Osaic seals deal for Lincoln’s wealth advisor business
The wealth management giant has gotten even more colossal as it welcomes $115 billion in assets and some 1,400 advisors.
Raymond James welcomes advisor couple in Oklahoma
The broker-dealer giant has onboarded a husband-wife tandem who previously managed $200M at Edward Jones.
Trump Media’s banned accountant had 20 B-D clients
"These firms have to go back, hire a new accounting firm and restate financials," said one senior industry executive.
LPL welcomes ex-UBS advisor in the Northwest
The veteran advisor, whose resume includes time in Silicon Valley, brings a $275M book that includes lawyers, small business owners, and widows.
Goldman bolsters alts commitment with new lending solution
Extended to eligible RIA clients, the new offering takes the staid practice of securities lending to the alternative investment space.
Tech firm takes generative AI to the RIA space
First-of-its-kind RIA GPT promises to boost advisors’ productivity and enhance client outcomes, while still complying with SEC rules.
MAI extends acquisition streak with Harbor Wealth deal
The high-net-worth RIA has added $321M to its network with the addition of a women-owned and operated practice in Colorado.
iCapital unveils model portfolios for alts-focused advisors
The leading alternative investments provider is rolling out a suite of asset-allocation strategies across private equity, private credit, and real assets.
Robinhood’s crypto business under fire after SEC warning
The stock trading platform is facing an enforcement action as the federal regulator continues to crack down on digital assets.
Change continues at Focus with Colony-Buckingham merger plan
“Transformational” combination will see Adam Birenbaum lead a wealth giant with nearly 1,200 employees across more than 90 locations.
Do Warren Buffett’s words still carry weight on Wall Street?
The Berkshire Hathaway shareholders meeting remains a big draw, but do advisors still hang on the Oracle of Omaha's every word?
Stifel employees leave after probe into ‘inappropriate relations’
A spokesperson for the St. Louis-based firm says it has 'taken appropriate action,' with one of the employees going through a 'legal process.'
Valuations for B-Ds and RIAs soar. Can it last?
Deals by LPL underscore surge in price propelled by the ongoing movement to fee-based revenue from one-time commission charges.
Millennials want advice now but industry ‘unprepared’
Firms must have a clear idea of how to attract and retain G2 advisors as record CFP exam numbers offer good news for the future.
Asset managers are focusing on quality data and a better investor experience
Accurate data and an expanded product range are priorities.
Boomerang kids putting finances at risk for themselves and their parents
Report reveals a rise in adult children returning home.
Berkshire Hathaway earnings grow to $11B, cash hoard at $189B
Warren Buffett says cash will only be spent on low-risk, high-return deals.
Hedge fund options bets may predict green equities performance
New academic study found industry predictions outperform.
