Latest news with #UHNW
Associated Press
11 hours ago
- Business
- Associated Press
Alpha Growth PLC - Providence Life Granted Isle of Man Branch License
Providence Life Receives Isle of Man Branch License LONDON, UK / ACCESS Newswire / June 20, 2025 / Alpha Growth plc, ( ) a leading global financial services specialist in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management is pleased to announce that one of its group companies, Providence Life Assurance Company (Bermuda) Limited ('Providence Life Assurance'), a leading provider of bespoke life insurance solutions for ultra-high net worth ('UHNW') individuals and family offices, has been granted a branch license in the Isle of Man. The new branch, operating under the name Alpha PPLI will cater to the sophisticated wealth planning needs of clients across the UK, Europe, Middle East and Asia. The Isle of Man Financial Services Authority issued the permit to Providence Life Assurance on May 23, 2025, under section 22 of the Insurance Act 2008, authorizing the company to conduct both Class 1 and Class 2 insurance business with immediate effect. Alpha PPLI builds upon Providence Life Assurance's established expertise in Private Placement Life Insurance ('PPLI') and Private Placement Variable Annuities ('PPVA'), offering tailored solutions designed to address the complex financial and succession planning requirements of UHNW individuals and family offices. The branch aims to provide a full suite of customized insurance structures, supported by a team with decades of collective industry experience and backed by the financial strength of parent company Alpha Growth plc. Alpha PPLI is lead by its Chief Executive Julian Melling and Business Development Executive Richard Turnbull, both based in the Isle of Man with significant recognized experience in the high net worth life insurance industry. 'Our expansion into the Isle of Man through Alpha PPLI marks a significant milestone in Providence Life Assurance's growth strategy. This new branch enhances our ability to deliver world-class, flexible insurance solutions to discerning clients in key international markets,' said Gobind Sahney, Chairman & CEO of Alpha Growth plc and Providence Life Assurance. 'After many years in this industry, I am pleased to lead the strategic expansion of Providence Life Assurance's international business. This marks a pivotal moment for UHNW life insurance, opening up an exciting future for Providence Life Assurance and the Alpha Growth group of companies, as we enhance our ability to serve the sophisticated needs of UHNW clients and family offices across key international markets.' said Julian Melling, [email protected] Chief Executive of Alpha PPLI. Providence Life Assurance is renowned for its independent, client-focused approach, delivering best-in-class service and innovative insurance products. The launch of Alpha PPLI in the Isle of Man underscores the company's commitment to supporting the wealth management objectives of UHNW clients and family offices in the UK, Europe, and Asia. About Providence Life Assurance Company (Bermuda) Limited: Providence Life Assurance specializes in providing customized life insurance products, including PPLI and PPVA, to ultra-high net worth individuals and institutions. The company operates under the regulatory oversight of the Bermuda Monetary Authority and is part of Alpha Growth plc, a global leader in insurance-linked wealth management. About Alpha Growth plc Specialist in Life Insurance, Esoteric and Longevity Assets Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management. Building on its well-established network, the Alpha Growth group has a unique position in the insurance and asset services and investment business with global reach. ***END*** This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit SOURCE: Alpha Growth PLC press release
Indianapolis Star
14 hours ago
- Business
- Indianapolis Star
Alpha Growth PLC – Providence Life Granted Isle of Man Branch License
Providence Life Receives Isle of Man Branch License LONDON, UK / ACCESS Newswire Alpha Growth plc, ( a leading global financial services specialist in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management is pleased to announce that one of its group companies, Providence Life Assurance Company (Bermuda) Limited ('Providence Life Assurance'), a leading provider of bespoke life insurance solutions for ultra-high net worth ('UHNW') individuals and family offices, has been granted a branch license in the Isle of Man. The new branch, operating under the name Alpha PPLI will cater to the sophisticated wealth planning needs of clients across the UK, Europe, Middle East and Asia. The Isle of Man Financial Services Authority issued the permit to Providence Life Assurance on May 23, 2025, under section 22 of the Insurance Act 2008, authorizing the company to conduct both Class 1 and Class 2 insurance business with immediate effect. Alpha PPLI builds upon Providence Life Assurance's established expertise in Private Placement Life Insurance ('PPLI') and Private Placement Variable Annuities ('PPVA'), offering tailored solutions designed to address the complex financial and succession planning requirements of UHNW individuals and family offices. The branch aims to provide a full suite of customized insurance structures, supported by a team with decades of collective industry experience and backed by the financial strength of parent company Alpha Growth plc. Alpha PPLI is lead by its Chief Executive Julian Melling and Business Development Executive Richard Turnbull, both based in the Isle of Man with significant recognized experience in the high net worth life insurance industry. 