Additional services allow advisors to pick up the slack and expand as the rest of the industry gets squeezed.
As oil giant cuts 2,000 jobs overseas, advisor explains how the $3 billion firm helps oil-sector employees navigate severance, pensions, Exxon stock and NUA tax strategies.
OpenArc Corporate Advisory successfully fended off a temporary restraining order in Georgia, with the court ruling favoring the RIA's move to independence.
Former PayPal CEO Bill Harris debuts tech-focused RIA Evergreen Wealth 25 years after working alongside Elon Musk. “Quite frankly, we almost came to blows some days, just because there was such intensity,” Harris said Tuesday. “What did I learn working at PayPal? It's actually more that I learned not to do. It was complete chaos."
"Any advisor who might still be in some form of captivity or feeling trapped and looking to get liberated if you will, can look at this and say if they can do it, then I can do it," Shirl Penney told InvestmentNews amid the $129 billion OpenArc team's breakaway from Merrill Lynch and ensuing legal fight.
California-based $36 billion RIA EP Wealth Advisors has landed a $400 million term loan and $100 million credit facility as it readies for a fresh equity raise and continued M&A activity.
After retiring as No. 10 all-time in wins for NCAA D-I baseball coaches, Danny Hall has joined BIP Wealth as its VP of strategic growth to help grow the firm's baseball division and broader reach serving college and professional athletes.
"I think this is the exact time and perfect opportunity for TradePMR and Robinhood to do this because many custodians run retail businesses that compete directly with advisors for end-client relationships," TradePMR's Robb Baldwin told InvestmentNews.
Robinhood "financial superapp" includes plans for a new social network that could have additional risks, Altruist CEO Jason Wenk told InvestmentNews, as other RIAs applaud Robinhood's transparent approach to social trading.
From delayed communication and client attrition to cultural clashes, neglected next-gen talent, and integration misfires, industry leaders share risks of M&A that emerge once the ink has dried.
