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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Thrivent plans major hiring spree of nearly 600 advisors in 2025
RIA NEWS MAY 27, 2025
Thrivent plans major hiring spree of nearly 600 advisors in 2025

The Fortune-500 financial services firm plans to hire nearly 600 advisors by the end of this year across its employee and independent channels, wanting a "younger, more diverse population of advisors" in five key cities.

Schwab wraps growth services around custody to lure breakaway RIAs
RIA NEWS MAY 21, 2025
Schwab wraps growth services around custody to lure breakaway RIAs

Schwab's new Advisor ProDirect subscription program will serve as a launch pad for advisors looking to go independent, particularly those managing $50 million to $300 million in assets.

ETF fees stall as mutual fund costs keep falling, Morningstar finds
ETFS MAY 15, 2025
ETF fees stall as mutual fund costs keep falling, Morningstar finds

Morningstar says that declining fees saved investors $5.9 billion in fund expenses across ETFs and mutual funds in 2024.

'Truly concerning:' Social media is winning Gen Z's wallets over financial advisors
RIA NEWS MAY 15, 2025
'Truly concerning:' Social media is winning Gen Z's wallets over financial advisors

Gallup finds 42% of American adults under 30 are getting financial advice from social media, raising concerns of "misinformation being shared by finfluencers."

AlTI Global posts Q1 growth; maintains ESG-investing approach
RIA NEWS MAY 14, 2025
AlTI Global posts Q1 growth; maintains ESG-investing approach

Despite a cooling U.S. appetite for ESG funds, AlTi Tiedemann Global reported a 14% revenue surge and a 38% jump in adjusted EBITDA for Q1, while doubling down on its social impact mission for investing.

Mercer sues ex-advisors over $90M client poaching allegations
RIA NEWS MAY 12, 2025
Mercer sues ex-advisors over $90M client poaching allegations

The $71 billion RIA accuses former employees Ryan Malec and David Weitz of stealing client data and breaching contracts after launching a rival firm in Atlanta.

Creative Planning CIO warns of short-term private equity flips
RIA NEWS MAY 09, 2025
Creative Planning CIO warns of short-term private equity flips

"It's the Golden Age, we're all blessed that this is where we are, what we do for a living, and that the sun is shining on the transition towards the RIA space," Creative Planning CIO Jamie Battmer said at a forum hosted by Goldman Sachs.

Goldman Sachs: RIA M&A market defies corporate slowdown
RIA NEWS MAY 08, 2025
Goldman Sachs: RIA M&A market defies corporate slowdown

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.

Elevation Point banks on family office model to combat fee compression
RIA NEWS MAY 07, 2025
Elevation Point banks on family office model to combat fee compression

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, CAZ help advisors tap into 'golden era' of sports team investing
ALTERNATIVES MAY 06, 2025
iCapital, CAZ help advisors tap into 'golden era' of sports team investing

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."