Royal Harbor Partners, which is using Purshe Kaplan Sterling Investments as its broker/dealer, is led by partners Glenn Royal, Michele Jones and Natalie Picha.
Elias Herbert Hafen told clients to liquidate stocks and retirement accounts to invest in a fake investment fund, according to allegations; instead, the money went toward his expensive art collection.
LPL's branch recruiting is up 45% over a year ago, as the broker/dealer increases recruiting support and opens up the lines of communication to hybrid firms.
Despite a red-hot M&A environment in RIA land, the cost to buy a firm is not yet excessive, argued participants at Echelon Partners' recent Deals & Dealmakers Summit. Still, a market downturn could slash valuations dramatically.
The wealth-management firm’s new Zurich-based venture, with Switzerland’s Constantia Partners AG, will be called Tiedemann Constantia.
The "hero" of "The Big Short" said index fund inflows are now distorting prices for stocks and bonds in much the same way that CDO purchases did for subprime mortgages more than a decade ago.
UBS announced it has raised $225 million from its private clients for the $1 billion KKR Global Impact Fund as part of a five-year plan to mobilize private wealth for public good.
The Canadian bank has acquired a family office based in St. Louis and New York.