCapital announced that it raised more than $820 million in a new financing round that was co-led and funded by accounts advised by new investors T. Rowe Price and SurgoCap Partners.
The firm says it will use the funds for acquisitions to enhance technology and expand data capabilities.
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Larry Roth
CEO
Wealth Solutions Report
