GenXFinancial, the Nashville, Tennessee-based parent of super office of supervisory jurisdiction Innovative Financial Group, will acquire Boston Partners Financial Group, another large office of supervisory jurisdiction that's affiliated with Royal Alliance Associates. Each OSJ manages about $4.5 billion in client assets.
Upon completion of the transaction, the terms of which were not disclosed, GenX will supervise 180 independent representatives and become the largest super-OSJ affiliated with Royal Alliance, an Advisor Group subsidiary.
Mark Marroni, who has led Boston Partners for more than 20 years, will continue to lead his own ensemble practice affiliated with GenXFinancial following the close of the transaction, and will operate under the Boston Partners Financial Group brand.
Nine-month electronic trading freeze and share lending program at the center of dismissed claim.
Meanwhile, Rossby Financial's leadership buildout rolls on with a new COO appointment as Balefire Wealth welcomes a distinguished retirement specialist to its national network.
With a smaller group of companies driving stock market performance, advisors must work more intentionally to manage concentration risks within client portfolios.
Professional athletes are often targets of scam artists and are particularly vulnerable to fraud.
The brokerage giant tells Wall Street it will use artificial intelligence to reach clients it has never been able to serve — and turn the technology's perceived threat into a competitive edge.
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline
