As a result of increased digital business development, 68% of all advisers met or exceeded their client growth goals.
'As we went through the quarter, we didn’t expect it to slow down as much,' CEO James Cracchiolo said in an earnings call. The company reported 10,047 financial advisers across its platform at the end of June, compared to 9,894 a year earlier.
With the acquisition of Farr Miller & Washington, Hightower will install founder Michael Farr as its new chief market strategist.
Houston-based Asset Management Advisors manages $484 million, pushing Cresset's AUM to more than $14.5 billion.
Acquisition of Toronto-based Gavin Hockey Wealth Specialists gives Focus Financial another foothold in a market moving toward independence.
Memphis-based Gerber Taylor Capital Advisors oversees $13.8 billion in assets.
The Massachusetts Securities Division discovered the alleged illegal activities while investigating a complaint of exploitation of senior citizens.
The capital to purchase the $4.4B Los Angeles-based RIA came from private equity firm Leonard Green & Partners.
The upstarts will focus on a particular niche of the marketplace they feel is underserved, such as advisers with foreign clients or advisers focused on a particular investment approach.
Some firms mistakenly trim expenses too aggressively to lower their costs and maximize their earnings to attract buyers. It may seem counterintuitive, but the opposite approach can make a firm more desirable.
One option for advisers starting an RIA is to outsource in one fell swoop such responsibilities as custodial relationships, tech stack design and integration, client billion, tamp solutions and marketing expertise.
Boston Family Advisors has a narrow focus on wealthy families that have most of their assets invested in private equity and venture capital.
Aging owners and a lack of succession planning are driving the M&A activity, DeVoe says.
While the Fed continues to call inflation transitory and temporary, financial advisers are bracing for the reality of higher prices and lower yields.
Los Gatos, California-based Giordano Wealth Management was founded by Chris Giordano, who was previously affiliated with LPL Financial.
For the increasingly fee-based advisers at independent broker-dealers, the transition to the RIA model is likely to pick up speed in the years to come.
Bain Capital took a minority stake in Carson, one of the largest registered investment advisers in the country with more than $17 billion in assets.
Buyers are convinced they are acquiring businesses that are well-positioned to grow organically over the next several decades no matter what happens in the economy or markets.
By volunteering and sharing your passions, people get to talk to you and to know you, and when they know you, they are pleased to recommend you.
A new report from Carson Group taps into the knowledge of 59 female financial planning executives.
