April has already handled more than $1 billion in refunds this tax season, offering advisors the ability to model the tax impact of client decisions like large stock sales or Roth conversions.
Anthropic's new Claude integrations target RIAs, broker dealers, custodians, TAMPs, as new research from DeepVest finds mainstream AI models produce errors on 85 percent of investment management prompts.
Atlanta-based BIP Wealth plans to target RIAs with $250M to $1.5B in assets in M&A as it eyes growing from its current $5.5 billion total AUM to $20 billion and beyond.
A record 102 acquirers entered the market last year, but 20 firms captured more than half of all acquired assets, according to Fidelity’s latest M&A report.
As the OpenArc litigation drags on, Merrill Lynch is absorbing another recruiting blow with a $1 billion advisor team defecting to Janney Montgomery Scott.
New York Mets owner Steve Cohen and Carolina Panthers owner David Tepper rank as Bloomberg's highest-paid hedge fund managers as sports investing becomes increasingly popular.
Jump and Avantos each raised big funding rounds this week, marketing themselves as “AI-native operating systems” for advisors at top RIAs and custodians—counting Mercer, Merit, Focus Financial Partners, SEI and Vanguard as early adopters.
After reaching $3.5 billion AUM driven entirely by organic growth, Virginia-based firm targets acquisitions between $400M and $3B in assets as part of its aim to reach $22 billion by 2033.
The $15 billion RIA’s new AI Analyst scans client data to flag tax risks, cash imbalances, market exposure and life events, giving advisors a head start on client outreach. Farther's investors include CapitalG, a fund from Google's parent company Alphabet.
Schwab's RIA Compensation Report shows firms that offer performance-based compensation generate 24% higher revenue and serve 43% more clients over five years compared to firms without performance-based staff incentives.
