Industry

The alternative investment manager was among the first to launch an interval fund in 2019, with a focus on private credit.

The Yarza Group will work out of Snowden Lane’s office in Coral Gables, Fla. The team boosts the firm’s AUM to $13 billion.

UBS will create a new unit — dubbed GWM Solutions — that will bring various wealth offerings under one roof. Michael Camacho is also joining UBS from JPMorgan to lead wealth management in the U.S.

The First Summit team includes managing partners Thomas J. Cooney and Mark Freed, a former professional baseball player.  

Martin Marron, who had led the international private bank since 2021, has been named head of wealth-management solutions.

Mariner is suing three advisors who recently left to join Savvy Wealth's RIA affiliate. In the suit, Mariner argues Savvy poaches books of business without “regard to contractual obligations.”

The 6-3 decision deals a blow to an administrative system the SEC once used to adjudicate more than 100 cases a year before scaling back amid legal challenges.

Dallas-based Fortis Wealth Advisors will use Goldman Sachs for custody.

Chief Digital Officer Pete Clemson and Melissa Lamarche, senior vice president of advisor relations, are leaving the organization.

The seven advisors making up the team are joining Raymond James’ employee advisor channel.