Castle Ridge Announces Strategic Investment From Canaccord Genuity

Castle Ridge Announces Strategic Investment From Canaccord Genuity

We are proud to announce that our sponsor, Castle Ridge Asset Management has obtained a strategic investment from noted global financial firm Canaccord Genuity!

 

CASTLE RIDGE ASSET MANAGEMENT ANNOUNCES STRATEGIC INVESTMENT FROM CANACCORD GENUITY INC.

TORONTO, May 28, 2019 – Artificial Intelligence powered hedge fund, Castle Ridge Asset Management Limited (“Castle Ridge”), announced today that it has accepted a strategic investment from Canaccord Genuity Group Inc. (“Canaccord Genuity”), a leading global financial services firm that specializes in wealth management and capital markets.

The investment will enable Castle Ridge to expand its distribution channel with Canaccord Genuity Wealth Management, which manages over $60 billion in […] Read more

Wealth Advisers Are Fleeing Big Banks For Smaller Firms

Wealth Advisers Are Fleeing Big Banks For Smaller Firms

From Bloomberg– read original here 
 
By

Sophie Alexander

May 13, 2019, 8:30 AM EDT Updated on May 13, 2019, 1:12 PM EDT

UBS team overseeing $530 million latest to go independent

Breakaway firms have parked $25 billion on Dynasty’s platform

Another day, another team of wealth advisers leaving a Wall Street bank.

Four UBS Group AG private bankers overseeing $530 million in client assets are the latest to strike out on their own, creating a Portland, Maine-based firm called Great Diamond Partners, according to a statement Monday. Last week, five Bank of America Corp. advisers in Atlanta overseeing $450 million in client assets departed, while a $6 billion Texas […] Read more

Forbes Family Trust Buys Optima & AM Global Family Office

Forbes Family Trust Buys Optima & AM Global Family Office

Source: Institutional InvestorIn November, Forbes Family Trust announced it was expanding in the U.S. with the purchase of AM Global Family Investment Office in Palm Beach, Florida. The deal was completed in January.

The parent of Forbes Family Trust has agreed to buy Optima Fund Management, an alternative investment firm with about $2 billion of assets under management.

As part of the deal, Optima founder D. Dixon Boardman will immediately become vice chairman of Forbes Family Trust, according to a statementThursday from its parent FWM Holdings. The firm did not disclose terms of the purchase, which is expected to be completed in the third quarter.

Forbes Family […] Read more