S&P 500 Large Cap Index As noted in our communication on Friday, October 5th, we were worried volatility would pick up - quite the understatement! The S&P 500 (which is an index of US-based large-cap stocks) broke its short-term trend line, the 10-day moving average, last Friday. It has further broken the 50-day moving average [...]
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Increasing sophistication around independent RIA support was vital to the merger this past week of breakaway wealth shop Syntal Wealth Partners and a prominent Merrill Lynch team in Dallas. But friendship and complementary skill sets – forged over more than a decade – were the real catalysts, say those who made the deal. “Ben and [...]
A team of advisors who previously managed $600 million in client assets at Merrill Lynch’s Private Banking and Investment Group (PBIG) in Dallas, Texas have left the wirehouse for RIA Syntal Capital Partners. The four-person team is led by financial advisor Ben Gordon, who had joined Merrill Lynch in 1994 and specialized in investment strategy [...]
Merrill Lynch loses $600 million team to Texas RIA. A three-person team managing $600 million at Merrill Lynch Private Banking and Investment Group in Dallas has joined Syntal Capital Partners, a registered investment advisory firm based in Midland, Texas. The addition of the team expands the Texas footprint of Syntal, which was founded in 2012 [...]
Dallas RIA with $550 million jumps to $1.1 billion of AUM by slicing off $550 million of PBIG bacon in form of Merrill Lynch breakaways
With Pershing and Dynasty Financial as anchors, Syntal breaks down Private Banking Investment Group walls at Merrill Lynch on the strength of Texas ties. Brooke's Note: This summer when I went to Maine, I was the first family member to plunge into the cold Atlantic Ocean. It was a warm day but I also wanted [...]
A Merrill Lynch team that oversaw $600 million in client assets left the wirehouse to join an RIA affiliated with Dynasty Financial Partners, the firm said. The four-member group combined forces with Syntal Capital Partners, expanding the Midland, Texas-based firm's total staff to 12. The new hires, led by advisor Ben Gordon, are based in [...]
Proud to have six Network Partners on the FT 300: top ranked RIA list. https://lnkd.in/dsXsZGA This fourth edition of the FT 300 assesses registered investment advisers (RIAs) on desirable traits for investors. To ensure a list of established companies with substantial expertise, we examine the database of RIAs registered with the US Securities and Exchange [...]
We are extremely proud of Dane Crunk of Syntal Capital Partners, LLC for being named to Forbes list of Top Millenial Advisors and grateful to have him and his team in the Network! Congratulations to all the advisors named to this list! https://lnkd.in/dbDAA73
A recent NY Times article discusses the boom and bust nature of the oil industry and the planning opportunities that arise during such downturns. The full article can be read here.
Lower for (even) longer In our January oil outlook update, our forecast for oil prices this year was adjusted down to $30~$50 from $40~$60, expecting the realignment of OPEC quota post Iran/Iraq production increases to normalize oil prices back to $80 range in 2018. OPEC inaction and weakening Chinese appetite were key factors behind the [...]