Cerity Partners, a Chicago-based registered investment advisory firm managing $27 billion, has acquired Algonquin Advisors, a Greenwich, Connecticut-based RIA managing $232 million, and Worldview Wealth Advisors, a San Francisco firm managing $140 million.
Algonquin Advisors, founded in 1998, is led by founder George Hubbard and CEO John Hyman. The firm’s seven professionals also are joining Cerity.
Worldview Wealth Advisors, founded in 2005 by Andrew Fisher, has five team members who will join Cerity.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
