Public blockchains offer greater security and liquidity than private systems, but require a critical mass of users.
McEahern, Terlep and Alberts join more than 60 other employees hired since Cresset was founded in summer of 2017.
More advisors are going independent, as the wirehouses deal with more restrictions, increased production requirements and headline risk.
The wealth manager with $40 billion in assets is the latest advisory firm looking to capitalize on opportunities in Florida.
Until custody risk is virtually eliminated, advisors won’t buy and sell crypto assets on behalf of clients. But they still need to be well-versed in the new asset class.
Baird’s acquisition of fellow Louisville brokerage Hilliard Lyons would bring its advisor head count to nearly 1,300.
McDermott Advisory Group is the latest acquisition in Mercer Advisors’ buying binge.
About 30 percent of fund manager appointments in the equity unit have gone to women in 2018, the most in five years.
Finalists don’t seem to mind stipulations like the right of first refusal, which are said to be expected when working with a large custodian or other similar institutions.
