Schwab's RIA Compensation Report shows firms that offer performance-based compensation generate 24% higher revenue and serve 43% more clients over five years compared to firms without performance-based staff incentives.
New data reveals stark state and role-based pay gaps, with New York setting the national benchmark.
PE–backed platforms, serial acquirers, and a deeper buyer bench drove record a record 466 wealth management merger deals last year, according to the M&A consultancy firm's latest tally.
Meanwhile, Composition Wealth adds a Hightower leader to its C-suite, and a veteran executive from Osaic comes to bolster Lenox Advisors' planning capabilities.
The deal adds Verus’s $1.2 trillion institutional advisory footprint into Cerity, an RIA that manages roughly $150 billion in existing assets including $8.5 billion tied to its family office division.
Wealth managers widen services from lifestyle perks for the ultra-rich to integrated solutions for mass affluent.
Also, Mercer Advisors taps an LPL alum to lead the evolution of its investment platform, while Mission Wealth extends its footprint in Colorado.
Spotlight the achievements of the industry’s top-performing female advisors.
The latest move at Carson Wealth formalizes a long-running partnership with Brent Pine’s Arizona team and locks in a next-gen path for clients and advisors.
Osaic has also gained ground in St. Louis with a veteran pair from Stifel, while the Hightower-aligned Bahnsen Group gets a foothold in Silicon Valley.
Acquisition expands Bluespring’s footprint as consolidation among growth-minded RIAs continues.
Strategic buyers and internal sales drive deal values to record heights as the industry matures.
Ashton Thomas has also expanded its ranks with an experienced duo from Raymond James, while a Commonwealth advisor ends his two decade-plus affiliation by joining Cetera.
Michael Kitces raised potential conflict-of-interest concerns regarding the CFP Board’s internal CE programming and fees charged to CE providers, accusing the nonprofit of “going into direct competition with the CE providers it regulates.”
Keeton steps into CIO role at Prospera as IAA elevates leaders to advance advisor experience and platform strategy
SGH Wealth Management’s organic strategy blends social media marketing, early career recruiting and a fully W-2 workforce as the firm eyes $1 billion in assets over the next few years.
Centers of Influence, such as CPAs and lawyers, are proving an effective way to acquire new clients, according to Cerulli Associates.
We’ve been through these “ups and downs” before, says Eric Taylor, president of wealth management firm Tompkins Financial Advisors.
The minority capital raise – also featuring Schwab, BlackRock, JPMorgan, and other existing investors – will fuel AI tech, talent development, and other growth efforts for the RIA platform.
As Patriots quarterback Drake Maye heads to Super Bowl LX, Betterment is ramping up advertising tied to its brand ambassador to draw attention to its robo-advisor and RIA custodian platform.
