Led by Glen Sher and Michael Jeshiva, the $470M Sher Jeshiva Group have left Wells Fargo to join Ameriprise (Financial Advisor)
Managing a combined $824M, Fisette & Kim Financial Services and Ginsburg Private Wealth have left Raymond James for &Partners and Janney Montgomery Scott, respectively (AdvisorHub)
RBC has snagged $1.6B KPM Wealth Advisory Group from Stifel (InvestmentNews)
Merrill Lynch's Cosby, Powell & Associates has joined Morgan Stanley bringing in $460M in assets (AdvisorHub)
Moneta's Global Partnership
Moneta Group has launched Moneta Global Wealth and formed a strategic partnership with London-based Thomson Tyndall to better serve U.S. expatriates, internationally mobile clients, family offices, and cross-border wealth planning needs.
Rather than establishing its own regulated entity in the U.K., Moneta chose Thomson Tyndall to provide regulatory oversight, operational support, and local expertise, enabling advisors to serve clients under the Moneta brand
CEO Erik Kittner said the move was fueled by increasing demand from clients living or working abroad, particularly in the U.K., where complex tax, regulatory, and currency issues require specialized cross-border advice
Moneta joins peers such as Creative Planning and Corient in expanding internationally, reflecting a broader industry shift as large RIAs pursue overseas growth and compete more directly with global wirehouses
Modera Wealth Management has appointed Shelly Kapoor as Chief Operating Officer and Gaurav Mallik as Chief Investment Officer (WealthManagement.com)
Previously at American Century Investments, Erik Schneberger has joined Cohen & Steers as Executive VP, Chief Marketing Officer (PRNewswire)
Co-founder of WE Family Offices, Cesar Pachon,will lead AlTi Global's Miami office as Managing Director(Citywire)
Previously at Lazard Wealth, Chris Tiano and Nick Smith have joined Cresset as Managing Directors (WealthManagement.com)
Why the Dollar Is Defying Expectations
Despite widespread expectations of a weaker U.S. dollar, the currency has remained resilient, supported by shifting global capital flows rather than traditional demand for U.S. government debt. While foreign appetite for Treasuries has softened amid geopolitical uncertainty and a deteriorating U.S. fiscal outlook, overseas investors have poured record amounts into U.S. equities, with net equity inflows exceeding $600 billion in the year through March 2026—more than double inflows into government and agency bonds. Strong corporate profitability, AI-driven growth prospects, and easier access to U.S. markets are attracting global investors, while advances in blockchain technology and stablecoins could further reinforce the dollar's role in global finance. However, this changing funding mix also introduces new risks. Greater reliance on equity inflows could make the dollar more vulnerable during market downturns, while efforts by countries such as Japan and China to encourage domestic investment and strengthen their own currencies could gradually challenge the dollar's long-term dominance.
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