Investment Adviser Association files petition pushing agency to make number of staff, not AUM, the deciding factor in defining a firm as 'small.'
Since its launch in 2009, CAIS has facilitated over $25 billion in transactions involving financial advisors.
Berthel Fisher has been known to sell a variety of alternative investments, which at times can be expensive and volatile.
Thomas Carroll to replace Andy Berg at the RIA's helm in 2024.
Entrepreneur says Rise Growth, a firm that will provide funding and strategies for the next generation of national RIAs, will launch in 2024.
'I can’t recall when they’ve been so explicit about what they do and why they choose a firm for examination,' a compliance expert says.
'We’ll wind up with two completely separate RIAs,' says Creative Planning CEO Peter Mallouk.
The more than a dozen major new rules the agency has proposed or finalized will create significant disruption for investment advisors, with substantial long-term implications.
Hundreds of advisors are now with new firms following the transactions.
The firm, Wiley Bros.-Aintree Capital, is based in Nashville and has been in business since 1945.
The five-member team joining Fidelis Capital will operate from an office in Washington, D.C.
The firm has been acquired by Clayton Dubilier & Rice and Stone Point Capital affiliated funds.
InvestmentNews gains behind-the-scenes access to gauge the mood of execs and advisors as firm prepares to transition 7,000 RIAs and nearly 4 million client accounts.
What's becoming evident is how tricky it is for wealth management firms to make the right match.
World Insurance Associates' retirement specialists unit is growing its national footprint and wealth management focus.
Bank's decision to refocus on super-rich shows how tough change can be for an institution like Goldman, say industry sources.
The RIA unit, with about $29 billion in assets, was known as United Capital when Goldman acquired it in 2019.
'I want our industry to think big,' Brad Genser says.
LPL has been picking up steam in working as a back-office platform for banks, credit unions and insurance companies.
Quarterly reporting and an annual audit 'could eat into returns and be borne by investors.'
