Cary Street Partners and Ducera Announce Strategic Alliance

Luxon Financial LLC, parent of Richmond, Virginia based wealth advisor Cary Street Partners, and Ducera, a New York City based independent investment bank, have announced a strategic alliance to drive business for both firms. Read More …

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Tradition Capital Management listed in Financial Advisor’s 2019 RIA ranking

Did you hear a tornado alarm in May? That might have been the sound of Goldman Sachs invading your industry. The investment bank’s purchase of United Capital for $750 million has likely changed the game in a space already giddy …

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Culture Clashes Remain Bugaboo Of Asset Manager M&A

Culture remains a key consideration for asset management firms seeking to consolidate, industry sources say. If firms are not culturally aligned, they are bound to run into issues — “it’s just a matter of when will you have [the] problem,” …

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Luxon Financial Closes Acquisition of Tradition Capital Management

Firm to Help Clients Manage Approximately $3.5 Billion in Assets May 01, 2019 07:00 AM Eastern Daylight Time RICHMOND, Va.–(BUSINESS WIRE)–Luxon Financial LLC, an independent financial services firm and the parent of wealth manager Cary Street Partners, today announced that …

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Luxon Financial to Combine with New Jersey-Based Tradition Capital Management

Transaction Expands Combined Firm’s National Client Base and Client Service Capabilities RICHMOND, Va.–(BUSINESS WIRE)–Luxon Financial LLC, an independent financial services firm and the parent of wealth manager Cary Street Partners, announced today that it has entered into a definitive agreement …

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Cary Street Partners prevails in arbitration with Edelman Financial Services

The firm had sought over $3 million from former retirement plan division executive R.J. Reibel over claims he violated a non-solicitation clause in his contract. Edelman Financial Services’ dispute with one of its former executives has ended up with the …

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Kara Valentine joins Luxon Financial, parent company of Cary Street Partners, as Chief Marketing Officer and Head of Business Development

RICHMOND, Va.–(BUSINESS WIRE)–Luxon Financial LLC, an independent financial services firm and the parent company of wealth manager Cary Street Partners LLC, announced today that Ms. Kara M. Valentine has joined the firm as Chief Marketing Officer and Head of Business …

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Luxon Financial announces the election of Wendy Rogers to the Firm’s Board of Managers

Luxon Financial LLC, the parent company of Cary Street Partners LLC, is pleased to announce the election of Richmond resident Wendy Rogers to its Board. Ms. Rogers currently serves as Vice President, National Relationship Management of The Signatry, a global …

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Equity Market Perspective: December 2018

Equity markets are exhibiting every indication of panic and fear. The above chart combines a series of seven longstanding sentiment indicators into a 0 to 100 score. The current score is the polar‐ opposite of where it was twelve months …

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