A four-adviser team managing $1.2 billion at Merrill Lynch in Summit, New Jersey, has formed SkyPath Private Wealth and affiliated with Sanctuary Wealth, an Indianapolis, Indiana-based hybrid whose affiliated advisers have $22 billion in assets under advisement.
The four SkyPath principals — Kevin Pearly, James Rohmann, Steven Filiaci and Ken Hopkins — are supported by Susan Hoyt and Jessica McGowan, all of whom had extensive tenures with Merrill Lynch.
Osaic and LPL Financial routinely square off in recruiting advisors from other firms as well as from each other.
Meanwhile, Wealthspire's Ground Control business picks up a $1B private wealth firm in London, and Modern Wealth deepens its presence in California.
The $100B-plus mega-RIA is folding custom portfolios, daily tax-loss harvesting and unified managed accounts into its Aspen advisor tech platform
From using projects as strategic thinking exercises to real-world challenges as problem-solving exercises, indie firms can make for more powerful talent incubators.
New BCG research names financial services among the world's most AI-exposed industries and the US as a top-tier AI economy.
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
