Emigrant Partners, a subsidiary of New York Private Bank & Trust, has made a minority investment in Gerber Taylor Capital Advisors, an advisory firm in Memphis, Tennessee, that manages and advises on $13.8 billion in assets.
Financial terms of the investment were not disclosed.
The transaction will support succession planning among the partners of Gerber Taylor and “secure an independent future for the company,” New York Private said in a release.
The bank is one of the largest privately held, family owned and operated banks in the country. It is led by Howard P. Milstein and the Milstein family, large New York City real estate owners.
Carson is expanding one of its relationships in Florida while Lido Advisors adds an $870 million practice in Silicon Valley.
The approval of the pay proposal, which handsomely compensates its CEO and president, bolsters claims that big payouts are a must in the war to retain leadership.
Integrated Partners is adding a husband-wife tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.
Futures indicate stocks will build on Tuesday's rally.
Cost of living still tops concerns about negative impacts on personal finances
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
