Industry

Brian Nagle's move to Citizens follows that of a San Francisco-based team with $5 billion in managed assets in April.

Banks including Goldman Sachs Group Inc., Citigroup Inc. and Wells Fargo & Co. have announced plans to cobble together more than $50 billion to plow into private credit in recent months.

The team, led by veteran advisor Michael Taggart, will join RBC's Florham Park, N.J. office.

After Washington, Missouri is the second known state to send warning letters to advisors over the use of wealthtech tools that can access data in client retirement and banking accounts.

Adam and Eleanor Weinstock are joining SLK Private Wealth. The move comes two years after a group of Wells Fargo employees left the wirehouse to form the firm.

The Horizon Group, a team of five advisors and four branch professionals, joins Pinnacle Asset Management, an affiliated bank branch, from Truist.

Apollo’s products for individual investors are distributed through intermediaries such as bank wealth channels and registered investment advisers, and the firm doesn’t expect that to change.

The latest fundraising marks the fifth iteration of the firm’s Loan Partners fund, a series that got off the ground in 2008.

Iqbal Khan, who previously had sole charge of the key wealth unit, will now also become president of the Asia Pacific region.

Salomon & Ludwin has filed a lawsuit against former employees who launched Founders Grove Wealth Partners, claiming they breached employment contracts and stole trade secrets.