The $11B RIA's latest hire from Valor Advisors comes with 18 years of experience, including tenures at JPMorgan and UBS.
“By supporting our RIA partners, we can help them differentiate themselves and drive growth.”
The national RIA’s addition in Tampa, led by a 24-year industry veteran, pushes its AUM up to $3.7B.
The RIA aggregator pulled the transaction as worldwide turbulence in the markets puts a chill on debt issuance.
The deal expected to close in the third quarter will see $3.6B get absorbed into the Colony Group’s continually growing book.
The latest funding, which completes its $26.5M series A round, will help the digital-first advisory platform maintain its momentum to break $1B this year.
The colossal RIA network has promoted a key leader of its consolidation strategy into a more expansive role.
The newly added founding partners at Jim Dickinson's firm also both bring significant experience from Merrill Lynch.
"The big theme is that the industry is still in fourth inning of the consolidation ball game," says one executive.
Former JPMorgan leader has overseen strong growth of business unit.
Firms that lead the pack in new clients and AUM growth are more likely to have clear marketing plans and directions, Schwab says.
The Audax-backed RIA’s latest acquisition vaults it to the $8.8B AUM mark while expanding its presence in New Jersey.
The deal "signals to people who are going independent that there's money out there to be had."
Financial advisors should consider taking advantage of the new brand of independence: the best of both worlds.
The newly rebranded financial advisory division of World Insurance Associates has just gotten considerably bigger in Massachusetts.
Annuities generate and increase revenue, and provide structural advantages, DPL founder and CEO says.
Ex-Merrill advisor says being independent means "getting creative".
To survive, advisors must use the technology as an ally, says columnist Joe Duran.
The $6B IBD and RIA is expanding its partnership with new long-term agreements, including access to an integrated wealth management platform.
The national independent wealth firm has acquired a $272M planning team in Farmington, pushing its client assets past $85.7B.
