The deal adds Verus’s $1.2 trillion institutional advisory footprint into Cerity, an RIA that manages roughly $150 billion in existing assets including $8.5 billion tied to its family office division.
Robinhood is bundling tax, estate planning and CFP support through third-party providers Vanilla and Taxfyle. "It’s a great strategic offering to start to change the mindset of Robinhood being a no service and cheap free platform," said one financial advisor.
The world's biggest YouTube star is entering financial services as data shows that Americans under age 30 are more likely to get financial advice from social media than from finance professionals.
By aggregating client-authorized data across brokerage, crypto, real estate and alternative assets, Pompliano’s Silvia platform claims visibility into client finances that goes beyond what RIAs are accustomed to accessing.
Michael Kitces raised potential conflict-of-interest concerns regarding the CFP Board’s internal CE programming and fees charged to CE providers, accusing the nonprofit of “going into direct competition with the CE providers it regulates.”
SGH Wealth Management’s organic strategy blends social media marketing, early career recruiting and a fully W-2 workforce as the firm eyes $1 billion in assets over the next few years.
As Patriots quarterback Drake Maye heads to Super Bowl LX, Betterment is ramping up advertising tied to its brand ambassador to draw attention to its robo-advisor and RIA custodian platform.
Summit Wealth Group paired its first acquisition with the launch of a family office unit, as CEO Randy Morris shares plans to prioritize $400 million and up RIAs, and grow his firm to $10 billion in assets over the next five years.
Nuveen, which has over $200 billion in municipal assets under management, will release co-branded apparel with Wahlberg's Municipal brand after the idea was introduced by financial advisor Bruce Lee.
Barry Ritholtz is selling a portion of his ownership to broaden advisor equity at the $7.6 billion RIA, keeping the firm fully employee-owned and independent of outside capital.
