Dynasty Adds a Sports Banker; LPL Picks Up a $350M Tampa Team
Greg Resh's appointment to the EiR bench adds no client assets. Two Tampa advisors leaving Corebridge just put $350 million in motion.
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All Private Wealth Daily reporting, newest first.
Family Offices Use a 2011 SEC Rule to Pay Staff Like Private Equity
Kevin Warsh's $100 million Duquesne stake shows how a carveout meant to keep offices unregistered became a pay practice.
The $83 Trillion Transfer Runs on Family Governance
The firms that teach families how to decide will hold the $83.5 trillion.
Family Offices' Private-Market Allocations Surge 524%
Preqin data show family-office participation in private markets outstripping wealth managers and endowments, even as UBS finds near-term private equity pullbacks.
Family offices pool billions to buy real estate directly
Realm's platform lets families with $200 million investable assets act like institutions, even as their real estate allocations trail.
Family-office pay turns formal as incentive plans spread
Morgan Stanley and Botoff's new survey shows long-term incentive plans and co-investments reshaping family-office pay.
Family Offices Trim Private Equity, But Taxes Keep It Sticky
Goldman's survey shows the biggest allocation shifts—equities up, private equity down—reflect tax-aware holding and an AI bet that runs through public markets.
Churn in the corner office, quiet in the AUM column
Over a month, PWD tracked 45 people moves and two asset changes. The industry reorganized; client money stayed put.
Wealth M&A's 2.7-to-1 gap between talk and closings
A 30-day PWD deal log shows the roll-up narrative rests on intent, not completed deals.
Cube Infra Fund IV Logs $100M Sold, Target Undisclosed
SEC Form D shows $100 million raised by Cube Infrastructure Fund IV with no target disclosed.
Apogem Raises $385M for Senior Direct Lending Fund
The pooled investment vehicle's Form D shows continued demand for private credit.
Blackford Capital's Two Funds Report $130M in Combined Sales
Main fund sold $90M of $130M target; co-investment vehicle fully subscribed at $40M, per SEC filings.
The $2B Tollbooth and the Fund That Raised Nothing
Alternatives distribution is minting billions while new funds file empty and private marks slip.
Blue Owl Alternative Credit Fund Files Form D, Zero Raised
SEC filing shows a new pooled investment fund with no capital raised to date.
Four AQR Flex 1 Series LLC Filings Report $95.9M Sold
A set of four AQR Flex 1 Series LLC sleeve filings discloses $95.9 million in capital sold as of July 29.
The Private-Market Risk Family Offices Haven't Prepared Their Heirs For
Family offices are piling into private equity before finishing the succession work the asset class demands.
CRCM Special Situations Fund Reports $52.4M in Sales
A new SEC filing reports $52.4 million in sales for the fund as of Aug. 12.
Fiduciary Trust names Doris Meister president, CEO
Former Wilmington Trust chair and CEO takes the top job at Boston's Fiduciary Trust Company.
Citi hires JPMorgan's Adam Clark to lead wealth planning
Longtime JPMorgan trusts and estates leader will run Citi's global wealth planning team as the bank pushes deeper into ultra-high-net-worth advisory.
CAIS doubles valuation to $2B with $170M Vista Equity raise
The raise brings more PE capital into RIA alts distribution, but also sharper scrutiny of platform conflicts.
Mili, Holistiplan Integration Puts Tax Data in Client Meetings
Advisers get a client's latest tax filing at the first meeting, making tax planning an ongoing part of the relationship.
Former SSA analyst wins award for Social Security claiming study
The research quantifies the complexity of spousal Social Security claiming strategies.
Breakaway Advisor Merges With Cerity Partners Three Years After Launch
Patrick Larkin's path from leaving Wells Fargo to selling his RIA illustrates how ownership shifts the focus to enterprise value.
Household-First Model Urged for Family Offices
Libretto CEO Jeff Coyle argues family offices should organize strategy around each household's balance sheet.
