'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.
As Robinhood bets on prediction markets, advisors are skeptical of the app's push into the RIA custody and wealth management services.
Ameriprise is offering up to 125% of trailing revenue to reel in top-producing Commonwealth advisors from LPL as a recruiting battle continues to rock the independent advisor industry.
With growth topping succession as the leading M&A driver, referral programs are a top-of-mind consideration for firms as Goldman Sachs, Pershing and Robinhood consider entering the referral market.
