"Advisors don't want to sacrifice flexibility and ownership in order to access that institutional quality resources and support," Concurrent's Joe Mooney says as his Merchant-backed RIA crosses $20 billion AUM.
Wu joins Orion after roughly 10-year stints at both Schwab and AssetMark, replacing former UBS executive Michael Mandelos who left Orion after one year.
A federal judge will no longer require searches of advisors' personal devices in the recruiting dispute between Ameriprise and LPL Financial as the case moves to a FINRA arbitration hearing set for October.
Addepar's new ADX data exchange for advisors follows the company's May 2025 acquisition of AI workflow startup Arcus and its introduction earlier this year of an AI assistant platform named Addison.
Ameriprise data shows 75% of single adults expect to remain unpartnered long term, but many still lack long-term health care plans, estate planning, and tax strategies tailored to solo retirement.
Cetera Planning Partners reflects how broker-dealers are building RIA platforms to capture the model’s growth and boost firm valuations, though consultant David DeVoe says a lingering “stigma” still deters some advisors from joining IBDs.
Poughkeepsie-based $1.5 billion firm The Oak Group has left Wells Fargo to join Arax Advisory Partners, the $42 billion RIA platform backed by RedBird, whose portfolio includes sports investments in the Boston Red Sox, AC Milan, and the YES Network.
A nearly 90-point basis point increase from Fidelity led one RIA to move all of their long-short SMA client accounts to Schwab.
The Mather Group will pay Robinhood 25% of revenue from clients referred through Robinhood Advisor Network and custody those assets at TradePMR to reach young investors "who weren’t sitting in anyone’s pipeline."
Advisors can prompt the Perplexity Computer to flag concentrated stock exposure, scan portfolios for idle cash, or send alerts when geopolitical events could impact commodities tied to client holdings.
