Beacon Pointe Advisors has acquired female-led Massachusetts firm Financially In Tune, bringing in $360M in assets (WealthManagement)
Led by Doug Swope, $1.25B Devon, PA-based Stillwater Capital Advisorshas been acquired by Captrust (ThinkAdvisor)
Formerly associated with RBC, $400M The McEwen Group has merged with Prairie Wealth Advisors in Nebraska, creating a $1.2B firm (Citywire)
Corient has acquired $7.8B Capital Advisors,an RIA operating out of Oklahoma with additional offices in seven other states (ConnectMoney)
New RIA Launch
A 22-person advisory team led by Jeffrey Wyatt, Jason Hyrne, Adam Kirby, and Melissa Storch has left Wells Fargo's FiNet after more than 20 years to launch Jacksonville-based fee-only RIA, Gryphon Wealth.
Gryphon Wealth will custody assets with Wells Fargo’s First Clearing and partner with TradePMR for middle-office support, reflecting a growing trend of breakaway advisor teams maintaining ties to legacy custodians
The firm will leverage TradePMR’s Fusion technology platform, integrating digital account opening, trading, and CRM, while exploring AI, estate planning, and tax-planning capabilities to create a more unified client experience
The move comes as TradePMR—acquired by Robinhood in 2024—expands its advisor ecosystem, including a recently launched pilot for the Robinhood Advisor Network referral program
Vanguardnames Ursula Marchioni,former BlackRock executive, as Head of Multi-Asset & Advisor Solutions for Europe (Finews)
Abhay Laijawala has been appointed Chief Investment Officer for global investment firm Lighthouse Canton's India operations (hubbis)
Robert Camacho joins Guggenheim Investments as Chief Strategy Officer (YahooFinance)
Full-service broker-dealer, Ceros Financial Services, has appointedCassel Shapiro as Head of Capital Markets (PR Newswire)
Wages Shrink Across Developed Economies
The economic fallout from the Iran conflict is beginning to erode real wages across major developed economies, threatening consumer spending and complicating central bank policy. Higher energy costs triggered by disruptions to the Strait of Hormuz have pushed inflation above wage growth in countries including the US and UK, reversing a fragile recovery in household purchasing power. In the US, inflation climbed to 3.8% in April, outpacing hourly earnings growth for the first time in two years, while UK workers face near-stagnant real wage growth amid weakening hiring conditions. Economists warn the renewed energy shock could delay wage recoveries across Europe, with some forecasting flat or negative real wage growth in 2026. Policymakers face a dual challenge: weaker consumer demand could weigh on growth and employment, while stronger wage demands risk prolonging inflation. Although a potential reopening of the Strait could ease pressure, economists caution that sustained inflation may further squeeze corporate margins and labor markets.
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