Results for "breakaways"

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Breaking away for the wrong reason

September 27, 2015

Adviser Sean Meadows was sentenced to 25 years in prison in June for stealing $10 million from clients. In August, Jacob Cooper was fined $2.8 million and also barred from the securities industry for putting his clients' money into investments...

Adviser independence no longer synonymous with ownership

September 23, 2015

According to the 2015 InvestmentNews Compensation & Staffing Study, independence is no longer synonymous with ownership as employee advisers now outnumber owners at independent advisory firms. Our experience at The Advisor Center mirrors these...

LPL and $775 million adviser part ways amid investigation

September 18, 2015

LPL Financial and its top adviser in Louisiana cut ties last month after the adviser received a Wells notice announcing an investigation by the Financial Industry Regulatory Authority Inc. Garrett Andrew Ahrens and his firm, Ahrens Investment...

How to talk to your clients about a tech crisis at your firm

September 4, 2015

It seems almost heretical for an IT expert to say this, but registered investment advisers should accept that business disruptions due to technology failures are inevitable. KPMG has reported that financial services ranks among the industries...

Custodians try to entice breakaways with substantial perks

August 9, 2015

As larger teams move into the registered investment adviser channel, the major custodians are getting more creative and adding some sweeteners to entice big breakaway outfits. Looking to differentiate themselves by more than just their ability...

Advisers' deaths without transition plans force custodians into action

August 9, 2015

When investment advisers who are sole proprietors die unexpectedly without a continuity plan in place, the firms where they house client assets react rapidly. “Custodians are increasingly adept and swift at taking action,” said Brian Hamburger,...

Considering growing through M&A? Don't call it a 'tuck-in'

August 7, 2015

Given the massive increase of merger and acquisition activity in wealth management, and understanding the complexity and unique nature of each of these transactions, we have to ask ourselves one very important question: How did our industry...

Curian Capital's sudden exit creates a TAMP feeding frenzy

August 4, 2015

Curian Capital's unexpected announcement last week that it is closing shop at year-end has sent the $300 billion turnkey asset management platform space into a feeding frenzy, as competitors scramble to woo advisers currently working with the...

Is it time to jump into energy stocks?

August 4, 2015

If 13 weeks of falling energy-stock prices has you looking for an entry point, hold your fire. By most measures, the energy sector is still expensive As Curian Capital prepares to close up shop, competitors are swooping in to recruit advisers...

Ultrawealthy are fastest-growing client segment

June 15, 2015

Focusing on the wealthiest clients is paying off for wealth management firms as millionaires represent the fastest growing and most profitable segment of the financial advice market, according to a report from The Boston Consulting Group. The...

HighTower may be moving closer to an IPO

June 9, 2015

HighTower Advisors, a hybrid advisory firm whose trajectory has been closely followed as a barometer for success of the independent model, made a presentation last week on taking the firm public, according to sources who requested anonymity...

Pershing CEO: RIA growth outpacing B-Ds

June 4, 2015

Registered investment advisers are the strongest driver of growth for Pershing's clearing and custody business as regulation and higher costs continue to put pressure on broker-dealers, according to chief executive officer Ron DeCicco. “The...

How does adviser pay in your city stack up?

June 3, 2015

Note. Source for all data: 2013 InvestmentNews/Moss Adams Adviser Compensation & Staffing Study and the U.S. Department of Labor's Bureau of Labor Statistics. Bubble sizes are determined by Service Adviser compensation; values for all three...

The continuing growth of the RIA channel, by the numbers

May 31, 2015

Market appreciation alone doesn't explain the continuing growth of the RIA channel. Overall, there was a 21% increase in the total assets under management of all included firms in the InvestmentNews RIA Data Center, from $1.1 trillion at the...

The top RIAs pose strong competition to large brokerages

May 31, 2015

When Veritable founder Michael Stolper was working at Kidder Peabody & Co. in the early 1980s, he found that sometimes the best advice for clients was to do nothing. But that wasn't very lucrative, since his income depended on commissions. So...

InvestmentNews Research, BlackRock launch new study of “Elite” RIAs

May 28, 2015

New York, May 28, 2015 – With the business of providing financial advice fast evolving – presenting advisers with new service opportunities as well as urgent practice challenges – InvestmentNews Research, in partnership with BlackRock...

Is adviser compensation rising in tandem with advisory firm revenues?

April 29, 2015

Our research studies have shown again and again that independent adviser compensation stacks up well against some of the best-paid professional careers. Two years ago, after the results were in from our 2013 InvestmentNews/Moss Adams Adviser...

Cantor Wealth regroups following CEO's departure

April 29, 2015

After a year of slow recruiting and the recent departure of one of its founders, Cantor Fitzgerald Wealth Partners, the budding wealth arm of storied trading firm Cantor Fitzgerald & Co., is recalibrating and betting on a stronger second act....

CEO of Cantor's wealth unit to depart

April 16, 2015

Stanley Gregor, who joined Cantor Fitzgerald & Co. in 2013 to help the Wall Street firm branch out into wealth management and launch Cantor Fitzgerald Wealth Partners, is leaving the firm in coming weeks, according to several sources familiar...

HighTower lands $750 million Morgan Stanley team

April 2, 2015

HighTower Advisors, a hybrid broker-dealer and investment adviser, has netted a top Morgan Stanley team in California with the addition of the Bahnsen Group, which previously managed around $750 million in assets. The group, which joins HighTower...

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