Advisor News

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Five-person Raymond James team jumps to Janney in Maryland
INDEPENDENT BROKER DEALERS JUL 07, 2025
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

By Leo Almazora
$20B Merit looks to next phase as Constellation takes minority stake
RIA NEWS JUL 07, 2025
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

By Leo Almazora
$350M father-son duo hops from Osaic to Equitable Advisors
INDEPENDENT BROKER DEALERS JUL 07, 2025
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

By Leo Almazora
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
ALTERNATIVES JUL 07, 2025
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

By Leo Almazora
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
REGULATION AND LEGISLATION JUL 07, 2025
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

By Leo Almazora
If the average American was in charge, would they have voted for the 'big beautiful' bill?
REGULATION AND LEGISLATION JUL 07, 2025
If the average American was in charge, would they have voted for the 'big beautiful' bill?

Survey suggests those from across the political spectrum might have other ideas.

By Steve Randall
Apella Wealth comes to Washington with Independence Wealth Advisors
RIA NEWS JUL 03, 2025
Apella Wealth comes to Washington with Independence Wealth Advisors

The Harford, Connecticut-based RIA is expanding into a new market in the mid-Atlantic region while crossing another billion-dollar milestone.

By Leo Almazora
Citi's Sieg sees rich clients pivoting from US to UK
PRACTICE MANAGEMENT JUL 03, 2025
Citi's Sieg sees rich clients pivoting from US to UK

The Wall Street giant's global wealth head says affluent clients are shifting away from America amid growing fallout from President Donald Trump's hardline politics.

By Bloomberg
US employment report reactions: Overall better than expected, but concerns with underlying data
EQUITIES JUL 03, 2025
US employment report reactions: Overall better than expected, but concerns with underlying data

Chief economists, advisors, and chief investment officers share their reactions to the June US employment report.

By Andy Burt
Creative Planning's Peter Mallouk slams 'offensive' congressional stock trading
EQUITIES JUL 03, 2025
Creative Planning's Peter Mallouk slams 'offensive' congressional stock trading

"This shouldn’t be hard to ban, but neither party will do it. So offensive to the people they serve," RIA titan Peter Mallouk said in a post that referenced Nancy Pelosi's reported stock gains.

By Andrew Cohen
Trump tax bill debate sees critical hurdle cleared
REGULATION AND LEGISLATION JUL 03, 2025
Trump tax bill debate sees critical hurdle cleared

House debated late into the night ahead of final vote.

By Bloomberg
Corporate pension surpluses continue to grow, second quarter stats reveal
RETIREMENT PLANNING JUL 02, 2025
Corporate pension surpluses continue to grow, second quarter stats reveal

Three separate reports support positive outlook for plans.

By Steve Randall
Raymond James hauls Ameriprise advisors managing $1.1B in New York
INDEPENDENT BROKER DEALERS JUL 02, 2025
Raymond James hauls Ameriprise advisors managing $1.1B in New York

Elsewhere, Sanctuary Wealth recently attracted a $225 million team from Edward Jones in Colorado.

By Leo Almazora
Cetera debuts new alts allocation portfolios for accredited investors
ALTERNATIVES JUL 02, 2025
Cetera debuts new alts allocation portfolios for accredited investors

The giant hybrid RIA is elevating its appeal to advisors with a curated suite of alternative investment models, offering exposure to private equity, private credit, and real estate.

By Leo Almazora
Steward Partners expands in California with $1.1 billion RIA acquisition
RIA NEWS JUL 02, 2025
Steward Partners expands in California with $1.1 billion RIA acquisition

The $40 billion RIA firm's latest West Coast deal brings a veteran with over 25 years of experience to its legacy division for succession-focused advisors.

By Leo Almazora
Invictus managers withhold $10M, trigger ERISA asset showdown
LIFE INSURANCE AND ANNUITIES JUL 02, 2025
Invictus managers withhold $10M, trigger ERISA asset showdown

Invictus fund managers allegedly kept $10 million in plan assets after removal, setting off a legal fight that raises red flags for wealth firms.

By Matthew Sellers
Maliah elevated to investment banking chair at Goldman
WIREHOUSES JUL 02, 2025
Maliah elevated to investment banking chair at Goldman

Executive holds regional roles in Asia but will add global responsibilities.

By Bloomberg
In an AI world, investors still look for the human touch
OPINION JUL 01, 2025
In an AI world, investors still look for the human touch

AI is no replacement for trusted financial advisors, but it can meaningfully enhance their capabilities as well as the systems they rely on.

By Stuart Feld
This viral motivational speaker can also be your Prudential financial advisor
INDEPENDENT BROKER DEALERS JUL 01, 2025
This viral motivational speaker can also be your Prudential financial advisor

Prudential's Jordan Toma is no "Finfluencer," but he is a registered financial advisor with four million social media followers and a message of overcoming personal struggles that's reached kids in 150 school across the US.

By Andrew Cohen
Fintech bytes: GReminders and Advisor CRM announce AI-related updates
FINTECH JUL 01, 2025
Fintech bytes: GReminders and Advisor CRM announce AI-related updates

GReminders is deepening its integration partnership with a national wealth firm, while Advisor CRM touts a free new meeting tool for RIAs.

By Leo Almazora