'Our expansion into the Isle of Man through Alpha PPLI marks a significant milestone in Providence Life Assurance's growth strategy. This new branch enhances our ability to deliver world-class, flexible insurance solutions to discerning clients in key international markets,' said Gobind Sahney, Chairman & CEO of Alpha Growth plc and Providence Life Assurance. 'After many years in this industry, I am pleased to lead the strategic expansion of Providence Life Assurance's international business. This marks a pivotal moment for UHNW life insurance, opening up an exciting future for Providence Life Assurance and the Alpha Growth group of companies, as we enhance our ability to serve the sophisticated needs of UHNW clients and family offices across key international markets.' said Julian Melling, jm@ Chief Executive of Alpha PPLI. Providence Life Assurance is renowned for its independent, client-focused approach, delivering best-in-class service and innovative insurance products. The launch of Alpha PPLI in the Isle of Man underscores the company's commitment to supporting the wealth management objectives of UHNW clients and family offices in the UK, Europe, and Asia. About Providence Life Assurance Company (Bermuda) Limited: Providence Life Assurance specializes in providing customized life insurance products, including PPLI and PPVA, to ultra-high net worth individuals and institutions. The company operates under the regulatory oversight of the Bermuda Monetary Authority and is part of Alpha Growth plc, a global leader in insurance-linked wealth management. About Alpha Growth plc Specialist in Life Insurance, Esoteric and Longevity Assets Alpha Growth plc is a financial advisory business providing specialist consultancy, advisory, and supplementary services to institutional and qualified investors globally in the multi-billion dollar market of longevity assets and insurance linked asset and wealth management. Building on its well-established network, the Alpha Growth group has a unique position in the insurance and asset services and investment business with global reach. ***END*** This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@ or visit
Yahoo
28-05-2025
- Business
- Yahoo
UHNW Institute Sets First-Ever Industry Standards in Wealth Management with Launch of the Wealthesaurus, AIM Framework, and More
NEW YORK, May 28, 2025--(BUSINESS WIRE)--The Ultra High Net Worth Institute (UHNW Institute), an independent, nonprofit think tank advancing the practice of wealth management, is putting a stake in the ground: For the first time, well-defined standards and frameworks are bringing structure, clarity, and cohesion to how professionals serve ultra-high net worth (UHNW) individuals and families. With the rollout of a series of groundbreaking resources — including the Wealthesaurus, the AIM Framework and more — The UHNW Institute is delivering on its mission to empower UHNW families, educate advisors, and drive meaningful change across the industry. As an independent, objective organization, the Institute offers unbiased guidance and practical tools to elevate how professionals serve clients and how families make informed decisions across generations. The Institute's development and promotion of standards for managing family wealth will help families and firms identify service solutions that effectively align with each family's unique needs and goals. A First for the Industry: Standardizing the Language of Wealth Management Among the Institute's most significant milestones is the debut of its Wealthesaurus, the first-ever standardized glossary of UHNW wealth management terms. By offering clear, consistent definitions across disciplines — from tax and law to philanthropy and family governance —the Wealthesaurus lays the groundwork for stronger communication and alignment between professionals and clients. "This is about establishing the first industry-wide standards," said Steve Prostano, co-founder, chairman, and CEO of the UHNW Institute. "Without shared language and frameworks, even the most experienced teams struggle to deliver truly integrated wealth management. We're changing that—starting now." The AIM Framework: A New Standard for Delivering Advisory Services The Institute is also launching its AIM Framework — shorthand for the Assessment, Implementation, and Monitoring Framework — the first standardized model for delivering integrated wealth management. This framework provides comprehensive guidelines for how professionals across disciplines can deliver consistent, high-quality advisory services, whether the professionals are independent specialists or part of a multidisciplinary team. It outlines how to structure the advisory process from start to finish, offering a