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Cary Street Partners acquires Richmond wealth management firm
Richmond-based Cary Street Partners said Tuesday it has acquired fellow wealth management firm Seneca House Advisors.
Uncle Sam wants you to save for retirement
Virginia financial advisers assess federal retirement savings initiatives including the new saver’s match and TrumpIRA.gov to boost IRA access.
2026 Forty Under 40: CHRISTINA TODD
FINANCIAL ADVISOR AND MANAGING DIRECTOR | CARY STREET PARTNERS | GLEN ALLEN
Morgan Stanley beats profit estimates on dealmaking windfall
Morgan Stanley beat profit estimates as investment banking revenue jumped 47% on a surge in M&A and debt underwriting.
Investment advising in the AI era
When wealth advisers and clients meet these days, it’s likely an AI tool will join in some capacity. As seems true of every industry right now, artificial intelligence is transforming wealth management and, by virtue, the adviser-client relationship. It might be tempting to predict — as some analysts have — that AI could put advisers […]
Virginia advisers outline 2026 investing strategies
One of the great ironies of investing is that even as the stock market notches record highs as it has this year, investors know the good times inevitably cannot last. If 2025 overpromised on uncertainty stemming from a new presidential administration, it also underdelivered on volatility. Aside from a steep — albeit short-lived — stock […]
Virginia 500 Spotlight: WAYNE F. WILBANKS
FIRST JOB: I worked in a Baskin-Robbins in downtown Chicago. Lost my appetite for ice cream for at least a decade. ADVICE FOR NEW COLLEGE GRADS: Several items of advice: Choose your business environment or partners very carefully as it will reflect directly on your success. Take entrepreneurial risks early in your career as you have […]
California business acquires Falls Church wealth management firm
Beacon Pointe Advisors has acquired Falls Church-based Hemington Wealth Management, adding $1.2B in assets.
JOSEPH W. ‘JOE’ MONTGOMERY
MANAGING DIRECTOR, INVESTMENTS THE OPTIMAL SERVICE GROUP OF WELLS FARGO ADVISORS WILLIAMSBURG
Banking | Finance 2025: CASSADAY, STEPHAN Q.
Since Cassaday founded his Northern Virginia firm in 1993, it has grown from $40 million in assets under management to $6.3 billion. Today, Cassaday & Co. has 93 employees advising more than 3,100 households. Cassaday ranked No. 52 on Barron’s Top 100 Financial Advisors list. Last year, Cassaday & Co. was one of 10 financial […]
Banking | Finance 2025: SPROWLS, RYAN C.
In April, after 25 years with Wells Fargo Advisors, Sprowls founded 114 Private Wealth, which has 11 team members managing $2.5 billion in assets. The firm is affiliated with Wells Fargo Financial Network, an independent broker channel. Ranked third among Virginia’s top wealth advisers, according to Florida’s SHOOK Research, Sprowls is also included on Barron’s 2025 list of t[...]
