RIAs

Displaying 4743 results
Concurrent restructures to recruit advisors from across wealth management
NEWS RIAS MAY 24, 2023
Concurrent restructures to recruit advisors from across wealth management

Since becoming a hybrid RIA, Concurrent has added five new firms that combine for $440 million and it's ramping up to co-brand advisors from every possible direction.

Merit notches 19th deal since taking PE capital
NEWS RIAS MAY 23, 2023
Merit notches 19th deal since taking PE capital

The acquisition of Planned Futures, which manages $460 million, expands Merit's footprint in Pennsylvania.

BNY Mellon ups its cash management game
NEWS RIAS MAY 22, 2023
BNY Mellon ups its cash management game

Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.

What keeps these top securities regulators awake at night?
NEWS RIAS MAY 19, 2023
What keeps these top securities regulators awake at night?

"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.

The evolution of RIA consolidation starts to favor buyers
NEWS RIAS MAY 19, 2023
The evolution of RIA consolidation starts to favor buyers

Fidelity's latest report shows more deals involving smaller firms and structures that put buyers in the driver's seat.

Merrill team with $200 million in assets joins Sanctuary
NEWS RIAS MAY 19, 2023
Merrill team with $200 million in assets joins Sanctuary

Jersey City, New Jersey-based Crescent Harbor Private Wealth was founded by John Araneo.

When fiduciary duty is at odds with what's right for clients
NEWS COMPLIANCE MAY 18, 2023
When fiduciary duty is at odds with what's right for clients

It's time for the financial services industry to rethink its rules when it comes to offsetting fees.

Cetera goes more RIA-ish by hiring Durbin from Fidelity
NEWS RIAS MAY 18, 2023
Cetera goes more RIA-ish by hiring Durbin from Fidelity

It's in the best interest of Cetera's owner, Genstar Capital, to make the broker-dealer network look as much like a registered investment advisor as possible.

Advisor movement continues to slow, but there’s a bright spot
NEWS RIAS MAY 17, 2023
Advisor movement continues to slow, but there’s a bright spot

Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.

Goldman custody business gains steam with $1 billion add from Prime Capital
NEWS RIAS MAY 17, 2023
Goldman custody business gains steam with $1 billion add from Prime Capital

Goldman representatives say the custody operation is on track for success, but don't disclose details.

Pinnacle Associates acquires $580 million Virginia RIA
NEWS RIAS MAY 17, 2023
Pinnacle Associates acquires $580 million Virginia RIA

Investment Management of Virginia was founded in 1982 and has offices in Richmond and Charlottesville.

Giant RIA merger creates firm with $15 billion in assets
NEWS RIAS MAY 16, 2023
Giant RIA merger creates firm with $15 billion in assets

The management of Adviser Investments, Ropes Wealth and Summit Partners will own the combined firm.

Advisor Group loses teams with $615 million to Commonwealth, LPL
NEWS RIAS MAY 16, 2023
Advisor Group loses teams with $615 million to Commonwealth, LPL

Trusted Wealth Partners in Omaha, Nebraska, is moving to Commonwealth while Connecticut-based Hedberg Wealth Management is going to LPL.

RIAs are embracing compliance as a necessary evil
NEWS COMPLIANCE MAY 15, 2023
RIAs are embracing compliance as a necessary evil

In an era of increasingly complex regulatory oversight and possibly the most aggressive SEC ever, breakaway RIAs are realizing that compliance is not something to be ignored.

RIAs need to get past their fear of asking for referrals
NEWS RIAS MAY 11, 2023
RIAs need to get past their fear of asking for referrals

Research shows most new clients come directly from referrals from existing clients, yet most advisors are reluctant to ask for referrals.

CI equity sale seen as endorsement of higher wealth management valuations
NEWS RIAS MAY 11, 2023
CI equity sale seen as endorsement of higher wealth management valuations

The sale of the 20% equity stake values the US wealth unit, CI Private Wealth, at $5.3 billion, and it postpones the planned IPO.

Organic growth in the RIA space is fading away
NEWS RIAS MAY 11, 2023
Organic growth in the RIA space is fading away

David DeVoe challenges the industry to refocus on organic growth, but not just for growth's sake.

Bain, Abu Dhabi purchase 20% stake in CI Financial's US wealth unit
NEWS RIAS MAY 11, 2023
Bain, Abu Dhabi purchase 20% stake in CI Financial's US wealth unit

The transaction allows CI to pay down some of the debt it accumulated as it acquired wealth management firms across the US.

Savant Wealth closes in on $20 billion with fourth acquisition of the year
NEWS RIAS MAY 10, 2023
Savant Wealth closes in on $20 billion with fourth acquisition of the year

The deal for Domani Wealth adds $1.5 billion and expands Savant's footprint with Domani's four offices in central Pennsylvania.

Wells Fargo team with $1 billion jumps to RIA
NEWS RIAS MAY 10, 2023
Wells Fargo team with $1 billion jumps to RIA

The Compass Group advisors are joining DayMark Wealth Partners, a Cincinnati, Ohio-based RIA with $907 million in assets.