Derek Bruton News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Strategic acquisition adds second office in Pennsylvania and first in South Carolina; AUM nears $4 billion mark

Atria says Morrissey will be deeply involved in the firm's evolution and bring the firm into the next phase of growth.

Bruton, who left Kingswood U.S. in June, will lead Gladstone Group’s strategic growth consulting division.

Kingswood U.S. Names Michael Nessim CEO Nessim, president of Kingswood U.S. and CEO of Kingswood's SPAC, takes over the CEO duties of Derek Bruton, who has stepped down. Kingswood U.S. has named Michael Nessim, the firm’s president, its new CEO, replacing Derek Bruton, who said he was stepping down from the role last week. Kingswood spokesman Andrew Wang said Nessim will serve as both CEO and president on an ongoing basis. Nessim has been with Kingswood U.S., a hybrid wealth management firm with over $2 billion in assets under management, since its early formation as the domestic arm...

Will a Wealth Management SPAC Succeed? While the structure is appealing, RIA sellers often focus more on who the partner is going to be and what they bring to the table in terms of peer groups and resources. With a SPAC, a lot of those are unknown. Last month, Kingswood Acquisition Corp., a special purpose acquisition corporation, or SPAC, sponsored by the owners of British wealth management firm Kingswood Group and a sister company to advisory firm Kingswood U.S., announced that it had raised $115 million in its initial public offering. Kingswood plans to use the proceeds from the p...