Creative Planning, an Overland Park, Kansas-based registered investment adviser managing $48 billion, has acquired Starfire Investment Advisers, a Southfield, Michigan, RIA managing $530 million.
Starfire was founded 29 years ago.
The deal is Creative Planning's eighth acquisition this year, and follows last Tuesday's announcement that it had acquired another firm located in Kansas, $700 million Sunrise Advisors.
The AI numbers came in far below the pitch - and the stock paid for it.
A rewritten governance law gets its first court test, and one pay claim lives on.
The fee-only integrator is adding $311.6 million in assets and specialized planning expertise to its presence in the Sunshine State.
CEO Vlad Tenev calls the proactive restructuring a bid to build a leaner team, coming as the brokerage rolled out its RIA referral program earlier this month.
The titanic asset manager's latest "How America Saves" shows wins in 401(k) plan design, employee participation, and savings rates, with dark spots in hardship withdrawals and company stock.
As $84 trillion prepares to change hands, advisors who treat estate planning as peripheral are quietly building a sieve, not a book.
In volatile markets, the advisors who win aren't the ones with the best calls - they're the ones whose clients stay the course.
