The San Francisco-based RIA has its logo on the shirt sleeve of 23-year-old Riley Lewis as he makes his major championship debut, and plans to further leverage the golfer's cachet among clients and prospects.
Tariff-driven economic turbulence and stock market volatility could fuel further demand for annuities as a product for investors near retirement age to limit their downside exposure.
Transactions have slowed according to recent data as industry insider warns that the trip doesn't always match the brochure when minority investors come onboard.
According to a new Interactive Brokers survey, 42% of independent advisors are investing more in non-U.S. equities, while 40% are reducing client exposure to U.S. stocks amid growing concerns over tariffs and the national debt.
In its first move since selling a majority stake to HPS Investment Partners, Lido Advisors has acquired Michigan-based Exchange Capital Management. The deal comes as HPS prepares to join BlackRock, a major step for the world’s biggest asset manager expanding into the RIA space.
"This legal proceeding is about accountability and safeguarding ... the ethical standards our industry relies on," said Falcon Wealth CEO Gabriel Shahin, as the RIA accuses ex-employee Nicole Amore of misusing client data in her transition to Parallel Advisors.
New data from F2 Strategy shows 95% of RIAs are using AI - four times the adoption rate of banks. Trust companies account for 90% of firms not using AI, raising alarms about their ability to stay competitive.
As more RIAs seek support on portfolio strategy and macroeconomic trends, AllianceBernstein says its dedicated RIA unit sales have increased 113% since 2023.
"We are making sure to pivot away from companies disproportionately exposed to the lower-end consumer," says F.L.Putnam's Ellen Hazen, as her RIA's investment strategy prepares to react to proposed cuts to medicaid and SNAP.
As Kalshi aims to bring prediction markets to the same apps where clients check 401(k) balances, Schwab says its "monitoring the space and regulatory landscape closely" but has no current integration plans with prediction markets.
