SteelPeak Wealth Adds BNY Pershing as Custodian


SteelPeak Wealth, a Los Angeles-based registered investment advisor backed by Emigrant Partners, has added BNY Pershing to its custody options for its more than 30 financial advisors.

The RIA is adding to custody setups it has with Charles Schwab, Fidelity Investments’ NFS and Interactive Brokers, according to its Form ADV. A spokesperson confirmed the RIA would continue with the multi-custodial setup.

BNY Pershing announced that it is working with SteelPeak Wealth for clearing, custody and technology in a LinkedIn post.

“We’re thrilled to announce a new strategic relationship between BNY Pershing and SteelPeak Wealth,” the firm wrote. “This exciting milestone connects our clearing, custody and technology capabilities with SteelPeak’s advisor-centric operations to help streamline advisor workflows and operational processes for advisors and their clients.”

SteelPeak Wealth, which a spokesperson said now manages more than $4.2 billion in client assets, responded on LinkedIn, calling the setup “an exciting new chapter.”

SteelPeak Wealth is owned and founded by partners Reza Zamani, Maz Esmailbeigi and Ali Zamani. The firm sold a minority stake to Emigrant Partners in February 2023. 

The RIA’s services include investment management, insurance, estate planning and tax consulting. In October, it announced the launch of a family office division focused on high-net-worth individuals and families. It also has a sports division that specializes in wealth advice for athletes.

Related:Mariner, Apella Wealth Announce $1.7B+ Deals





Source link

  • Related Posts

    Stop chafing in its track this summer with these editor-tested, anti-chafing favorites

    Anti-chafing products, like creams, sticks and powders, can help relieve the sticky, itchy, burning discomfort on your skin during the warmer months. Whether you’re a runner who likes to take…

    Goldman Sachs Files for Bitcoin ETF With Income Strategy

    (Bloomberg) — Goldman Sachs Group Inc. this week became the latest major Wall Street firm to file for a Bitcoin ETF — joining Morgan Stanley, BlackRock Inc. and a growing…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Stop chafing in its track this summer with these editor-tested, anti-chafing favorites
    Goldman Sachs Files for Bitcoin ETF With Income Strategy
    Mexico investigating after CIA employees die in crash following drug lab raid
    Georgia troopers fired over alleged practice of seeking insurance payouts after chases
    Morgan Stanley CEO Highlights Private Credit Growth Potential
    Flu vaccine no longer mandated for US troops, Hegseth says