Clayton Ortloff, an advisor out of Midland, Texas, will join the independent broker/dealer’s model for advisors looking for more autonomy while buttressed by back office support.
The $4 billion AUM firm now has 11 offices across the nation.
The RIA said it was acquiring the two San Francisco-based teams. This follows last week’s announcements that multi-billion-dollar former First Republic teams had joined Merrill Lynch and Citizens Bank.
Aliprantis’s hire is part of a plan by EQT to expand its global private wealth business.
Private equity participation picked up after a 2023 dip, five deals involving over $20 billion in assets were announced and a couple of new names appeared on the list of top buyers.
The Denver-based outsourced family office tapped Tom Riley to lead portfolio management as part of a growth strategy targeting bank breakaways.
The SEC’s new quarterly reporting rules could help make private funds far more accessible to retail investors. But they are a huge task to implement.
The teams are leaving J.P. Morgan Wealth Management to join Bank of America Merrill Lynch and Citizens Bank.
