DriveWealth partners with Wealthface. United Planners announced new general partners. Wealthface moves to the Middle East and North Africa (MENA) region. Modern Capital entered into a definitive agreement to acquire Western Equity Group, Inc. Addepar got an investment of $40 million by WestCap. GroupBleakley Financial added an advisor with $170 million in client assets from Northwestern Mutual. HiddenLevers helps financial advisors meet demand for discussions around risk. Advisors are scaling back on business meetings, conferences and events due to the coronavirus.
DriveWealth, LLC, a U.S. based leader in global digital trading technology, announced a new partnership with Wealthface LLC, an innovative UAE-based wealth management company and online investment platform.
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Portfolio management company Wealthface announced the launch of its robo-advice direct indexing platform for passive investors in the Middle East and North Africa (MENA) region. The company will operate out of its UAE offices in Abu Dhabi.
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Bleakley Financial, a firm affiliated with Private Advisor Group, an office of supervisory jurisdiction of LPL Financial, announced it had added an advisor with $170 million in client assets from Northwestern Mutual.
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Addepar, a leading technology platform for wealth management, announced an investment of $40 million by WestCap Group (“WestCap”). The investment was led by Laurence Tosi (“L.T.”), a member of Addepar’s Board of Directors for the past two years as well as WestCap’s founder and managing partner, and by Scott Ganeles, senior partner at WestCap. As longtime partners, Tosi and Ganeles also co-founded iPreo, a leading capital markets fintech company.
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United Planners announced new general partners. Mike Baker, President, CEO and General Partner of United Planners announced the latest addition of General Partners to the Firm: Billy Oliverio, Chad Shindel and Sheila Cuffari-Agasi.
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As the global pandemic is morphing into a global recession, financial advisors face incredible demands for discussions around risk, in both client retention and new client engagement. HiddenLevers, a premier technology provider in the wealth management space, is inviting in new customers for a 30-day free trial until the end of March, to help meet that demand.
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Modern Capital, a diversified financial services firm, announced that it has entered into a definitive agreement to acquire Western Equity Group, Inc., an SEC Registered and FINRA member Broker-Dealer.
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Events
Advisors, like the rest of the nation, are scaling back on business meetings, conferences and events due to the coronavirus. Here is a running list of wealth management events and conferences canceled and postponed by the novel coronavirus pandemic.
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