Commonwealth loses more advisors to Raymond James' independent channel
As oil giant cuts 2,000 jobs overseas, advisor explains how the $3 billion firm helps oil-sector employees navigate severance, pensions, Exxon stock and NUA tax strategies.
Resident, who posed as a financial advisor, pleads guilty to a multi-million dollar fraud that targeted retirement accounts, robbing many of their life savings.
Cerulli research sees major acquisitions and mergers drive growth in the IBD channel, with advisors increasingly drawn to independence and scale.
Also, Raymond James transitions its asset management leadership, while US Bank names president of affluent wealth division.
The deal for the Bellevue, Washington-based multi-family office marks another step for Corient's hyper-growth strategy.
OpenArc Corporate Advisory successfully fended off a temporary restraining order in Georgia, with the court ruling favoring the RIA's move to independence.
Firms announce acquisitions to expand geographical reach, capabilities.
The latest quarterly surge puts the industry on pace to exceed 300 transactions in 2025, according to Devoe.
Elsewhere, a deal in Florida gives Ashton Thomas Private Wealth a new CIO, while Moneta expands its reach further into Colorado.
Osaic RIA Solutions leader, Dynasty Financial Partners co-founder takes new role.
Tell us what sets your organization apart – entries close on October 10.
Former PayPal CEO Bill Harris debuts tech-focused RIA Evergreen Wealth 25 years after working alongside Elon Musk. “Quite frankly, we almost came to blows some days, just because there was such intensity,” Harris said Tuesday. “What did I learn working at PayPal? It's actually more that I learned not to do. It was complete chaos."
The Torrance, California-based consolidator's newest strategic minority investment, marking a first for Ares, will help advance the RIA's talent acquisition, M&A strategy, and other priorities.
"Any advisor who might still be in some form of captivity or feeling trapped and looking to get liberated if you will, can look at this and say if they can do it, then I can do it," Shirl Penney told InvestmentNews amid the $129 billion OpenArc team's breakaway from Merrill Lynch and ensuing legal fight.
As private market products surge, experts say standardization and strong partnerships will be crucial to sustainable AI adoption for advisors.
At the core of the plan is an emphasis on expanding high-margin, fee-driven businesses.
COO says since its summer transition to Cambridge Associates, the hybrid RIA has welcomed several teams representing $634 million in combined client assets.
Raymond James also kept its Commonwealth recruitment streak going, while Americana Partners and Pallas Capital Advisors each hired a veteran specialist advisor to boost their offerings.
California-based $36 billion RIA EP Wealth Advisors has landed a $400 million term loan and $100 million credit facility as it readies for a fresh equity raise and continued M&A activity.
