- Kirk Sadler has been appointed as chief product officer at Red Oak, a financial compliance platform. In the newly created role, Sadler will work with Red Oak’s engineering, sales, marketing, and leadership teams to accelerate priorities and ROI for existing and future clients. Prior to joining Red Oak, Sadler served as VP of product at Mitratech.
- Lance Terveen has joined Houston-based EIV Capital, a private equity firm. Terveen will support the firm’s investment evaluation, business development, and commercial diligence, with a primary focus on midstream infrastructure. Additionally, Terveen will also consult on post‑close value creation. Prior to joining EIV Capital, Terveen served as SVP of marketing and midstream at EOG Resources, where he led enterprise‑wide marketing, midstream strategy, and commercial activities covering crude oil, NGLs, and natural gas.
- Aron Grossman and Zubin Malkani have been appointed as co-heads of investments at Gemspring Capital, a middle-market private equity firm. They will be responsible for overseeing investments while also assuming broader leadership responsibilities across the firm’s investing platform. Grossman joined Gemspring in 2017, and Malkani joined in 2022.
- Maryann Mannen has been elected to the board of directors as an independent director for Prudential Financial. Mannen will serve on the board’s corporate governance and business ethics committee and compensation and human capital committee. She will assume her position on May 12. She currently serves as CEO, chairman, and president of Marathon Petroleum Corporation and its subsidiary, MPLX LP.
- Financial advisor Sean Buxton has joined The Bahnsen Group, a wealth management firm, and will be based at the firm’s newest office in Campbell, California. Prior to joining The Bahnsen Group, Buxton served as a senior wealth advisor at Legacy Capital Group. Additionally, the firm’s senior associate Eddie Molina, has relocated to the new Campbell office from the firm’s Newport Beach headquarters. The Bahnsen Group plans to open a 12th office location in the second quarter of this year.
- Lindsay O’Toole has been tapped as SVP of investment platform operations at RIA Mercer Global Advisors. O’Toole is responsible for leading and supporting advisory teams and will be working closely with Mercer Advisors’ investment committee and CIO Don Calcagni, to streamline daily investing experiences for clients and advisory teams. O’Toole joins Mercer Advisors after spending over 17 years at LPL Financial, where she most recently served as SVP of trading.
- Alexis Vennes has been tapped as president and COO of RealAdvice, a commercial real estate tax and advisory platform. In the newly created role, Vennes will support the firm’s national growth and expansion. Additionally, Vennes will be responsible for enterprise strategy, organizational alignment, and external leadership. Previously at RealAdvice, Vennes was responsible for refining client relationships and strengthening internal collaboration across appraisal, accounting, and advisory disciplines.
- Frank Holding Jr., the CEO and chairman of First Citizens Bank & Trust Company, has been appointed to the Federal Reserve Board of Governors‘ Federal Advisory Council. Holding will represent the Fifth District on behalf of the Federal Reserve Bank of Richmond. Holding currently serves as chairman of Global Transpark Foundation and as a member of the Wake Forest University Board of Trustees.
- St. Louis-based Butler Associates Financial Planners, an investment advisory firm led by Jason Sturm, and Kirkwood, MI-based Shore Group Advisors, which is led by Jon Shore, will be merging. Butler Associates will rebrand under the Shore Group Advisors name, with Shore assuming the role of CEO, and Sturm as CFO. The combined entity will be headquartered in Sunset Hills, MO, while expanding its footprint from Florida and the Pacific Northwest.
- Kestra Financial has unveiled its development of a new client portal experience for its affiliated financial advisors. The enhancement, the Kestra Investor Solution, provides advisors with performance reporting and a client portal experience for the investor clients. The Kestra Investor Solution, powered by Addepar, a global data and AI platform, is currently in pilot with select Kestra-affiliated firms and plans for a phased rollout across Kestra Financial, Kestra Private Wealth Services, and Bluespring Wealth Partners beginning in the fall of this year.
