The O’Shaughnessy Asset Management president told InvestmentNews that volatility is fueling — not slowing — advisor adoption of personalized, tax-managed portfolios, as after-tax returns and transition support become defining competitive advantages.
'Tis the season for wirehouses to roll out pay plans, known as grids, and sing their praises to tens of thousands of employee financial advisors.
"Advisors are not going to like this, obviously," sad a senior industry executive.
Merrill has also nabbed a Morgan Stanley team in Georgia, while Raymond James lured multiple breakaway teams to its employee advisor channel.
Priority Financial Group, with an RIA of $3.1 billion in assets, is moving its broker-dealer operations to United Planners' Financial Services of America, an advisor-owned firm.
Janney has also made its Texas debut with an ex-RBC advisor group, while UBS hires an experienced advisor from Morgan Stanley.
Also, Carson adds an experience advisor from Northwestern Mutual, while Raymond James continues to bolster its independent and employee advisor units.
Bluespring also secured its eighth acquisition for 2025, a $1.4 billion Kestra affiliate firm, while $609B behemoth Mariner extended its footprint.
The ex-head of experienced advisor recruitment at Edward Jones arrives as her former firm extends its retirement and banking offerings.
BCRED said in September it was cutting the monthly distribution to investors by 9% to 20 cents per share.
The IBD's latest hire will drive its inorganic growth strategy while building on its momentum in recruitment.
Find InvestmentNews' full coverage of Osaic's ConnectED 2025 conference here.
Plus, the Commonwealth advisor diaspora continues with more conversions to Cetera, Osaic, and Raymond James.
'We feel over the moon with this transaction,' LPL's CEO Rich Steinmeier said.
A $50 million lawsuit from Primerica puts the hybrid RIA giant's latest advisor addition under the spotlight, with both firms disputing the facts.
The latest moves include two father-son duos and another advisor parting ways with Commonwealth.
Meanwhile, a Minnesota-based team parts ways with Commonwealth after 31 years, and Wells Fargo snags a three-advisor team managing more than $722 million from Merrill.
The six models, offered in partnership with Envestnet, are designed to help advisors manage affluent and institutional client relationships.
The buyer, Equitable, is looking to grow right now.
Osaic also attracted an experienced Fidelity advisor to an OSJ in New York, while Raymond James reeled in breakaways from Wells Fargo, UBS, and Northwestern Mutual.
