Schwab executives say it will help RIAs target their ideal clientele, but competing custodians like Altruist argue the move ultimately 'helps Schwab in its long-term effort to displace independent advisors.'
Acquired firm will be folded into World branch Boston Harbor Wealth Advisors.
Also, Carson adds an experience advisor from Northwestern Mutual, while Raymond James continues to bolster its independent and employee advisor units.
Schwab’s chief investment strategist urged advisors to pair optimism with discipline, warning that speculation, data gaps, and overreliance on megacaps could test investors’ resolve in a K-shaped economy.
Bruton brings more than three decades of experience, including roles at Schwab, TD Ameritrade, and LPL, as the $10 billion RIA continues its national expansion.
Wealth Enhancement is also building on its recent 100-partner milestone, while RFG Advisory adds a $340 million Arizona RIA to its platform.
The RIA custody and brokerage giant's announcement highlights a growing push among major brokerages to bring private market investments to retail and RIA clients.
Speaking to InvestmentNews at IMPACT 2025, Schwab’s Kathy Jones says the Fed has never been subject to such overt political pressure but that fixed income is doing what it is supposed to do.
Rick Wurster takes aim at financial services apps during Schwab IMPACT address.
The AI-powered deal consultancy's new Buyer Portal promises to put transparency and compatibility ahead of costly bidding wars.
During an opening roundtable discussion at Schwab IMPACT 2025, Kathy Jones, Liz Ann Sonders, and Michael Townsend discussed the state of the economy and what happens next with the Fed.
The self-described growth accelerator announced its newest hires, with experience from UBS and United Capital, as it continues to expand support for RIA partners.
Bluespring also secured its eighth acquisition for 2025, a $1.4 billion Kestra affiliate firm, while $609B behemoth Mariner extended its footprint.
Public markets penalized Focus Financial’s leveraged M&A and pressed for clearer organic-growth metrics, CEO Michael Nathanson told InvestmentNews at Schwab Impact 2025.
Financial advisors face increasing pressure to deliver differentiated results. Once misunderstood, quantitative investing is now widely accepted as a powerful tool for investors seeking portfolio diversification and alpha generation.
Independent RIA survey finds market bullishness has climbed 65%, though concerns around a correction, shifting US policies, and recession risk are still lingering.
With industry growth accelerating, Schwab is extending its fee-based support program to a broader range of independent advisory firms.
The top-level changes come in the wake of the Aon-owned firm's divestment of Wealthspire and other affiliated wealth businesses to PE firm Madison Dearborn Partners.
Counting another deal in Massachusetts, the $26 billion RIA has just added more than $5 billion in assets, matching its full-2024 total.
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