Wealth Management Group
220 Beiser Blvd
Dover, DE 19904
No. advisers: 6
|Financial planning clients||1-10|
|High-net-worth client assets||Up to 75%|
|Percentage of assets under management||Yes|
|Total AUM||Total Accounts||Avg. Account AUM|
March 13, 2019 - First Republic Private Wealth Management has hired Michael S. Lee, who ran J.P. Morgan Securities' prominent Midtown Manhattan branch, to run its New York office, according to two sources with knowledge of the move. Mr. Lee was a prominent branch manager...
March 2, 2019 - For Laura Steckler, managing director at Steckler Wealth Management Group for Raymond James, financial literacy and multigenerational planning are the cornerstones of her practice. Ms. Steckler, whose clients include more than 300 households, has spoken...
February 28, 2019 - As it deals with turnover at the top of its management ranks, Cetera Financial Group is on pace to recruit advisers with $5 billion in client assets over the first two months of the year, according to senior Cetera executives. Cetera Financial's recruiting...
February 19, 2019 - The alternative minimum tax used to plague many clients of financial advisers, but the AMT has lost much of its bite due to tax reform. "No one's really paying it this year," said Jamie Hopkins, director of retirement research and vice president of private...
February 12, 2019 - Wells Fargo Advisors is having a tougher time finding new clients, according to a senior executive at Wells Fargo & Co., despite the fact that the bank is sending $10 billion in client asset referrals annually to its wealth management group. "It's harder...
January 22, 2019 - The Treasury Department's new package of rules around the pass-through tax deduction is good news for financial advisers whose clients own rental property or invest in mutual funds that hold real estate investment trusts, according to tax experts. But...
January 22, 2019 - A two-person team managing $200 million in assets and a solo adviser managing $138 million have left Wells Fargo Advisors in Portland, Maine, and joined Steward Partners Investment Advisory. The advisers will open a new office for the hybrid firm, its...
January 17, 2019 - As the broad market churned and fell in the last three months of 2018, Morgan Stanley's wealth management group saw net revenue fall to $4.14 billion, a 6% decline from the same three months a year ago. In its earnings release, the company said revenue...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
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*Methodology:InvestmentNews qualified 2,172 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2018. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2017, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.
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