Wealth Access raises $1.5M, looks for more

Investment management dashboard adds local big names to board
Feb 12, 2014 6:22 AM

Diversified Trust streamlines back-office providers

Regional investment management firm Diversified Trust has chosen Florida-based FIS to handle its back-office needs, including data aggregation and asset reporting, and BMO Global Asset Management to handle its custody and trading information. Diversified, which oversees $5 billion in assets for its clients, had been using a variety of other vendors.

“We pride ourselves on the level of personal service we offer our clients,” said John Seckman, the Nashville-based president and COO of Diversified. “Partnering with FIS and BMO Global Asset Management allows us to focus more completely on our clients’ needs while remaining secure in the knowledge that we are fully compliant with all financial regulations.”

Feb 7, 2014 1:02 PM

KC financial planning firm opens Brentwood outpost

Fast-growing company picks Peachtree planner to run office
Feb 6, 2014 2:34 PM

Argent Trust names Jones VP

Argent Trust Co. has named Matthew Jones vice president and financial advisor. Jones will serve Argent’s high-net-worth clients providing trust, investment, estate and family office services. He will work with Howard Safer in the company’s Nashville office.

Jones started his career as a financial advisor at Ameriprise Financial. In 2009, he was employed by Charles Schwab & Co. in its active trading division and was promoted to vice president and financial consultant in its Nashville office. 

Argent Trust Co. is a subsidiary of Argent Financial Group Inc. 

Feb 5, 2014 7:01 AM

Kraft adds veteran wealth advisor

Former U.S. Trust official to serve as senior manager
Feb 4, 2014 11:07 AM

Three plead guilty in Hanover Ponzi trial

Trio ran scheme that cost investors $18M
Feb 3, 2014 11:22 AM

BB&T unit lifts Ryman stake to almost 8%

Managers of $45B bought big during Q4
Jan 24, 2014 12:40 PM

VU recruits two investment managers

Duo focused on hedge funds, public equities
Jan 3, 2014 10:22 AM

State retirement system continues PE push

The Tennessee Consolidated Retirement System finished 2013 with a bang, sending out checks for some $400 million to a number of private-equity funds as it seeks to reach its 3 percent asset class target. Chris Witkowsky at PE Hub has the rundown:

• $20 million to OrbiMed Private Investments V
• $20 million to Drive Capital Fund I
• $75 million to Olympus Growth Fund VI
• $75 million to AXA Secondary Fund VI
• $55 million to Merced Partners IV
• $55 million to General Catalyst
• $60 million to Trident VI
• £40 million to Vitruvian Investment Partnership II

Click here for background info on the other millions the state pension system has placed in the hands of private-equity managers since 2009.

Jan 2, 2014 12:10 PM

Kirkland's, Acadia top area stocks in '13

Eight locals post gains of 50% or more
Jan 2, 2014 6:50 AM