Firms announce moves to bolster their respective operations.
Cetera's policy advocacy leader explains how gig worker protection proposal might hurt independent financial advisors, and why it's "a complete outlier" in the current legal landscape.
Meanwhile, Osaic secures a new credit union partnership, and Compound Planning crosses another billion-dollar milestone.
Steward Partners adds a $481 million Ohio-based team, while $35.7 billion &Partners expands its reach in Minnesota.
Not too long ago, wealth managers would spend much of their summers entertaining clients outside the office. COVID and Zoom changed all that.
Touchstone Investments president Ben Alge outlines the three metrics the ETF seller prioritizes before AUM when directing its sales approach to RIAs, as the firm prioritizes the top-30 aggregators.
EP Wealth Advisors onboards a former Kestra leader as new chief product and tech officer, while IAA welcomes and LPL alum to lead growth from the top.
The $45 billion RIA firm has launched a program to support high-net-worth advisors, led by a 25-year veteran expert in UHNW and multigenerational planning.
"[Constellation] was able to help negotiate a credit line with much greater terms than we've had previously. That will give us the ability to continue to grow over the next several years," Tyler Vernon of Merit Financial Advisors told IN.
There's been lots of talk from retiring advisors about succession challenges. Well, the next generation of advisors has a few things to say as well.
The firm is expecting a significant period of growth which will include M&A.
Meanwhile, Stephens lures a JPMorgan advisor in Louisiana, while Wells Fargo adds two wirehouse veterans from RBC.
Also, Maridea welcomes former founders of Motley Fool Wealth Management, while Lido locks in a strategic investment from private credit firm HPS.
Former LA-based advisor James Arthur McDonald Jr. is facing federal prison time for defrauding investors out millions of dollars in a Ponzi-like scheme after a failed anti-America bet.
"We're not bloated, we're not slow, and we can buy these stocks within days, rather than within quarters," former Dimensional Fund Advisor PM Matt Zenz, who now is the CIO of the $1.1 billion RIA Hill Investment Group, told InvestmentNews.
Fiduciary Family Office founder and CEO Kathleen Grace argues mounting growth pressures from PE investors pose risks to advisors' autonomy and client service.
American Century and Mariner Wealth have moved to settle pay disputes with $25.5 million fund.
Meanwhile, Merchant is continuing to expand its support for RIAs by partnering with a South Dakota-chartered trust company.
"I think the next durable theme for investors is going to be security: energy security, technology security, defense," Jamie Cox, managing partner at Harris Financial Group, said.
Meanwhile, $34 billion independent First Manhattan welcomed New Jersey-based Roanoke Asset Management, an RIA firm with more than 40 years of history.
