Nearly a dozen industry associations signed a letter of support for the Financial Exploitation Prevention Act, which would let mutual fund firms and transfer agents pause transactions if elder abuse is suspected.
After a multi-state court fight and allegations he was "phased out of work" for younger advisors, Glenn Frank and Hightower told an Illinois federal judge they’ve reached the framework of a settlement.
Edelman claims a departing advisor emailed clients about the RIA's “fourth CEO transition in seven years” to sway them toward Prime Capital as part of an alleged poaching strategy that continues today.
The consolidating RIA market is prone to "outdated ADV disclosures to billing errors and supervision lapses," compliance consultant Kaitlyn Wulfken says, as the SEC flags M&A.
Merit president Kay Lynn Mayhue told InvestmentNews that Chicago will scale into “a $10 billion city within short order,” as ex-Commonwealth team Blueprint Wealth Advisors starts its Windy City presence.
Keebeck Wealth Management founder Bruce Lee starts 4 a.m. workouts with Mark Wahlberg, as their friendship boosts his RIA’s appeal to the health and wellness-focused younger generation.
LPL has taken a minority stake in the $40 billion RIA and OSJ Private Advisor Group, continuing a string of moves from broker-dealers to directly capitalize on assets from independent advisors.
MOEs can turn into a "very morbid discussion for a leadership team," says Merit's M&A executive David Wahlen, highlighting the tough choices RIAs face as they chase the scale of mega-firms.
Signature Estate & Investment Advisors, currently managing $30 billion in assets, is ramping up its M&A strategy with an eye toward potential “mergers of equals” as it targets $100 billion by 2030.
Bitcoin’s record highs and Trump’s new crypto laws mark a turning point for institutions including Schwab, Morgan Stanley, and Citi as they enter digital assets more boldly.
