Robertson Stephens Wealth Management, a San Francisco-based firm now managing $4 billion, has acquired LFS Wealth Advisors, a San Ramon, California-based registered investment adviser managing $210 million, and Vodia Capital, a Boston-based RIA managing over $160 million. Terms of the acquisitions were not disclosed.
LFS founder John Lau will be joined in the move to Robertson Stephens by colleagues Helen Lau, Matthew Lau, Diana Cason, Michael Stephens, Jennifer Spence, Carmen Liu and Jialin Liu. LFS uses a holistic approach that includes financial and risk management solutions as well as income tax planning and estate conservation strategies.
Vodia founder and managing principal David Matias and principal Avi Deutsch will be joined in their move by colleagues Brandon Frye, Chuning Wang, Janet Shetty and Mammad Aliyev. Vodia provides clients portfolio design, impact-oriented strategies and proprietary research.
FINRA's proposed rule filing would create a new 10-day fraud delay and nearly triple the maximum hold period for exploited senior investors
Fueled by a recent shot in the arm from private equity firm Carlyle, MAI adds a $490 million Atlanta RIA as it keeps building out its national footprint.
“Todd Burkhalter organized what is likely the largest Ponzi scheme in Georgia history,” said one FBI official.
With experience from Goldman Sachs and TD Ameritrade, the RIA's newest SVP hire adds to a recent wave of executive departures from hybrid Osaic.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
