Industry News

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Bronfman exit clears path for Skydance to buy Paramount Global
RIAS INDUSTRY NEWS AUG 27, 2024
Bronfman exit clears path for Skydance to buy Paramount Global

CBS, MTV firm set for revitalization under new owner.

By Bloomberg
Fed cuts could spark $1T US asset sale, FX market risk
RIAS INDUSTRY NEWS AUG 27, 2024
Fed cuts could spark $1T US asset sale, FX market risk

US denominated asset sale could be an 'avalanche'.

By Bloomberg
Ex-Goldman MD 'bets career' on climate-proofing real estate
RIAS INDUSTRY NEWS AUG 27, 2024
Ex-Goldman MD 'bets career' on climate-proofing real estate

Wall Street veteran teams up with billionaire investor Tom Steyer.

By Bloomberg
New York RIA faces $1.8M penalty over failures in handling nonpublic information
RIAS INDUSTRY NEWS AUG 26, 2024
New York RIA faces $1.8M penalty over failures in handling nonpublic information

SEC says the firm failed to properly review risks in CLO trades it executed, causing roughly $685K in losses for two counterparties.

By Leo Almazora
B-D giant Osaic reorganizes management team
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 26, 2024
B-D giant Osaic reorganizes management team

The moves boost the authority of Tim Hodge and Dimple Shah in Osaic's management structure.

By Bruce Kelly
Americana reveals managing partner for LatAm family office division
RIAS INDUSTRY NEWS AUG 26, 2024
Americana reveals managing partner for LatAm family office division

The Dynasty Financial partner firm is looking to become a destination of choice for elite financial advisors in the international UHNW space.

By Leo Almazora
Dimensional Fund alums launch platform to empower RIAs
RIAS INDUSTRY NEWS AUG 26, 2024
Dimensional Fund alums launch platform to empower RIAs

The new venture, Parkwoods Wealth Partners, aims to help registered investment advisers overcome the challenges of growth and succession planning.

By Leo Almazora
Wellspring taps Evolution Capital’s Jeffrey Kadlic as president and COO
RIAS INDUSTRY NEWS AUG 26, 2024
Wellspring taps Evolution Capital’s Jeffrey Kadlic as president and COO

With 25 years of experience across multiple areas, the alternative investing veteran is set to lead the multi-family office’s next leg of expansion.

By Leo Almazora
Baird nabs $206M advisor from RBC
RIAS INDUSTRY NEWS AUG 26, 2024
Baird nabs $206M advisor from RBC

The employee-owned firm is building on its 50-year presence in Minnesota with its latest veteran addition.

By Leo Almazora
LPL welcomes $150M advisor in Texas
RIAS INDUSTRY NEWS AUG 26, 2024
LPL welcomes $150M advisor in Texas

The broker-dealer giant’s latest addition in San Antonio comes with over two decades of experience, including owning his own RIA.

By Leo Almazora
Hybrid RIA celebrates 200 pillar partner advisors on its $13B AUM platform
RIAS INDUSTRY NEWS AUG 26, 2024
Hybrid RIA celebrates 200 pillar partner advisors on its $13B AUM platform

Prioritizing retirement plan for advisors is one of the keys to firm's success.

By Steve Randall
PE firm adds catalog of Grammy winning Bruno Mars collaborator to assets
RIAS INDUSTRY NEWS AUG 26, 2024
PE firm adds catalog of Grammy winning Bruno Mars collaborator to assets

It's the latest big money music deal following Blackstone’s $1.6B Hipgnosis fund buy.

By Steve Randall
Social engagement platform for RIAs powers up with AI partnership
RIAS INDUSTRY NEWS AUG 26, 2024
Social engagement platform for RIAs powers up with AI partnership

Solution aims to streamline advisor workflow while remaining complaint.

By Steve Randall
Fed's Powell outlines two priorities as rate cuts near
RIAS INDUSTRY NEWS AUG 26, 2024
Fed's Powell outlines two priorities as rate cuts near

Strategy will be under review in the coming months.

By Bloomberg
Gold run has further to go as bulls celebrate
RIAS INDUSTRY NEWS AUG 26, 2024
Gold run has further to go as bulls celebrate

Lower US interest rates will provide new gains for bullion.

By Bloomberg
RBC Wealth Management adds $438M veteran from Merrill
RIAS INDUSTRY NEWS AUG 23, 2024
RBC Wealth Management adds $438M veteran from Merrill

The former wirehouse advisor brings 26 years of experience to the firm’s Boulder, Colorado branch.

By Leo Almazora
Sanctuary welcomes $400M breakaway group from Merrill
RIAS INDUSTRY NEWS AUG 23, 2024
Sanctuary welcomes $400M breakaway group from Merrill

Its network of entrepreneurial ex-wirehouse advisors continues to grow with the four-person team in North Carolina.

By Leo Almazora
'Time has come' for Fed rate cuts, says Powell
RIAS INDUSTRY NEWS AUG 23, 2024
'Time has come' for Fed rate cuts, says Powell

The Federal Reserve chair has solidified the central bank's plans to begin lowering borrowing costs as confidence on inflation grows.

By Bloomberg
529s, loans, credits ... financial strategies for back-to-school planning
RIAS INDUSTRY NEWS AUG 23, 2024
529s, loans, credits ... financial strategies for back-to-school planning

Advisors share planning ideas, and some lessons learned, to help ensure clients' kids are getting an education.

By Josh Welsh
Florida men plead guilty to $3M fraudulent tax return scheme
RIAS INDUSTRY NEWS AUG 23, 2024
Florida men plead guilty to $3M fraudulent tax return scheme

IRS was persuaded to pay out $1.5M in falsely claimed refunds.

By Steve Randall