Does Independent Trust Have A Future? Kestra Acquisition (And Looming Sale) Raises Questions
The deal didn’t make a lot of waves immediately. But among those who were paying attention, the Reliance buyout amounted to a declaration of war.
Ex-National Advisors Trust CEO Ron Ferguson Died, 69, This Week
Ex-National Advisors Trust CEO Ron Ferguson, 69, died on Sunday.
More Advisors, Estate Planners Seen Starting Trust Companies
At a time when financial advisors are looking for every possible business advantage, launching an advisor-owned trust company appears to be an increasingly attractive option.
At least 50 advisory firms around the country have opened up trust companies so far over the past 5 years, and that's just according to the banking authorities in three states: South Dakota, Nevada and New Hampshire.
The benefits to opening up a trust company include “stickier” assets, additional revenue, and a chance to differentiate a firm in a cutthroat marketplace, experts say.
Morgan Stanley RIA, On Holiday Dies In Accidental Drowning in Antigua
Morgan Stanley VP Ryan James Vollmer, 44 died last week under suspicious circumstances after a hotel party in St. Johns Antigua
Ryan Vollmer, 44 above swimming on this beach last week drown at 1am following a party he attended at the Galley Bay Hotel in Antigua. Local police continue an investigation to determine possible suspicious circumstances.
Police reports indicate that Vollmer was a listed as a guest at the Galley Bay Hotel, apparently had just returned to the hotel from an outing, and decided to go for a swim.
FolioDynamix to Acquire Assets of Summit Advisor Services
FolioDynamix, announced the acquisition of the assets of Summit Advisor Solutions (“SAS”), a Dallas-based firm focused on providing advisory services in the RIA market. SAS will transition its technology and advisors over to the FolioDynamix platform under the firm’s “FDX Complete” offering, which is an out-of-the-box advisory and technology solution for RIAs of any size.