A team led by Richard Kersting that managed $950 million at 1879 Advisors has joined New York-based Kuttin Wealth Management, a firm whose representatives are affiliated with Ameriprise.
Kersting, who has 33 years of experience, according to BrokerCheck, leads the nine-adviser New York-based team, all of whom made the move, along with seven support staff members.
Also making a move to Kuttin, which manages $5.1 billion, was Vincent Gianatasio, who managed $192 million at Cadaret Grant. Gianatasio has 44 years of experience and had been affiliated with Cadaret Grant for 32 years, according to BrokerCheck.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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