The liquidity increase at the nontraded Blue Owl Technology Income Corp. comes as some advisors and clients are bailing from BDCs.
New hire brings mix of client experience, digital and consulting chops as the independent broker-dealer behemoth leans into scale, growth, and M&A.
Also, LPL has scooped a second-generation high-net-worth practice from Osaic, while Ameriprise welcomes a father-son team from Edward Jones to its financial institutions group.
LPL Financial's Jared Fingeret sees a gap in the market for smaller advisors seeking minority investments and capital for growth, and the firm is positioning to fill it.
Also, a Rhode Island-based UBS team hops to another wirehouse, and another LPL veteran has defected to Cetera in Connecticut.
Declining distribution rates at some BDCs didn’t help either.
The veteran executive who helped oversee Cetera’s multicustodial buildout and deal-driven expansion will step aside after a yearlong succession process.
The incentive program will translate into an extra 1% of shares for clients who put money into the REIT through April 1.
One advisor thought he found a loophole to clean his record. A federal judge had other ideas.
Minority stake fuels national rollout of SuccessionFully platform as advisor retirements surge ahead.
Regulator says flawed disclosures and weak oversight led to excess fees and hidden interest at American Portfolios.
“The 2025 tariffs caused difficulties in the market,” said Mark Zalatoris, CEO of the Inland Real Estate Income Trust Inc. “Investors in real estate are looking at uncertainty."
The latest advisors jumping to the wirehouse's traditional brokerage and FiNet channels include defectors from Edward Jones, Ameriprise, and UBS.
The Connecticut practice, led by two LPL veterans, arrives as Cetera steps up its charm offensive for advisors seeking new affiliations.
The Bluerock Private Real Estate Fund ended its first day of trading at $14.70 per share, a 39.7% decline from its value last week.
After a record year for RIA M&A, Cohen says deal activity is poised to speed up as private equity-backed firms hit the exit phase of their investment cycle.
Meanwhile, Alex David has also left Raymond James to become CEO of Equity Services Inc.
New estate and retirement income tools widen the planning playbook for Cetera’s 12,000 advisors, with an eye on tax, financial security, and multi-generational relationships.
Raymond James is turning to the longtime asset management executive to steer its multi-boutique platform while supporting an aggressive ETF build-out.
An advisor quartet managing $300 million also joined an indie practice within Ameriprise, while Commonwealth Financial Group's latest hires include an ex-Citi Private Bank leader who previously oversaw $3.6 billion in client assets.
