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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

The Right Way To Network & It’s Not With Name Tags

The Right Way To Network & It’s Not With Name Tags

 

I am often asked why we don’t use name tags at most of our socials.  Just ran across the following article from INC Magazine that explains our networking philosophy to a tee.  Enjoy!

Read the original article here 

By Nicolas ColeContributor, Inc.com@Nicolascole77

 

 

The 1 Networking Rule 99 Percent of People Are Afraid to Follow, but Should

How many times have you found yourself at a networking event, only to feel like you’re at a networking event?

I’ll let you in on a little secret: These aren’t the events where real networking is taking place.

I don’t go to networking events. I don’t attend things that require me […] Read more

Palm Beach Global Finance Forum: A Huge Successs!!

Palm Beach Global Finance Forum: A Huge Successs!!

The first annual Palm Beach Global Finance Forum was a huge success across the board!

As nearly 300 hedge fund, wealth, and alternative asset professionals gathered at the beautiful, oceanfront Four Seasons Resort on Palm Beach Island, we quickly learned that this would be no ordinary conference.

Rather than the same old, same old, guests were treated to a tour de force of billionaires, allocators, and cutting edge financial thinkers from the stage.

PBHFA Founder David S. Goodboy chatting with Jeff Greene

 

Names like real estate billionaire Jeff Greene, Terrapin Partner’s Nathan Leight, Marc Bell co-founder of the $9 billion REIT Armour […] Read more

$2.5 Billion RIA Opens Palm Beach Office

$2.5 Billion RIA Opens Palm Beach Office

Hamilton Capital Opens Palm Beach Office, Increases Florida Footprint

Growing RIA offers dynamic asset allocation approach to clients across 42 states

Columbus, Ohio and Palm Beach, Fla. – April 2, 2019 – Hamilton Capital (Hamilton), a Columbus-based registered investment advisor (RIA) with more than $2.5 billion in assets under management (AUM), today announced it has opened an office in Palm Beach, Florida, further expanding its Florida footprint.

“Florida is home to the second highest concentration of Hamilton clients; we look forward to introducing our services to other investors in the thriving […] Read more

West Palm Beach’s Sound Royalties Leading Hedge Funds To 30% Fees ??

West Palm Beach’s Sound Royalties Leading Hedge Funds To 30% Fees ??

FROM BLOOMBERG: CLICK HERE FOR ORIGINAL

 

By Miles Weiss
(Bloomberg) — Stephen Marley comes from music royalty.
Sean Garrett has written and produced smash hits for Beyoncé,
Usher and Ciara.
Even so, when they and hundreds of lesser-known names in
the world of hip-hop and rap needed cash, one Wall Street figure
emerged as an unlikely source behind the financing: hedge-fund
titan Jamie Dinan.
In a few short years, Sound Royalties, a West Palm Beach
firm started within a unit of Dinan’s York Capital Management,
has become ubiquitous in the music industry. Proudly billing
itself as “artist friendly,” it offers cash advances to
musicians, who often have to tide themselves over between
royalty checks […] Read more

Hedge Fund Managers Flocking To Miami Creates Massive Private School Wait Lists

Hedge Fund Managers Flocking To Miami Creates Massive Private School Wait Lists

Wealthy CEOs and hedge-fund managers are flocking to Miami for the tax breaks, and it’s creating massive waiting lists at the area’s elite private schools

Katie Warren
CLICK HERE FOR ORIGINAL SOURCE-– BUSINESS INSIDER BY KATIE WARREN

“Tax refugees” moving to Florida from New York, New Jersey, California, and other states are prompting huge waiting lists at elite Miami private schools. Getty Images

Wealthy CEOs and hedge-fund managers from high-tax states like New York, New Jersey, and California are flocking to Miami for the tax breaks.
The influx of affluent out-of-state buyers is creating huge waiting lists at the area’s most elite private schools.
One school said the number […] Read more

We Are Thrilled To Announce Billionaire Investors For April 10th!!

We Are Thrilled To Announce Billionaire Investors For April 10th!!

We are thrilled to announce the addition of billionaire investors Jeff Greene and Nathan Leight to the investor speaker list for our first annual Palm Beach Global Finance Forum on April 10th !!!

 

#645 Jeff Greene

REAL TIME NET WORTH
$3.4B
as of 3/6/19

Jeff Greene became a billionaire by buying credit default swaps on subprime mortgage-backed bonds as housing crashed.
Most of his fortune is now held in equities and other investments plus real estate in Los Angeles and Palm Beach.
Greene spent over $30 million in the summer of 2018 trying unsuccessfully to win the Democratic primary for governor.
Greene traveled the country selling circus tickets […] Read more

A Valuable Evening With UBS Private Wealth & FLSV

A Valuable Evening With UBS Private Wealth & FLSV

On February 13th, The Palm Beach Hedge Fund Association hosted an educational evening with UBS & Frankel Loughran Starr & Vallone LLP.

UBS’s Private Wealth Management Team of CJ Van Hoek, Nathalie Tremblay & Amato Zarro led the discussion with a focus on UBS’s Premier Hedge Fund Program.  The program emphasizes how hedge fund managers & employees can create liquidity by borrowing against their LP interests.

 

Keeping with the timely, actionable information; the team of Mary Elizabeth Tarter,  Alan Frankel, Hyejin Tak & Gregg Martorella of FLSV provided deep insight into the latest tax cuts and job act.  It was fascinating learning […] Read more