Nearly 40% of advisers say firm culture declined; engagement suffered
The San Francisco-based insurance company acquires Cleveland-based MAI Capital.
Nearly a quarter of RIAs eligible for assistance received loans in the first round of the program last year, according to a recent study. Firms that abused the program were much more likely to disclose a history of past fraud and other legal or regulatory misconduct.
Michelle Waymire, founder of Atlanta-based advisory firm Young & Scrappy, says her polyamorous niche grew out of a broader focus on the LGBTQ community.
In the past year alone, Goldman Sachs Group Inc., Morgan Stanley & Co., BlackRock Inc. and Charles Schwab & Co. have all expanded their direct-indexing capabilities and are jockeying for the next generation of investors.
The questions that RIAs have about commission-free annuities right now are the very same questions they had just 15 years ago about exchange-traded funds, which are now a core part of client portfolios.
The principals at Indiana-based Treybourne Wealth Planners will become Savant member owners.
The Texas adviser, shunned for alleged racist comments, missed the memo on diversity benefits but exposed a broader conundrum facing advisers.
InvestmentNews Research asked financial advisers if they solicit advice from other advisers when it comes to planning their own retirement. Their answers may be surprising.
Commonwealth Advisory Group will be Mariner’s first office in Pittsburgh.
The Boston-based firm will acquire Calabasas, California-based Legacy Wealth Partners.
The addition of Budros Ruhlin & Roe will give the Toronto-based aggregator a total of $74 billion in U.S. wealth management assets.
Robert Batick moves from Westport Capital, while Norman Coates made the switch from LPL Financial.
The rise of $1-billion-plus mega RIAs in the space, fed by an influx of private capital and deal-making, is a further sign of the business model’s maturity.
The company sees no letdown in the future for M&A activity and estimates there are close to 1,000 firms in the U.S. that could become targets.
By joining forces with ETF Trends and ETF Database, Alerian seeks to become a powerful force that helps ETF providers stay ahead of the curve.
Parsippany-based Headquarters Advisory Group's three principals will become financial planning consultants with Avantax Planning Partners.
Chad Bester is joining Mount Yale Capital Group in Minneapolis.
Ventura, California-based Channel Islands Group also runs an estate planning business.
Not all of our old clients came with us. But the overwhelming majority came and — because of their enthusiasm for our move — some asked us to oversee even more of their assets, while others pointed brand-new business our way.
