Cresset Asset Management has acquired Asset Management Advisors Inc., a Houston-based registered investment adviser managing $484 million. With this addition Cresset — which is based in Chicago — now manages more than $14.5 billion.
Founded in 1986, Asset Management Advisors is headed by Lynn Mathre and has expertise in tax planning and alternative investments.
Terms of the acquisition were not disclosed.
Robinhood is adding Cortex for Advisors across TradePMR, bringing AI-powered portfolio analysis and tax insights to advisors, while executives say regulatory constraints still prevent AI from directly managing client assets.
As Americans transition from saving for retirement to spending in retirement, new research suggests sustainable income matters more than account balances.
The agreement marks the end of a four-decade sub-advisory partnership while giving Wellington a scaled distribution platform for financial advisors.
CEO Rob Nance says the industry's first purpose-built transitions platform can compress months-long moves into days, effectively removing a key barrier to independence.
LPL recently has softened its antipathy to mainstream marketing.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
