Dynasty Financial Partners CEO Shirl Penney says private equity-backed RIA roll-ups are beginning to resemble the wirehouses advisors originally left — and could spark a new cycle of breakaways as alignment and independence erode.
As Schwab Wealth Advisory pushes toward 30 affluent-market locations and adds hundreds of advisors, some RIAs say the custodian is increasingly competing for the same high-net-worth clients.
The Milwaukee Bucks superstar, who expects to become a billionaire, says athletes should keep their financial advisors, lawyers, and agents independent from one another as wealth management firms increasingly target services to pro athletes.
CFO Doug Moore and EVP of financial planning Sarah Mouser will both work remotely for Merit. “I think the RIA of the future goes after talent wherever it is and tries to get people together when it makes sense,” says Merit's Alex Hansen.
AE Wealth’s new president reflects on her 25 years in wealth management and how the industry’s cycle from independence to RIA to W-2 is redefining advisor affiliation models.
A survey from TacticalMind AI found 69% of advisors say a high-quality AI platform that makes investment recommendations and constructs portfolios is worth $500 monthly, while research-only tools are valued closer to $250.
Orion CEO Natalie Wolfsen says artificial intelligence could double the number of Americans receiving financial advice as RIAs deploy AI to boost advisor productivity
Alabama pitcher Tyler Fay and Arkansas slugger Camden Kozeal are working with Socium Advisors to manage NIL income and prepare for the MLB Draft in July, but they'll first aim to reach Charles Schwab Field in Omaha for the College World Series.
“I find myself relying on [prediction markets] more and more as an indicator of what the markets are really thinking," said Ben Snider, Goldman Sachs’ chief US equity strategist. "I have AI combine Kalshi, Polymarket, anything else I can find, and aggregate them across my screen."
Alternative investment platforms like SEI Access now let financial advisors explore litigation finance, a high-return but high-risk alternative.
