Private bankers from Wells Fargo, BofA form RIA
Startup Fidelis Capital has offices in Tampa and Dallas; the bankers advised on almost $6 billion in AUM at their former firms.
10 largest fee-only RIAs in 2022
As more advisory firms go fee-only and as RIAs grow, InvestmentNews Research has come up with a list of the biggest fee-only firms.
Investors see 60/40 mix enduring despite recent turmoil, survey shows
The tactic has taken a beating this year as bonds were hit by the steepest slump in decades, compounding the stock market's losses instead of buffering against them.
Blackstone’s tax-free hedge fund pitch draws scrutiny
Senate Finance Committee Ron Wyden has requested information about private placement life insurance, which can be used to shelter hedge funds and other products from taxes.
10 fastest-growing fee-only RIAs
As M&A fuels growth among registered investment advisers, here’s a ranking of the fee-only firms that are growing the quickest.
Advisers prepare clients for audits as stronger IRS enforcement looms
The Inflation Reduction Act will boost the agency's funding by $80 billion over 10 years to strengthen its enforcement and compliance efforts.
CFP Board hits three advisers with suspension
One adviser faces charges of dealing in child pornography, according to the Certified Financial Planner Board of Standards Inc.
Minnesota RIA merges into Credent Wealth Management
Personal Wealth Partners managed $631 million from two offices. The new locations in Minnesota and Wisconsin brings the total number of Credent Wealth Management offices to six.
OneAmerica, ProNvest create portal linking plan, outside assets
The feature is designed to help plan participants and retirement plan advisers see the full wealth picture.
Climate bill would fuel sustainable investing
The Inflation Reduction Act provides certainty for sustainable investors, but compromises mean fossil fuel expansion.
JPMorgan strategist sees stocks bouncing back to record highs within next three years
JPMorgan Asset Management’s David Kelly says rebound is 'eminently doable' as the economy cools further.
Pair of adviser fintech startups pull in funding despite a decline in tech investing
Both Modern Life and Farther closed $15 million funding rounds, suggesting technology for advisers is still seen as an attractive opportunity.
Wealthy clients mostly avoid new taxes as spending bill nears finish line
Legislation that last year contained a litany of taxes on high earners has been whittled down to a bill with a few corporate tax provisions.
CI Financial sees slowdown in M&A as it eyes US IPO
The Canadian firm expects to file the registration for an initial public offering of a portion of its US wealth management business during the fourth quarter.
Captrust adds $600 million RIA in South Carolina
Reynolds Investment Management’s eight-person team will work under Captrust’s brand.
Retirement group rolls out new campaign for 401(k) Day
The Plan Sponsor Council of America is launching a new campaign promoting retirement readiness just in time for National 401(k) Day in September.
Beware of ‘finfluencers,’ NASAA warns
The organization of state regulators cautions about taking advice from social media financial influencers because of possible conflicts.
Matthew Boersen elected chair-elect of CFP Board
The Grand Rapids, Michigan, planner will serve a one-year term and become chair of the board in 2024.
Snowden Lane adds adviser, creates $360 million adviser team
Al Jacobi and Tom Hakala form The Jacobi-Hakala Group after working together for over 20 years.
Mather Group acquires $478 million Bay-area RIA
HC Financial Advisors, which was founded in 1986, is based in Lafayette, California.
