Noting that 2020 has been a strong year for deals involving registered investment advisory firms, FP Transitions projects it will handle 22 transactions totaling $35 million in the third quarter and 16 transactions with volume of $30 million in the fourth quarter.
“If our projections are correct, 2020 could outperform 2019,” said CEO Brad Bueermann.
The firm said it closed the second quarter with roughly $43 million in total deal volume, representing an aggregate transfer of $1.73 billion in assets under management.
“That exceeded our expectations by almost 18%,” Bueermann said.
No investor losses? The SEC can still claw back every dollar of pro
Plus, Well Fargo hails May recruitment haul totaling more than $3 billion in assets, while UBS recruits a top advisor and women's champion from Lazard.
Robinhood’s invite-only Concierge unit now serves about 60,000 affluent customers with CFP access, tax planning, and estate planning resources as the retail brokerage expands further into wealth management.
The two wealthtech platforms name new C-level executives as AI-native strategy and private markets growth accelerate across the advice industry
Franklin Resources' fixed-income unit settles SEC charges and closes firm-level DOJ and regulatory probes, but Kenneth Leech's criminal case continues.
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.
