Chief investment officers are key players on any advisory team, whether directly part of the team or providing insights and guidance from a home office or service provider. Investment leadership is crucial to client portfolios and education. This week, we honor industry leading CIOs in our second annual CIO 5 and examine the roles of modern CIOs with last year’s honorees.
In addition, we bring you our weekly Deals & Recruiting Roundup, VistaShares on rethinking thematic ETFs, Doshi on the impact of AI and technology on operations, Prime Capital’s Atlanta purchase, a UBS breakaway going to Sanctuary, Bluespring’s Kentucky acquisition and marcoms for empowering underserved communities.
Outstanding CIOs: Winners of our second annual CIO 5: Top Wealth Management CIOs are: Neil Blundell, CIO, CAIS Advisors, and Head of Investments, CAIS; Matt Dmytryszyn, CIO, Miracle Mile Advisors; Philip Straehl, CIO for the Americas, Morningstar Wealth; Rick Wedell, President & CIO, RFG Advisory; and Jen Wing, CIO & Head of Investment Solutions, GeoWealth.
The indispensable voice: CIOs have emerged as an indispensable voice in wealth management. We discuss the role of today’s CIO with last year’s CIO 5: Cameron Dawson of NewEdge Wealth, Bob Shea of Dynasty Financial Partners, Megan Horneman of Verdence Capital Advisors, Rafia Hasan of Perigon Wealth Management and Tim Holland of Orion.
Deals & Recruiting Roundup: This edition of the Deals & Recruiting Roundup covers Bluespring Wealth’s purchase of Reliant Wealth, Merit’s acquisition of Hershey Wealth, Emigrant’s stake in Principle Wealth, Basecamp Wealth founded, former Truist advisors launch Aria Wealth, Prime Capital’s acquisition of Sugarloaf Wealth, Carnegie’s acquisition of Eagle Ridge, Sanctuary Wealth recruiting NewSpring, RISR’s partnership with Wealthcare Capital, Integrated’s Chief Brand Officer promotion, CD&R’s new Operating Advisor and IAA’s homegrown President.
AI and tech in operations: Milan Doshi, Founder and CEO of Doshi Consulting Solutions, addresses how AI and technology can have an impact across the lifecycle of onboarding, trading, portfolio management and back-office operations.
Marcoms for empowerment: In this month’s Marcoms Roundtable, in honor of Black History Month, we asked veteran marcoms experts how wealth management marcoms be leveraged to empower and uplift underserved communities? We spoke with Marie Swift, Founder and CEO of Impact Communications; Joe Steuter, Chief of Communications at Intention.ly; and Caitlyn Foster, Senior Vice President at Gregory FCA.
Thematic refresh: Adam Patti, CEO of VistaShares, makes the case that a strategic refresh is needed to align thematic ETFs with their purpose, mitigating risks while capitalizing on emerging opportunities.
Atlanta expansion: Prime Capital Financial is entering the Atlanta metro market for the first time by acquiring Sugarloaf Wealth Management. The deal will add almost $1 billion in assets to Prime Capital. Prime Capital’s CEO, Glenn Spencer, and Sugarloaf’s Managing Principal, Jason Connolly, provided comments.
Leaving the wirehouse: Sanctuary Wealth announced that Kristin Larson joined from UBS and launched NewSpring Wealth Partners. Sanctuary’s CEO, Adam Malamed, and President, Vince Fertitta, commented, along with Larson.
Louisville acquisition: Kestra Holdings subsidiary Bluespring Wealth Partners acquired $560 million Reliant Wealth Planning, based in Louisville, Kentucky. Reliant is led by Founding Partners Shaun Chelf and Laura Clark. Chelf and Bluespring’s President, Pradeep Jayaraman, commented.
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