GenXFinancial, the Nashville, Tennessee-based parent of super office of supervisory jurisdiction Innovative Financial Group, will acquire Boston Partners Financial Group, another large office of supervisory jurisdiction that's affiliated with Royal Alliance Associates. Each OSJ manages about $4.5 billion in client assets.
Upon completion of the transaction, the terms of which were not disclosed, GenX will supervise 180 independent representatives and become the largest super-OSJ affiliated with Royal Alliance, an Advisor Group subsidiary.
Mark Marroni, who has led Boston Partners for more than 20 years, will continue to lead his own ensemble practice affiliated with GenXFinancial following the close of the transaction, and will operate under the Boston Partners Financial Group brand.
Zocks has inked an exclusive partnership with mega-RIA Hightower, while Jump becomes the choice AI operating system for Equitable Advisors' field force.
The agency's proposal to rescind the contentious 2024 Biden-era mandate opens up a 60-day public comment period.
The Carmel, Indiana RIA grew nearly 150% in assets since severing ties with its first backer following a FINRA dispute.
Meanwhile, Raymond James' employee arm adds a defector from D.A. Davidson, and South Carolina-based RIA Ballast Rock Private Wealth recruits a new advisor.
A FINRA arbitration panel sided with a former wealth manager fired over a $642 deli platter and a disputed client event.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
