Private credit funds return to investment-grade bond market
BCRED seeks $500 million and Blue Owl taps existing notes, testing investor appetite after a year of redemption limits.
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FINRA asks SEC to double fraud-hold window to 10 business days
A proposed FINRA rule would give member firms a safe harbor to freeze suspicious transactions for 10 business days, and vulnerable-adult holds could stretch to 145 business days.
Maine leads a state-by-state wealth transfer ranking
Per-capita senior wealth gives RIAs a density map; the trillion-dollar totals still favor the largest states.
Retail SMAs on pace for $3.6 trillion by 2026
Cerulli expects retail SMA assets to reach $3.6 trillion in 2026 as personalization and fee-based revenue remake advice.
Finny bets a $50 fee on the assets it helps win
The prospecting platform swaps flat subscriptions for a performance fee, and LPL gets the model first.
The Murdoch trust fight is a lesson in how estate plans go stale
A WealthManagement.com podcast gives RIAs a language for the gap between ownership, control, and governance in a family trust.
Carson hires Osaic's recruiting veteran to lead independent channel
The move puts a nearly three-decade recruiting veteran in charge of Carson's independent growth push.
Atlanta is the new front in the RIA roll-up war
MAI's $490 million Atlanta purchase, backed by Carlyle, makes the Southeast the region to watch in RIA consolidation.
Raymond James adds $200M Wells Fargo team; Arden Trust names president
Raymond James pulls in a pair of Wells Fargo advisors, Arden Trust puts a trust veteran in the president's seat, and Wooster Square adds a specialist.
AITi Global revenue rises 11% as takeover talk builds
The firm’s loss narrowed, and reports say Franklin Templeton may be in talks to buy it.
Siebert deepens FusionIQ investment with ten-year transformation pact
The ten-year pact makes FusionIQ the core of Siebert's technology roadmap for digital wealth.
Rick Parish launches Mazavida, a containerized water infrastructure venture
Kinetic7 and Aquarius Capital are pairing with Dallas-based PIF Energy to bring fast-deployable desalination systems to the US and EMEA.
UBS pulls three Morgan Stanley teams in one week
PWD's tracking puts UBS atop the 90-day arrival board and Morgan Stanley as the wirehouse with the largest outflow.
A $129 billion breakaway obscures the week's real story
The week's record total came from one giant institutional exit. Beneath it, the usual mid-market shift toward independent platforms kept grinding.
Raymond James presses a two-front talent war, from advisors to custody
A 14-move month and a Schwab custody hire put Raymond James on both fronts alone.
Private-markets gateways meet their first liquidity test
A redemption scare at Partners Group and the highest private credit stress since 2017 are forcing advisors to reread the fine print on semi-liquid funds.
Low-cost funds took half of record $1T ETF inflows
Half-year data show plain-vanilla funds still anchor advisor portfolios, even as issuers push active and private-market products.
Partners Group hits bottom of European financials on evergreen worries
A redemption scare at Partners Group has allocators re-reading the liquidity fine print of semi-liquid funds.
FINNY AI swaps flat fees for a cut of new assets
FINNY drops flat subscriptions for a cut of new assets. Small wins get cheaper, big wins cost more.
Cetera lands a $420 million Commonwealth duo in Durham
After a decade at Commonwealth, a Durham team brings its $420 million book to Cetera's Summit Financial Networks.
Private credit stress hits highest level since 2017
Renewed pressure in a $2 trillion asset class should send allocators back to their fund statements.
59 moves, one new office
The talent war has become a fight for the same chairs.
Family offices are now bidding against PE for real assets
Realm's platform and CVC DIF's Frankfurt data center trade put family offices in the same auction as the funds they used to back.
CVC DIF buys majority stake in Frankfurt data center operator firstcolo
CVC DIF's value-add fund is buying AI-ready capacity in Germany's densest data center market, handing CUBE Infrastructure an exit a day after its own fund posted fresh sales.
Goldman's Neos deal puts a price on the race to own product factories
Schwab's Forge close and Orion's Goldman custody integration extend the same logic. The likely cost to RIAs is fewer independent entry points.
Merrill's $129 billion institutional team breaks away to OpenArc
The GCIAS book is nearly 37 times the size of the period's next-largest breakaway, and every wirehouse institutional desk has noticed.
Wealth Managers Are Launching Funds as Fast as They're Buying Firms
PWD counted sixteen private-market fund launches in a month, matching announced acquisitions. Product manufacturing is the next front.
Family offices bought the assets. They left out the heirs.
As allocations surge, the $83.5 trillion transfer is running into a governance gap: heirs are not being brought into the decision room.
Goldman builds a private markets platform for wealthy clients
Direct stakes and secondary trading land in one unit, giving wealthy clients pre-IPO access and an earlier exit.
Family Offices Turn a 2011 Carve-Out Into Private-Equity Pay
The private-wealth talent war now turns on incentive structures.
Raymond James pulls a 29-year Schwab veteran into its RIA custody fold
Elyn Davis's move pairs her with fellow Schwab alum Greg Bruce in a planned succession, and the RIA custody market now reads like a talent war.
The Commonwealth diaspora dominates this week's AUM flow
Merit and Hightower pulled nearly $5 billion from LPL's future book while the week's other deals moved no disclosed assets.
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.
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.