Hub International, a Chicago-based insurance broker and wealth manager, has acquired the assets of Kornerstone, a Chico, California-based registered investment adviser managing $560 million.
Kornerstone has become part of Hub’s retirement and private wealth business, which serves retirement plans and individuals. The several RIA affiliates in that Hub unit provide investment advisory services to clients whose total assets approximate $105 billion, the company said in a release.
Kornerstone has 150 clients. Its president, Eric Blofsky, and the rest of the team will join Hub.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