scalable, repeatable approach that elevates services, improves collaboration, and allows firms to grow more strategically. What's Next: A Pipeline of Industry-Changing Tools Building on this momentum, The UHNW Institute will continue rolling out additional groundbreaking tools and resources throughout the coming year. Each is designed to further standardize the industry, enhance transparency, and improve alignment between advisors and the families they serve. These innovations will reinforce the Institute's commitment to drive meaningful change and create a more structured, client-focused, and collaborative wealth management profession. Membership: Be Part of the Movement Professionals and firms can gain early access to these tools and help shape the future of the profession by becoming members of The UHNW Institute. Membership includes exclusive access to research, thought leadership, peer collaboration, an extensive resource library, and guidance on putting the Institute's frameworks into practice. "We're building something bigger than any one firm or discipline," said Prostano. "Our members are part of an industry-wide movement to define what excellence truly looks like in serving ultra-high net worth families." About the Ultra High Net Worth Institute The Ultra High Net Worth Institute is an independent, nonprofit think tank and learning exchange dedicated to advancing the practice of wealth management for ultra-high net worth individuals and families. By promoting objectivity, collaboration, and innovation, the Institute empowers families and professionals with the frameworks, resources, and research needed to make informed decisions and deliver exceptional service across generations. Learn more at View source version on Contacts Media Contact: Alexa Bartusiak ScullPublic Relations412.519.7265 AJB@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
28-05-2025
- Business
- Business Wire
UHNW Institute Sets First-Ever Industry Standards in Wealth Management with Launch of the Wealthesaurus, AIM Framework, and More
NEW YORK--(BUSINESS WIRE)--The Ultra High Net Worth Institute (UHNW Institute), an independent, nonprofit think tank advancing the practice of wealth management, is putting a stake in the ground: For the first time, well-defined standards and frameworks are bringing structure, clarity, and cohesion to how professionals serve ultra-high net worth (UHNW) individuals and families. 'Without shared language and frameworks, even the most experienced teams struggle to deliver truly integrated wealth management. We're changing that—starting now,' said Steve Prostano, co-founder, chairman and CEO of the UHNW Institute. With the rollout of a series of groundbreaking resources — including the Wealthesaurus, the AIM Framework and more — The UHNW Institute is delivering on its mission to empower UHNW families, educate advisors, and drive meaningful change across the industry. As an independent, objective organization, the Institute offers unbiased guidance and practical tools to elevate how professionals serve clients and how families make informed decisions across generations. The Institute's development and promotion of standards for managing family wealth will help families and firms identify service solutions that effectively align with each family's unique needs and goals. A First for the Industry: Standardizing the Language of Wealth Management Among the Institute's most significant milestones is the debut of its Wealthesaurus, the first-ever standardized glossary of UHNW wealth management terms. By offering clear, consistent definitions across disciplines — from tax and law to philanthropy and family governance —the Wealthesaurus lays the groundwork for stronger communication and alignment between professionals and clients. 'This is about establishing the first industry-wide standards,' said Steve Prostano, co-founder, chairman, and CEO of the UHNW Institute. 'Without shared language and frameworks, even the most experienced teams struggle to deliver truly integrated wealth management. We're changing that—starting now.' The AIM Framework: A New Standard for Delivering Advisory Services The Institute is also launching its AIM Framework — shorthand for the Assessment, Implementation, and Monitoring Framework — the first standardized model for delivering integrated wealth management. This framework provides comprehensive guidelines for how professionals across disciplines can deliver consistent, high-quality advisory services, whether the professionals are independent specialists or part of a multidisciplinary team. It outlines how to structure the advisory process from start to finish, offering a scalable, repeatable approach that elevates services, improves collaboration, and allows firms to grow more strategically. What's Next: A Pipeline of Industry-Changing Tools Building on this momentum, The UHNW Institute will continue rolling out additional groundbreaking tools and resources throughout the coming year. Each is designed to further standardize the industry, enhance transparency, and improve alignment between advisors and the families they serve. These innovations will reinforce the Institute's commitment to drive meaningful change and create a more structured, client-focused, and collaborative wealth management profession. Membership: Be Part of the Movement Professionals and firms can gain early access to these tools and help shape the future of the profession by becoming members of The UHNW Institute. Membership includes exclusive access to research, thought leadership, peer collaboration, an extensive resource library, and guidance on putting the Institute's frameworks into practice. 