Andrew Cohen

Andrew covers RIAs and wealth management for InvestmentNews. He previously was a family office reporter for Crain Currency, and has spent years covering the sports business for outlets such as Sports Business Journal, Front Office Sports, and Awful Announcing. He is based in New York. Email him at [email protected]

 

Andrew Cohen
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RIAs pull back from US stocks, Interactive Brokers survey reports
RIA NEWS JUN 11, 2025
RIAs pull back from US stocks, Interactive Brokers survey reports

According to a new Interactive Brokers survey, 42% of independent advisors are investing more in non-U.S. equities, while 40% are reducing client exposure to U.S. stocks amid growing concerns over tariffs and the national debt.

Lido Advisors makes first deal since BlackRock-backed buyout; acquires Michigan RIA
RIA NEWS JUN 11, 2025
Lido Advisors makes first deal since BlackRock-backed buyout; acquires Michigan RIA

In its first move since selling a majority stake to HPS Investment Partners, Lido Advisors has acquired Michigan-based Exchange Capital Management. The deal comes as HPS prepares to join BlackRock, a major step for the world’s biggest asset manager expanding into the RIA space.

Ex-Falcon advisor sparks legal fight after jump to $9B RIA Parallel Advisors
RIA NEWS JUN 10, 2025
Ex-Falcon advisor sparks legal fight after jump to $9B RIA Parallel Advisors

"This legal proceeding is about accountability and safeguarding ... the ethical standards our industry relies on," said Falcon Wealth CEO Gabriel Shahin, as the RIA accuses ex-employee Nicole Amore of misusing client data in her transition to Parallel Advisors.

AI widens tech divide between RIAs and banks
FINTECH JUN 06, 2025
AI widens tech divide between RIAs and banks

New data from F2 Strategy shows 95% of RIAs are using AI - four times the adoption rate of banks. Trust companies account for 90% of firms not using AI, raising alarms about their ability to stay competitive.

AllianceBernstein's RIA sales surge over 100% in first year of dedicated coverage
RIA NEWS JUN 06, 2025
AllianceBernstein's RIA sales surge over 100% in first year of dedicated coverage

As more RIAs seek support on portfolio strategy and macroeconomic trends, AllianceBernstein says its dedicated RIA unit sales have increased 113% since 2023.

President Trump's big bill sparks strategic shifts among wealth advisors
REGULATION AND LEGISLATION JUN 06, 2025
President Trump's big bill sparks strategic shifts among wealth advisors

"We are making sure to pivot away from companies disproportionately exposed to the lower-end consumer," says F.L.Putnam's Ellen Hazen, as her RIA's investment strategy prepares to react to proposed cuts to medicaid and SNAP.

Schwab monitors prediction markets as Kalshi targets brokerages
EMERGING MARKETS JUN 04, 2025
Schwab monitors prediction markets as Kalshi targets brokerages

As Kalshi aims to bring prediction markets to the same apps where clients check 401(k) balances, Schwab says its "monitoring the space and regulatory landscape closely" but has no current integration plans with prediction markets.

RIA firm Certuity invests in Italy SailGP team alongside Anne Hathaway
ALTERNATIVES JUN 03, 2025
RIA firm Certuity invests in Italy SailGP team alongside Anne Hathaway

SailGP, the global sailing league founded by Larry Ellison, has added $3 billion RIA and multi-family office Certuity as an investor in its Italy team as the firm expands its focus on emerging sports following earlier investments in NBA franchises.

Autopilot surges to $750M AUM, touts RIA growth as users copy Pelosi, Buffett trades
FINTECH MAY 30, 2025
Autopilot surges to $750M AUM, touts RIA growth as users copy Pelosi, Buffett trades

With $750 million in assets and plans to hire a RIA Growth Lead, Autopilot is moving beyond retail to court advisors with separately managed accounts and integrations with RIA custodians such as Schwab and Fidelity.

'Drunken sailors' - Pitcairn CEO warns PE-fueled RIA frenzy will crash
RIA NEWS MAY 29, 2025
'Drunken sailors' - Pitcairn CEO warns PE-fueled RIA frenzy will crash

“Private equity is going to pay more these days, they are throwing around cash like drunken sailors in port, and the multiples don't make any economic sense. At some point this is going to come crashing down, but it hasn't yet,” said Pitcairn CEO Andrew Busser.