Goldman Sachs' Padi Raphael, Global Co-Head of Third-Party Wealth, said the "door is always open" regarding a potential RIA referral program, as the firm looks to serve the "mega trend" of growing wealth from independent advisors.
Advisors can dodge looming fee compression by offering family office services like property and casualty insurance, explains Elevation Point's Jim Dickson as his firm brings on investment from the Milstein-family backed Emigrant Partners.
iCapital is opening the door for independent financial advisors and RIAs to invest client capital in minority stakes across major league sports teams, a "non-correlated" asset class that's "highly resilient to tariff exposure."
'We haven't seen yield like this in a really long time," Goldman Sachs' Sylvia Yeh says of the municipal bond market.
The Watchman Group's Andrew Herzog has noticed his more left-leaning clients have been "looking to get out of the stock market, perhaps do more fixed income or go to cash" while his right-leaning clients are more comfortable keeping assets as they have them.
As Commonwealth advisors weigh their futures following the firm's sale, Summit Wealth Group is charting its own course as an independent RIA with $2.1 billion in assets, moving to SEI's custodian platform.
RIA industry veterans Jay Hummel and John Phoenix have launched a firm which offers 60% equity to advisors with plans to grow to over $5 billion in AUM, before selling to an institutional investor within five years.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
Debbie Taylor chose an outright sale to the Bain Capital-backed mega RIA Carson Group rather than saddling her daughter with a multi-million-dollar loan to take over Taylor Financial.
CEO Ritik Malhotra is leveraging Savvy Wealth's Fidelity partnership in offers to Commonwealth advisors, alongside "Acquisition Relief Boxes" filled with cookies, brownies, and aspirin.
