Kevin Recio

Three months after the LPL Financial deal was announced, two more Commonwealth Financial Network teams managing almost $1B combined have set up fee-only RIAs in #Pennsylvania and #California: https://lnkd.in/edjeAVPH #wealthmanagement #lpl #commonwealth #advisormoves #ria

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A Long Island-based team managing approximately $1.8 billion in assets is relocating from Merrill to Wells Fargo, while Merrill Lynch is acquiring an $800 million team from UBS in Rhode Island.

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Vanguard is leaning into active bond trading, with a flurry of recent hires and new product launches, particularly on the ETF front. The latest addition is Alex Payne, CFA who previously oversaw about $4 billion worth of funds at Morgan Stanley Investment Management. One of his key projects at Vanguard: Growing the Government Securities Active ETF (VGVT), which launched last year. https://lnkd.in/eaT96fhi

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Gary Shields, Chairman and Managing Partner of Nassau Street Partners, recently shared his market outlook on national financial television. His perspective: • AI is structural, not cyclical • Liquidity conditions remain supportive • Credit markets are not signaling systemic stress • Strong balance sheets and earnings continue to underpin the broader market While headlines focus on disruption and volatility, long-term fundamentals remain central to capital allocation decisions. Watch the full interview below. https://lnkd.in/g3zahPij

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Rhode Island will price $221,360,000 of General Obligation Bonds Consolidated Capital Development Loan of 2026, Series A (Tax-Exempt) and Series B (Federally Taxable)* the week of 4/5. Find a POS and learn more on their IR website – https://hubs.la/Q049kjTr0 #muniland #bonds #publicfinance #munibonds

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OceanFirst to buy Flushing, raise $225M from Warburg Pincus The deal is expected to create a $23 billion company with operations focused around New Jersey and New York. https://buff.ly/IdnLr2X #FinTech #FinServ #Banking

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The U.S. Commodity Futures Trading Commission unveiled its new Innovation Advisory Committee. The 35-person committee is a mixture of leaders from financial institutions, crypto firms and prediction market operators. The latest on the CFTC's new committee: https://lnkd.in/eWDmJs38

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Today, the Canton Network underpins a diverse and rapidly expanding set of use cases, including bonds, equities, money market funds, alternative investment funds, commodities, repos, mortgages, life insurance, and annuities. With more than $6 trillion of assets onchain, over 600 institutions now participate across the Canton ecosystem, including global leaders in both traditional and decentralized finance. https://lnkd.in/e4A7VncS

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Morgan Stanley is set to cut 230 jobs in Manhattan, while LPL Financial's recent acquisition, Atria Wealth Solutions, is laying off 55 in Houston, 31 in Syracuse, and 82 in San Diego. https://hubs.la/Q03qry-D0

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This morning, experts Scott Anderson - KBW, John Asbury - Atlantic Union Bank, Joe Gulash - KBW & Jim Ryan - Old National Bank discuss the uncertainties of the rapidly changing M&A market. #AOBA26 https://lnkd.in/eFzJG6PX

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On December 2, 2025, Creative Planning announced the acquisition of Burt Wealth Advisors. Burt Wealth is an established RIA headquartered in North Bethesda, Maryland, with approximately $1 billion in assets under management. Gorman Jones acted as exclusive financial advisor to Burt Wealth in connection with the transaction. 

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JPMorganChase, the largest financial services firm in the United States with more than four trillion dollars in assets, will relocate its Boston operations to the new South Station Tower in early 2028. The move marks a major investment in the city’s economic future and positions the firm as the anchor commercial tenant in one of Boston’s most significant real estate developments. The bank will occupy more than eight floors and create space for up to one thousand employees. It also plans to add several hundred new roles over the coming years. The fifty‑one‑story tower, developed by Hines with APG and Dune Real Estate Partners, delivers six hundred eighty thousand square feet of next‑generation office space connected directly to the region’s busiest transit hub. Mayor Michelle Wu said she is thrilled to welcome JPMorganChase to South Station Tower and emphasized that the investment will bring new jobs and strengthen downtown. She added, “This move reinforces Boston’s standing as a place where global companies choose to invest and grow.” JPMorganChase already employs more than sixteen hundred people in Boston and contributes over one point four billion dollars annually in local economic output. Bank's executives said the relocation will bring teams from every line of business under one roof, creating a hub that supports clients across life sciences, healthcare, technology, robotics and artificial intelligence. The firm also plans to continue expanding its hiring and branch network across New England. Source: JPMorganChase    #JPMorganChase #Boston #CommercialRealEstate #SouthStationTower #EconomicGrowth #FinancialServices #Bank #Expansion

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Nassau Financial Group's Chief Investment Officer Joseph Orofino joins Paul Tyler to analyze the current economic landscape and its impact on retirement planning. They examine how Federal Reserve rate cuts affect annuity products, discuss inflation expectations hovering around 3%, and explore the looming Social Security funding crisis. Orofino explains why higher long-term interest rates benefit the annuity industry and shares insights on portfolio diversification strategies, including concerns about the S&P 500's heavy concentration in AI and tech stocks. Key topics include treasury rates, tariff impacts, sovereign wealth funds, and annuities. Learn more at www.thatannuityshow.com

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Investment Analyst Grace Ogden highlights how over 30% of euro bond issuance now comes from U.S. companies seeking stability amid domestic economic and fiscal uncertainty. As Treasury yields rise and policy uncertainty mounts, some issuers are finding more predictable debt markets overseas. Read today’s Chart of the Week: https://lnkd.in/eKyb77vu #markets #investing #bonds #fixedincome #creditmarkets #fiscalpolicy #corporatedebt #eurobonds #debtmarket #yields #volatility #liquidity #interestrates #assetmanagement

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Nassau Financial Group’s Chief Growth Officer, Tom Buckingham, was recently featured in GoBankingRates discussing a key question many savers are asking as they prepare for retirement: What is the real minimum you need to save to retire without downsizing? Tom points to what counts—where you live, and more. “There’s no universal number because everyone’s situation is different.” He notes, “You have to take into account where you live, property taxes, insurance rates and local cost of living, he stressed. “It’s most important to build a plan that reflects your state and lifestyle, not a one-size-fits-all formula.” Read the full article by Jordan Rosenfeld: 🔗 GoBankingRates: https://lnkd.in/eBgW3Fdr #Annuities #Longevity #FinancialWellness

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State Street surpasses $50 trillion in AUC/A  CEO Ronald O'Hanley credits disciplined execution and client-focused innovation for driving record assets and steady fee growth. https://lnkd.in/eQRs-pe3

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JPMorgan Chase plans to add 300 jobs in Boston as it doubles headcount for its commercial and private banking divisions to serve the innovation economy.

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Synchrony has acquired consumer financing software firm Versatile Credit, the Stamford, Connecticut-based private label credit card issuer said Wednesday, the day the deal closed. Mechanicsburg, Pennsylvania-based Versatile allows retailers and healthcare providers to offer their customers financing in-store and online. The company has about 60 employees and all are joining Synchrony, a spokesperson said. Terms of the deal for Versatile, which was sold by private equity firm PSG, were not disclosed. https://lnkd.in/eyw3ahDs

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