Stratos Wealth Partners, a Beachwood, Ohio-based registered investment adviser overseeing $18.61 billion, has increased its minority equity stake in San Diego-based BWM Financial, which advises on $1.5 billion.
“After making a strategic investment in BWM Financial two years ago, Stratos is excited to take our exclusive partnership with this exceptional firm to the next level, bringing our stake to 33 percent,” Lou Camacho, COO of Stratos Wealth Holdings, the RIA firm’s corporate parent, said in a statement.
BWM was founded by Jeff Brown in 1996. In 2021, BWM acquired Stratos-affiliated Truuwater Financial, which is also based in San Diego.
A private partnership, Edward Jones is a giant in the retail brokerage industry with more than 20,000 financial advisors.
Meanwhile, Raymond James and Tritonpoint Partners separately welcomed father-son teams, including a breakaway from UBS in Missouri.
Paul Atkins has asked staff to solicit public comment on novel ETFs, pausing the clock on as many as 24 filings linked to the booming event contracts market.
From 401(k)s to retail funds, Deloitte sees private equity and credit crossing into mainstream investing on two fronts at once.
Big-name defections from Morgan Stanley, UBS, and Merrill Lynch headline a busy two weeks of recruiting for the wirehouse.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