Cetera Recruits $420M Duo From Commonwealth
Tucker Bria Wealth Strategies joins Summit Financial after LPL's Commonwealth deal.
Diamond: Family Offices Win in Long-Cycle Middle Market
Patient family capital with $10 trillion in assets is a growing competitive threat to private equity, argues Ronald Diamond.
Barnum CEO: Predictable Lead Flow Drives Advisor Success
Barnum Financial's Blanco sees diversified lead channels as the antidote to unpredictable revenue.
Enterprise Value Built Over Time, Not at Sale
WealthManagement.com argues RIA value is a trajectory shaped by recurring revenue and client focus.
2027 Social Security COLA Projections Ease to 3.4%-3.6%
Lower inflation readings trim next year's cost-of-living adjustment forecast, shaping retirement income plans.
Generational Unpreparedness, Not Markets, Threatens Family Wealth
Campden Wealth report shows more families defining wealth's purpose, but next-generation engagement remains low.
Apex Launches Prediction Markets Platform, Tastytrade First
Apex's turnkey API gives RIAs and wealth firms access to Kalshi's event contracts, with Tastytrade as first adopter.
Ocorian survey: 75% of family offices to take more risk
Transparency in alternatives drives family office risk appetite, with private equity leading allocation gains.
Most Wealth Firms Use AI in Client Work, LSEG Finds
Advisor value is shifting from information gathering to judgment and client relationships.
Robinhood Accelerates Private-Market Fund Debuts
Robinhood is cutting the time to launch closed-end private-market funds as it pushes further into venture capital for retail customers.
Cerulli: 89% of firms cite family meetings as key best practice
Structured family meetings are emerging as a critical estate-planning tool for ultra-wealthy families, per Cerulli.
Dallas surpasses New York in financial jobs share
A shifting talent pool that RIA principals must factor into hiring and growth plans.
Veteran Duo Managing $316M Leaves Stifel for Raymond James
Raymond James picks up another veteran team as its 2026 recruiting run continues.
Treasury proposes $2,500 pre-tax Trump Account contributions
Advisors should weigh the modest deduction against 529 plans and other vehicles.
Pershing Square plans pre-IPO venture fund
Evergreen vehicle would give allocators access to Ackman's private stakes and family-office holdings.
Bloomberg Finds Signs of Fake Support for 401(k) Private Equity Plan
Manufactured comments could complicate the DOL rulemaking that retirement plan advisors are tracking.
Quebec's La Caisse returns 5.1% in H1, lags benchmark
Private-market losses offset listed equity gains for the institutional investor.
LPL lands $350M veteran duo from Corebridge
Tampa-based advisors move to independent platform, latest in a wave of veteran team recruiting.
Amplify, WealthReach partnerships target advisor efficiency
New integrations from Amplify and WealthReach promise to cut operational workloads and improve advisor discoverability.
Advisor360 CEO: AI resets trust in wealth software
New chief says data integration, not feature counts, will decide platform competition.
Citi hires JPMorgan veteran Adam Clark to lead wealth planning
The move underscores Citi's push into ultra-high-net-worth advisory as wealth revenue grows.
Capital Group: High-growth RIAs driving active ETF adoption
RIAs are leaning into active ETFs and model portfolios to free up time for client acquisition, Capital Group says.
Estate Planning Seen as Ongoing Service, Not One-Time Event
Advisors who treat estate plans as static risk client defection, with 68% of advised clients open to switching.
Orion, Goldman Sachs expand custody tech with AI onboarding
Orion's AI-powered account opening tool debuts on Goldman Sachs Custody Solutions, with more custodians to follow.
Cetera, Hightower, IFP, LPL, UBS Add Advisor Teams
Recruiting roundup shows rivals picking off Commonwealth teams as Hightower expands.
Rachleff: Retail private funds are 'high-priced junk' amid Schwab Forge push
A two-day clash over whether retail investors belong in private markets, as Schwab closes its Forge deal and Wealthfront's chairman cries foul.