Managers of Wealth Americas

President and CEO Alex David Named to Wealth Solutions Report’s Top Black Industry Leaders of 2026

David is one of five industry leaders selected for this distinction.

Bipartisan retirement reform should now address investment access

Even after the progress made from SECURE 1.0 and 2.0 legislation, the landscape of retirement plans – particularly around collective investment trusts, 401(k)s, and 403(b) plans – remains lopsided.

iCapital, Envestnet Expand UMA Access for Alternatives, Structured Products

Envestnet advisors can now integrate iCapital’s alternative investments into UMA portfolios, streamlining access to private market solutions.

UK state-backed fund Nest invests £450mn in US private credit

Workplace pension scheme targets 30% allocation to private markets by 2030 despite growing strains on asset class

Modern Wealth Management Acquires $1.2B Legacy Wealth Management

The firm offers financial planning, investment management, estate and tax planning, and retirement planning to ultra-high-net-worth clients, including pilots, professional guardians, and trustees.

State of Alaska Department of Revenue Sells 191,010 Shares of Wells Fargo & Company $WFC

Legacy Bridge LLC boosted its holdings in Wells Fargo & Company by 3.0% in the 4th quarter.

Canadian asset manager lands $3.88bn for new secondaries fund

Market for secondaries continues to grow

Corient Announces Acquisition of Vivaldi Capital Management

Firm strengthens its private partnership model and adds $5.6 billion in client assets

US banks could release $320 billion in capital with new draft rules, analysts say

Morgan Stanley expects the banks to begin giving preliminary ranges of capital they will be able to release once the rules are implemented, during the first-quarter ‌earnings ⁠calls.

State Street Expands Long Partnership With Thornburg to Support New ETF Share Classes

The announcement marks only the second active ETF share-class servicing mandate in the US, with State Street serving as provider, underscoring momentum among active managers seeking greater flexibility in how they deliver their strategies to investors.

$2.4 Billion Advisory Team Launches Evertern Wealth in Naples, Florida

Veteran Advisors Jason Stephens and Mic Lundon Establish Boutique Family Office Advisory Firm Serving High-Net-Worth Families

LGT Capital Partners expands US venture capital platform with core fund investing team of Sapphire Partners

Integration of US-based venture capital fund investment team strengthens LGT Capital Partners’ global venture platform and expands its US presence

Morgan Stanley Plans Private Credit Fund Even as Investors Flee

The nontraded vehicle enters a challenging market, as the private credit industry is facing its greatest liquidity squeeze to date.

BlackRock Files to Challenge Invesco’s Nasdaq 100 ETF Monopoly

Should it launch, IQQ would become one of just a handful of US-listed ETFs to solely track the Nasdaq 100.

Mercer Advisors Expands New Jersey Presence With Addition of Personal Financial Solutions

Planning-focused firm brings approximately $150 million in client assets and nearly three decades of fiduciary service

Prudential Advisors welcomes two advisors with over $300M in assets

Keith Loegering and Brian Montalbano join existing teams at Prudential Advisors to leverage greater independence, growth opportunities and enhanced client support.

Merit Financial Advisors Acquires Strategic Retirement Plans, Expands Presence in Montana and Wyoming

Previously affiliated with Commonwealth Financial Network, Strategic Retirement Plans has built a strong reputation for helping clients transition confidently from their working years into retirement

48-year-old Citi rates trader unable to workout during war. The man with the worst job in hedge funds

The way that you take advantage of volatile market conditions is to be one step ahead of the market.

Multistrategy hedge funds' 2025 hiring (and firing) laid bare in ADV filings

With 6.670 employees, Millennium is nearly twice as big as Steve Cohen's Point72 and more than twice as big as Ken Griffin's Citadel.

Brazil's central bank boosts gold holdings to second-largest reserve asset in 2025

Gold's share has increased more than tenfold since 2016, when it accounted for 0.7% of total reserves.

Alternative Investments