- Ripple, a cryptocurrency firm, has expanded its integrations for its platform, Ripple Custody. Through new partnerships with Securosys and Figment, Ripple Custody will provide “enhanced” custody experience to regulated financial institutions. Currently, Ripple offers CyberVault HSM and CloudHSM capabilities from Securosys, which enable institutions to deploy HSM-based custody cost-free. Ripple has also partnered with Figment to offer staking capabilities to its custody clients. Through the collaboration, Ripple and Figment enable banks, custodians, and regulated enterprises to offer staking for leading Proof-of-Stake networks, including Ethereum and Solana.
- Osaic Wealth has added Raleigh, NC-based Midtown Advisors, which manages about $153M in total client assets. The firm, led by managing director Tom Perry, was previously affiliated with LPL Financial for 13 years. The Midtown Advisors team also includes director of sales operations Blake Perry, and office manager Stacey Nelson. The firm joined Osaic to gain access to its resources and “behind-the-scenes” support.
- Alphathena, an AI-powered direct indexing platform, has partnered with RIA Evergreen Wealth. As part of the partnership, Evergreen Wealth will leverage Alphathena’s portfolio management and direct indexing capabilities to power its tax-aware investment management platform. Additionally, Alphathena’s platform will enable Evergreen to implement tax-management strategies, including direct indexing.
- CIO Group, a wealth management firm, has rolled out COLOR AI, its proprietary technology platform. COLOR AI complements CIO Group’s wealth management capabilities and adds asset allocation, tactical opportunities, cash management, and tax efficiency functions. Additionally, COLOR AI allows clients to undergo a Wealth Check, which assesses and reports the diversification, risk profile, and profit potential of their existing portfolios. COLOR AI aggregates all assets across various accounts, then reviews all traditional and alternative investments.
- Max, a cash management tech platform, has launched Max Private, a new suite of private banking and lending capabilities, which is designed to help wealth management firms deliver banking, lending, and wealth management solutions. Through Max Private, large RIAs and high-growth advisory firms will gain access to private banking and lending capabilities to offer their client base. The Max Private enterprise solution includes a cash optimization service, a revenue model to enable advisory firms to configure products and features that align with their revenue needs, and integrations, including leading CRMs, planning software, and reporting platforms, as well as APIs to enable custom integrations.
- iCapital, a fintech platform, has acquired Passthrough, an investor solutions and financial compliance platform. Through the acquisition, iCapital will gain access to Passthrough’s LP onboarding process across both private wealth and institutional channels. Additionally, through the acquisition of iCapital and the platform’s identity solutions, the firm will be able to further “enhance and tailor” its tools to meet the reporting, operating, and compliance needs of LPs across the private markets sector.
- Osaic Wealth has added Melville, NY-based IDT Capital Group, an independent wealth management firm, through its OSJ New York Financial Partners. IDT Capital Group, which is led by financial advisor David Calderon, oversees about $186M in total client assets and was previously affiliated with LPL Financial. Through Osaic’s platform, IDT Capital Group will gain access to tools to support the firm’s “productivity, scalability, and flexibility.” Calderon said his firm joined Osaic for its “expanded” technology capabilities, trading access, and “alignment with his long-term vision for client service.”
- Portland, OR-based Delap Wealth Advisory has been relaunched as Aerodigm Wealth, an independent partner-owned advisory firm, managing $1.5B in assets under management. Aerodigm provides wealth management services, estate planning, and portfolio management to ultra-high-net-worth clients, with a focus on strategic tax services.
- Gen II Fund Services, a tech-enabled fund administration provider, has rolled out its AI-powered Sensr Portal. The portal, which was built with Gen II’s proprietary AI intelligence, is designed for private markets and “transforms” the investor experience by providing access to documents and data. Sensr Solutions is Gen II’s suite of proprietary, web-based technology platforms aimed at elevating fund management and the investor experience.
- Blue Owl Capital, an asset management firm, has raised over $3B in the closing round for its strategic equity and secondaries strategy, Blue Owl Strategic Equity. The strategy raised capital from clients across its global private wealth and institutional channels, as well as related accounts. Blue Owl’s strategic equity strategy provides “long‑term capital solutions to high‑quality private equity sponsors” that are seeking to extend ownership in their portfolio companies through continuation vehicles and other minority equity transactions.
The post People & Company News, Week of February 13, 2026 appeared first on Connect Money.
