Veteran financial adviser Ash Chopra, whose Merrill Lynch team managed $4.5 billion in San Francisco, has left the firm and launched Syon Capital, a registered investment adviser, which will use the custodian services of Charles Schwab & Co.
Most of the 10 professionals joining Chopra in the move were team members at Merrill, Syon said in a press release Thursday. Chopra had been with Merrill for 18 years.
“Within a wirehouse, our ability to brand ourselves as a multi-family office, and serve our clients as fiduciaries, was restricted,” Chopra, chief executive officer of Syon, said in the release. “As an independent organization, our family office model will enable us to serve our clients free from the constraints of a broker/dealer model.”
Integrated Partners is adding a mother-son 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
Financial advisors remain vital allies even as DIY investing grows
A trade deal would mean significant cut in tariffs but 'it wont be zero'.
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.
