Focus Financial says its latest CEO change was part of a succession plan, but the $520 billion RIA's transition gives the market only about seven weeks of public notice.
New estate and retirement income tools widen the planning playbook for Cetera’s 12,000 advisors, with an eye on tax, financial security, and multi-generational relationships.
The $520 billion mega-RIA is handing the reins to Adam Birenbaum, with Michael Nathanson stepping into a board chair role for the firm's next growth phase.
Also, health-focused RIA Earned Wealth Advisors has added $1 billion in AUM, while a 25-year veteran Stifel advisor hops to Indivisible Partners.
Bluespring's acquisition-led strategy brought in more than $6 billion, while Concurrent’s minority-stake model helped drive a 50% jump in assets.
Firms boost respective employee, independent wealth management teams
Cerity’s $10 million stake gives its advisors a front-row role in NPM-run liquidity programs, with planning support tied to employee tender proceeds.
Mercer also expanded in Portland with Thompson Advisory’s $260 million book, while Waverly picks up a $257 million Pennsylvania shop.
Regulator says Nathan Gauvin fabricated credentials and doctored statements for 40+ investors
Firm already manages over $5 billion for clients living beyond the U.S., and CEO Peter Mallouk says demand in the UK, Switzerland, and EU could lead to multiple European offices.
A New York filing claims Blue Owl downplayed BDC redemptions, liquidity and a merger’s risks
Two asset managers allege Disney misled Wall Street on Disney+ metrics
IFP, Prudential, Avantax pick up established advisors from rival firms
Citing a 10% organic growth rate, executives Rick Kent and Kay Lynn Mayhue say Merit is now positioned to chase a “transformational” M&A deal.
The freshly announced roles across finance, people, marketing and legal aim to support a larger, more complex organization serving clients in three countries.
Five years since its inception, the fast-growing RIA platform with $80 billion in assets is bringing in James Jesse to steer its next phase of expansion.
The mega-RIA and serial consolidator now has more than $131 billion in assets as it adds a veteran-led practice in the Midwest.
New research shows serial acquirers gaining massive ground while non-dealmakers fall behind.
Advisors racing to add on new platforms may find their legacy plumbing can't support the next wave, warns one expert.
Adviser’s driver posed as a money manager and left three investors with steep losses, SEC says
