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$3.6B UBS Breakaway Launches RIA Cleros Wealth Partners

$3.6B UBS Breakaway Launches RIA Cleros Wealth Partners

RIAs & Financial Advisors | November 11, 2026

A financial advisory team has broken away from UBS and has launched independent registered investment advisor Cleros Wealth Partners with $3.61 billion in assets under supervision.  Cleros Wealth is led by founding partners Kyle Kight, Alex Armstrong, and Jamie Packer, and provides financial planning, investment management, and wealth management services to high-net-worth clients, endowments, and

Cunat Launches $56M DST for Its Own Illinois Apartment Community

Cunat Launches $56M DST for Its Own Illinois Apartment Community

Alternative Assets | November 11, 2026

Cunat Inc. has launched Cunat Exchange X DST, seeking $56.17 million in equity from accredited investors for a newly developed apartment community in McHenry, Illinois. The offering, the firm’s 10th Delaware statutory trust, owns The Residence of Fox Meadows, a 540-unit property that Cunat developed and sold to the trust for $135 million. Cunat will

Chicago Firefighters’ Pension Commits $55M to Three Value-Add Real Estate Funds

Chicago Firefighters’ Pension Commits $55M to Three Value-Add Real Estate Funds

Alternative Assets | November 11, 2026

The Firemen’s Annuity and Benefit Fund of Chicago approved $55 million in commitments to three real estate funds, adding value-add and middle-market strategies as its existing core property portfolio continues to post modest returns. The largest commitment, $35 million, went to Crow Holdings Realty Partners Fund. Dallas-based Crow Holdings targets U.S. value-add investments, emphasizing industrial

RIA Modera Wealth Management Acquires $750M Firm in California

RIA Modera Wealth Management Acquires $750M Firm in California

RIAs & Financial Advisors | November 11, 2026

Registered investment advisory firm Modera Wealth Management has acquired a California-based wealth management firm, establishing the firm’s entry into the West Coast.  Newport Beach, CA-based RS Crum, which oversees about $750 million in assets under management, was founded in 1976 and is led by Mark Rylance, Jon Theriault, and Daniel Sexton.  As part of the