RIA News

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'Not every RIA needs to sell to a big aggregator'
FINTECH JUN 23, 2025
'Not every RIA needs to sell to a big aggregator'

Altruist founder and CEO Jason Wenk shares insights on the custodial platform's refresh, how it's striking a chord among entrepreneurial advisors, and what's ahead after its latest $152 million funding round.

By Leo Almazora
Hybrid RIA &Partners caps equity at 40 million shares in bid to reach $120 billion
RIA NEWS JUN 23, 2025
Hybrid RIA &Partners caps equity at 40 million shares in bid to reach $120 billion

“When we complete our five-year plan and we've recruited the advisors we run to recruit, advisors will be the single largest group of shareholders within our firm,” &Partners founding partner Kristi Mitchem told InvestmentNews.

By Andrew Cohen
RIA moves: Carson Group gains strength in Utah, Apollon debuts in Ohio
RIA NEWS JUN 23, 2025
RIA moves: Carson Group gains strength in Utah, Apollon debuts in Ohio

Carson's latest addition in Salt Lake City continues its strategy of buying out successful and growing Carson Wealth locations.

By Leo Almazora
Winners recall 2024 InvestmentNews Awards: 'I think it was a complete home run'
RIA NEWS JUN 22, 2025
Winners recall 2024 InvestmentNews Awards: 'I think it was a complete home run'

Standout RIAs celebrated wins and sparked connections at last year’s InvestmentNews Awards as we look forward to tonight's festivities.

By Andrew Cohen
Elevation Point backs $2.5B UBS breakaways' new RIA
RIA NEWS JUN 20, 2025
Elevation Point backs $2.5B UBS breakaways' new RIA

Jim Dickson's growth accelerator platform pushes further into the family office space as a trio of UBS advisors make their getaway to independence in Louisiana.

By Leo Almazora
RIA wrap: Dakota Wealth elevates senior leaders, CapWealth taps tax planning ace
RIA NEWS JUN 20, 2025
RIA wrap: Dakota Wealth elevates senior leaders, CapWealth taps tax planning ace

Also, another independent RIA has opened its doors under the leadership of a former chairman, president, and CEO of a storied institution in Oklahoma.

By Leo Almazora
Merchant-backed Concurrent debuts minority investing program for smaller RIAs
RIA NEWS JUN 19, 2025
Merchant-backed Concurrent debuts minority investing program for smaller RIAs

The $12 billion hybrid RIA Concurrent Investment Advisors will target RIAs between $200M-$500M in assets.

By Andrew Cohen
BNY Pershing selective in rolling out new fees to RIA clients
RIA NEWS JUN 18, 2025
BNY Pershing selective in rolling out new fees to RIA clients

The giant clearing and custody firm doesn't want to ruffle any feathers of select clients, one executive said.

By Bruce Kelly
Ex-LPL leader re-emerges at The Wealth Consulting Group
INDEPENDENT BROKER DEALERS JUN 18, 2025
Ex-LPL leader re-emerges at The Wealth Consulting Group

The Las Vegas-based hybrid RIA overseeing $8.8 billion in assets has named Andy Kalbaugh president to help scale its advisor platform.

By Leo Almazora
NerdWallet expands wealth services with $178M RIA acquisition
RIA NEWS JUN 17, 2025
NerdWallet expands wealth services with $178M RIA acquisition

The acquisition of New York-based RIA Future You Wealth forms the foundation of NerdWallet Wealth Partners, a fee-only RIA targeting mass affluent investors with a maximum fee of 0.9%.

By Andrew Cohen
RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor
RIA NEWS JUN 17, 2025
RIA moves: Thiel's Indivisible welcomes Ride Wealth Partners, $4B Beacon snaps up Astor

Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.

By Leo Almazora
Senate tax bill stalls as hardliners balk at changes
RETIREMENT PLANNING JUN 17, 2025
Senate tax bill stalls as hardliners balk at changes

The new legislative proposal, which includes more aggressive cuts to Medicaid and a lower SALT cap, threatens a goal of passing President Trump's tax-cut legislation by July 4.

By Bloomberg
Mariner adds Rob Sandrew, Verne Marble to independent platform leadership team
RIA NEWS JUN 17, 2025
Mariner adds Rob Sandrew, Verne Marble to independent platform leadership team

Bringing experience from Integrated Partners, LPL, and Edelman Financial Engines, the mega-RIA's newest leaders are set to build on the growth story playing out in its 1099 channel.

By Leo Almazora
Osaic snaps up $13.5B CW Advisors
RIA NEWS JUN 17, 2025
Osaic snaps up $13.5B CW Advisors

The deal for the Audax-backed RIA based in Boston gives Osaic a strategic foothold to attract more advisors and clients across the wealth spectrum.

By Leo Almazora
Carson Group's M&A head sees '10-to-15 year bull market' for RIAs
RIA NEWS JUN 16, 2025
Carson Group's M&A head sees '10-to-15 year bull market' for RIAs

"I'm just a big believer that based on demographics alone, we are looking at a 10-to-15 year bull market in M&A in the RIA and independent wealth space," said Michael Belluomini, SVP of M&A at Carson Group.

By Andrew Cohen
Why have some light alternatives users run for the exits?
ALTERNATIVES JUN 16, 2025
Why have some light alternatives users run for the exits?

A new survey of independent and national advisors unearths top concerns, diverging paths for real estate and private market investments, and how advisor experience matters in the push for alternatives adoption.

By Leo Almazora
Advisor moves: RBC reels in $1.1B UBS megateam as UBS deepens Texas presence
INDEPENDENT BROKER DEALERS JUN 16, 2025
Advisor moves: RBC reels in $1.1B UBS megateam as UBS deepens Texas presence

Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.

By Leo Almazora
Maryland bars advisor over charging excessive fees to clients
REGULATION AND LEGISLATION JUN 13, 2025
Maryland bars advisor over charging excessive fees to clients

Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.

By Bruce Kelly
RIA Jackson Square Capital sponsors golfer Riley Lewis at US Open
RIA NEWS JUN 12, 2025
RIA Jackson Square Capital sponsors golfer Riley Lewis at US Open

The San Francisco-based RIA has its logo on the shirt sleeve of 23-year-old Riley Lewis as he makes his major championship debut, and plans to further leverage the golfer's cachet among clients and prospects.

By Andrew Cohen
Sanctuary, VestGen make strides in next-gen recruitment
RIA NEWS JUN 12, 2025
Sanctuary, VestGen make strides in next-gen recruitment

A Merrill Lynch breakaway joins one of Sanctuary Wealth's East Coast partners as VestGen adds two promising young talents to its own advisor bench.

By Leo Almazora