Industry

Christopher Fineburg and Teresa Armel have left Rockefeller Global Family Office, which has become one of the most sought-after options for UHNW advisors, to join Next Capital Management.

Sequoia Sentinel represents about 55% of the firm’s assets and serves clients with a minimum of $20 million.

Effective later this year, FCASH will be the only sweep account option for all new, non-retirement brokerage accounts opened by custody clients.

The deal is the latest example of Choreo partnering with a CPA firm that owns an RIA.  

The Labor Department unveiled its latest version of a fiduciary rule on Tuesday, with supporters arguing the proposal largely fell in line with their hopes. Industry groups warn of its negative impact on advisors and clients.

The nation's largest custodian by AUM has cut more employees after concluding TD merger.