Leo Almazora

Leo Almazora is the resident US news writer at InvestmentNews, a role he has held since February 2024. He covers a broad range of topics central to the financial advisory industry, including broker-dealer news, registered investment advisor (RIA) activity, advisor recruitment and moves, retirement planning, elder fraud, and wealth technology across the United States. Leo brings nearly a decade of financial journalism experience to his reporting, having developed deep expertise in equities, fixed income, mutual funds, exchange-traded funds (ETFs), alternative investments, and wealthtech through extensive conversations with portfolio managers, financial advisors, and industry executives.

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Leo Almazora
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Stride goes further for gig workers with portable benefits program
RETIREMENT PLANNING APR 03, 2024
Stride goes further for gig workers with portable benefits program

The fintech’s new savings program for independent workers is being launched in partnership with DoorDash, with a pilot in Pennsylvania.

Fees for financial planning are on the rise: AdvicePay
PRACTICE MANAGEMENT APR 03, 2024
Fees for financial planning are on the rise: AdvicePay

Research shows upticks across subscription and one-time payment models amid investors’ growing appreciation for financial advice.

Focus chugs along with hub merger strategy
RIA NEWS APR 03, 2024
Focus chugs along with hub merger strategy

The latest intra-network consolidation, involving a HNW and retirement plan practice in Illinois, is set to form a $14.5B wealth firm.

EP Wealth snaps up $1.2B California practice
RIA NEWS APR 03, 2024
EP Wealth snaps up $1.2B California practice

The RIA's acquisition of Wacker Wealth Partners, its second deal this year, bolsters its presence in the state’s Central Coast region.

SEI rolls out upgrades to managed accounts program
TAMPS APR 02, 2024
SEI rolls out upgrades to managed accounts program

The investment platform provider adds more SMA and UMA options, reduces costs, and boosts tax optimization tech for advisors.

Mutual funds make a comeback in February, Cerulli says
ETFS APR 02, 2024
Mutual funds make a comeback in February, Cerulli says

Data show the first net inflows into mutual funds in roughly two years, with an unprecedented $22 billion net influx into active ETFs.

ARA, Ceres throw support behind DOL ESG rule for 401(k)s
RETIREMENT PLANNING APR 02, 2024
ARA, Ceres throw support behind DOL ESG rule for 401(k)s

The two nonprofits are urging the Court of Appeals to uphold a lower court decision supporting a 'middle-of-the-road' approach for fiduciaries.

OneDigital snaps up Texas-based wealth and retirement practice
RETIREMENT PLANNING APR 02, 2024
OneDigital snaps up Texas-based wealth and retirement practice

The deal, the RIA's third this year, broadens its presence in the south-central US.

Luma forges annuity management alliance with Pershing
CUSTODIAN APR 02, 2024
Luma forges annuity management alliance with Pershing

The partnership will unlock educational resources, analytics, and tools to help advisors manage annuity sales on Pershing’s platform.

Sanctuary welcomes UHNW duo from Merrill
WIREHOUSES APR 02, 2024
Sanctuary welcomes UHNW duo from Merrill

The firm adds a $700 million breakaway practice in North Carolina.