The $350B RIA firm is becoming the exclusive wealth management partner of US Squash, betting the sport’s affluent fan base can attract clients to its direct-to-consumer advisory brand, Signature Wealth.
As advisors field client demand for pre-IPO exposure to Elon Musk’s rocket company, some say the company is “priced to perfection,” while others warn its $15 billion in revenue does not justify a $2 trillion valuation.
The $6.5B RIA's founder Bill Sowell says roughly a quarter of its current clients qualify for Cache River Private Wealth, which will bring "family office lite" services to clients worth at least $5 million.
Silicon Valley's preeminent startup accelerator, Y Combinator, is betting on a robo-advisor startup offering subscription-based AI investment guidance
Osaic is integrating Scribe to automatically capture workflows and turn them into step-by-step guides to reduce administrative lift across its network of over 10,000 advisors.
As the NFL Draft unfolds and rookies sign their first contracts, advisors point to the league’s Second Career Savings Plan that offers a 2-for-1 employer match on contributions — well above typical workplace 401(k) structures.
The long-standing practice of deleting client records after the SEC’s five-year mandate may be losing relevance as advisory firms seek to retain data for AI-driven insights.
Stifel CEO Ron Kruszewski says AI can boost advisor productivity and prompt more ideas around tax and estate planning, but “when you move to judgment, which is what our advisors do, it just really isn't that good."
Brown & Company’s transition reflects a succession strategy for founder Mark Brown, and marks the second team from LPL Financial this month to join private equity-backed RIA acquirer Modern Wealth Management.
“I feel like I'm leveraging a lot of what I developed over time at Morgan Stanley, albeit in a different framework of this fiduciary construct and a much more boutique-like culture,” Melissa Nims said of her jump to the RIA after 20 years at the wirehouse.
