Leila Shaver of My RIA Lawyer says advisors relying on AI notetakers risk sending client communications through automated email summaries, which must be reviewed by humans before distribution to meet SEC expectations.
Trustees at the $13.8 billion Chicago Teachers’ Pension Fund reopened their investment consultant search after selecting Verus Investments last month, citing concerns about the private equity ownership of its new parent Cerity Partners, a mega-RIA backed by Genstar Capital, Warburg Pincus, and Lightyear Capital.
New RIA Prairie View Wealth Partners targets a market that co-founder Adam Cox says is dominated by banks and trust companies but lacks independent advisory firms.
OpenArc’s managing director says constraints on hiring inside the wirehouse model were a key catalyst behind the firm’s exit, as the RIA has added more than 20 hires since leaving Merrill Lynch seven months ago.
More than 80% of self-employed Americans in unincorporated businesses — roughly 9 million people — lack a solo 401(k), a gap Betterment is targeting through networks spanning thousands of advisors.
The RIA formerly known as Bleakley Financial Group is buying Armstrong & Sinoff Financial to anchor its new regional hub in Orlando and fuel OnePoint's $5 billion inorganic growth plan for 2026.
Former Marcum Wealth managing director Wendy Eldridge alleged gender bias and shareholder oppression, with claims also tied to earlier Hightower acquisition talks before Marcum was sold to Wealth Enhancement last year.
Goldman’s shifting approach to wealth management has included reorganizations, the United Capital buy-and-sell, a short-lived robo-advisor and frustrating client constraints, as described by Farther's new family office head Ben Seidenstein.
Eric Franklin, who started Prospero Wealth after a career at Amazon, says Washington's new millionaire tax has clients discussing moves and could eventually push his own RIA to relocate.
In leaving the wirehouse model for an RIA, Jason Stephens says Evertern Wealth can now “have tailored planning software, tailored reporting software that’s very sophisticated for our clientele.”
