Beacon Pointe Advisors Provides Ellevest Advisor Allison Kvikstad
Beacon Pointe Advisors, a $40 billion Newport Seaside, Calif.-based registered funding advisor, has employed former Ellevest advisor Allison Kvikstad as a companion and managing director.
Kvikstad leaves a job she held for over six years as senior personal wealth advisor at Ellevest. Earlier than that, she was a senior vp and funding supervisor with Wells Fargo.
Kvikstad makes a speciality of managing wealth for high-net-worth girls, households and personal foundations and can take part in Beacon Pointe’s Ladies’s Advisory Institute, which seeks to foster monetary training and independence for girls.
She additionally joins what Beacon Pointe known as the “largest female-led RIA within the nation,” together with a gaggle of girls managing administrators and advisors. Valerie Marquez, an affiliate wealth advisor, will make the transfer with Kvikstad.
This February, Ellevest CEO and founder Sallie Krawcheck stepped down attributable to an undisclosed medical prognosis. The agency is now co-led by CIO Sylvia Kwan and COO and CFO Connie Hsiung.
Caprock Group Hires Goldman Sachs Personal Wealth Advisor
The household workplace and RIA Caprock Group employed David Solow as a managing director from his place as a personal wealth advisor at Goldman Sachs.
Solow joins the Boise, Idaho-based Caprock after co-leading a staff at Goldman that oversaw $5 billion in shopper property. He will likely be primarily based in Caprock’s Chicago workplace and act as lead advisor for shoppers within the sports activities and leisure industries and ultra-high-net-worth households.
“We’re excited to welcome David to Caprock. His information and expertise in working with CEOs, entertainers, athletes, private-equity principals and high-end attorneys will additional improve Caprock’s companies,” Caprock co-CEO Invoice Gilbert mentioned in an announcement.
In an announcement with the information, Solow mentioned that becoming a member of Caprock would give him the “alternative and duty to behave as a fiduciary to symbolize my shoppers’ greatest pursuits.”
Caprock was based in 2005 and acts as an outsourced chief funding officer and chief monetary officer for 400 rich households with greater than $12.6 billion in property beneath advisement.
Wells Advisor Begins Agency With Raymond James Unbiased Channel
Raymond James introduced this week that Edward Gallie, a Backyard Metropolis, N.Y.-based advisor, will be a part of its impartial advisor channel.
Gallie is beginning Gallie Wealth Administration after greater than 13 years as a Wells Fargo-affiliated advisor, throughout which period he managed about $195 million in shopper property. The brand new agency will work with enterprise house owners, households, people nearing or dwelling in retirement and people with sudden wealth.
“I’ve discovered a house for my apply that provides the size of one of many largest impartial companies within the nation mixed with the autonomy to handle shopper accounts as I see match to serve their greatest pursuits,” Gallie mentioned in an announcement.
Mariner Tech SVP Leaves to Begin RIA Tech Consultancy
Chris Prepare dinner, previously senior vp of innovation with Mariner Wealth Advisors, has left the agency to launch an RIA tech consultancy.
Prepare dinner introduced on LinkedIn this week the launch of Obsydian Applied sciences, which can assist RIAs navigate the “advanced expertise panorama” and provides advisors extra time to work with shoppers.
“With hundreds of instruments on the market, it’s simple to get misplaced within the noise,” Prepare dinner wrote. “We goal to streamline this course of.”
Prepare dinner will stay in Overland Park, Kans., the place Mariner is headquartered.
Throughout his 9 years on the mega-RIA, Prepare dinner led the agency’s digital operations and scaled its expertise groups from six to about 65 workers, he wrote on LinkedIn.
On the Obsydian web site, advisors can fill out a type to get an AI-powered evaluation of their expertise stack and “AI implementation alternatives.”