'We're building something bigger than any one firm or discipline,' said Prostano. 'Our members are part of an industry-wide movement to define what excellence truly looks like in serving ultra-high net worth families.' About the Ultra High Net Worth Institute The Ultra High Net Worth Institute is an independent, nonprofit think tank and learning exchange dedicated to advancing the practice of wealth management for ultra-high net worth individuals and families. By promoting objectivity, collaboration, and innovation, the Institute empowers families and professionals with the frameworks, resources, and research needed to make informed decisions and deliver exceptional service across generations. Learn more at
Business Wire
19-05-2025
- Business
- Business Wire
Summit Trail Advisors Strengthens Executive Leadership Team with Appointment of Jeff Ringdahl as President and Chief Operating Officer
NEW YORK--(BUSINESS WIRE)--Summit Trail Advisors ('Summit Trail'), a leading ultra-high-net-worth (UHNW)-focused independent registered investment advisor, today announced that Jeff Ringdahl has joined the firm as Partner, President and Chief Operating Officer in New York. Mr. Ringdahl joins Summit Trail after more than 14 years at Resolute Investment Managers, where he most recently served as President and CEO. At Summit Trail, he will focus on enhancing the firm's white-glove client experience and ensuring that its family office offerings continue to adapt and meet the evolving needs of UHNW clients. Mr. Ringdahl's appointment further bolsters the executive leadership team at Summit Trail, which has experienced a period of marked expansion over the past decade. Since its launch in 2015, the firm has grown to $23.6 billion in assets under management and $26.2 billion in assets under advisement, with more than 100 employees across 10 offices that service UHNW families and businesses. 'Jeff has a longstanding reputation as a leader and innovator within the investment management industry, and we are thrilled to welcome him to the Summit Trail team,' said Jack Petersen, Co-Founder and Managing Partner at Summit Trail. 'Our firm is committed to serving the complex needs of UHNW individuals and families who have outgrown traditional investment management and the addition of Jeff to our senior leadership team reinforces this commitment. We are looking forward to leveraging his extensive experience and expertise.' David Romhilt, Founding Partner and Chief Investment Officer at Summit Trail, added, 'The ultra-high-net-worth and registered investment advisor industry has become increasingly sophisticated and institutionalized over the past decade, and business leaders like Jeff will ensure that Summit Trail continues to operate as a top-tier and trusted partner for our clients for years to come. With extensive executive leadership experience and a proven track record of successfully guiding organizations through periods of strategic growth, we believe Jeff is the perfect fit to help take our firm into its next decade.' "Summit Trail has been ahead of the curve when it comes to serving the rapidly changing needs of ultra-high-net-worth individuals and family offices. They have continually provided a best-in-class investment platform and consistently made significant investments to attract and retain a network of proven, talented advisors who understand their unique needs,' said Mr. Ringdahl. 'I admire what they have accomplished over the past 10 years and have tremendous respect for the firm's leadership team. I look forward to joining their ranks and helping to build on the firm's solid foundation of excellence across client service, comprehensive estate and investment planning, and technology.' Prior to Resolute Investment Managers, Mr. Ringdahl worked at Touchstone Investments, Fidelity Investments, and Western & Southern Financial Group. He earned his Bachelor of Arts in Economics from Boston University and his Master of Business Administration from the Mendoza College of Business at the University of Notre Dame. About Summit Trail Advisors Summit Trail Advisors is an independent fiduciary designed and built for ultra-high net worth clients whose complex financial needs have outgrown traditional wealth management. We serve as the outsourced family office and CIO for our clients and partner with them to guide their generational wealth. Now a select network of clients, business partners, and colleagues collaborating on better ideas and solutions, we have the scale to leverage best practices and drive pricing power for our clients, while still creating highly personalized solutions. Founded in 2015, Summit Trail has 10 offices nationally with headquarters in New York and over $23 billion in AUM. For more information, please visit
