investments
Local investment firm affiliates with &Partners
Feb. 7. A group of investment advisors and staff has left Wells Fargo Advisors in Davidson to launch a fully independent practice. Chris Davis, the founder of Davidson Wealth Management, says the practice plans to move into a new mixed-use project at 480 S. Main being built by Lake Forest Church. When completed late this […]
Local investment advisors make Forbes 2024 ‘Best in State’ list
Feb. 27. According to Forbes magazine, the Standard & Poors 500 Index finished 2023 up more than 24 percent thanks largely to the strong performance of a handful of technology mega-caps including Apple, Microsoft, Meta and Nvidia. Nationwide, wealth advisory teams are still hunting for opportunities and putting client capital to work, though most remain […]
Hershey, Bradley trial moved to May 1
Feb. 21. The trial previously scheduled for defendants Marlin Hershey and Dana Bradley on March 13, has been moved to May 1 in the courtroom of Judge Frank Whitney. According to an indictment handed down by a federal grand jury in April, from approximately 2009 to 2021, Hershey and Bradley, both Cornelius residents, allegedly induced […]
United Community acquires investment advisor
May 13. United Community Banks has acquired FinTrust Capital Partners, a 13-year-old employee-owned investment advisory firm headquartered in Greenville, SC. As of March 31, FinTrust had assets under management of $2.0 billion. United has $18.6 billion in assets and 161 offices in Florida, Georgia, North Carolina, South Carolina and Tennessee. Local offices are in Huntersville […]
NC Retirement Systems: Lowest investments costs among peers
March 12. The NC Retirement Systems’ (NCRS) investment program is reporting more than $350 million in incremental cost-efficiencies. According to a recent CEM Benchmarking (CEM) report, the NCRS has the lowest investment costs of any state in the peer group analyzed for the report. Investment costs are broadly defined as the costs associated with making […]
