Elsewhere, Osaic extended its reach in Knoxville with a former TrustFirst team, while Raymond James scored another win in the war for Commonwealth advisors.
Meanwhile, EP Wealth extended its Southwestern presence with a $370 million women-led firm in Santa Fe, New Mexico.
Google still dominates search, but advisors are shifting to “generative engine optimization” to stay visible on AI search platforms such as ChatGPT.
Third-generation firm leader and managing director at Schechter Investment Advisors shares growth outlook for the RIA space, how he knew it was time to sell, and how his $4 billion RIA benefited from alts leadership.
Private equity exit values and volume are up sharply, but investments in RIAs are taking a different path: “Many PE firms are now structuring proposals that allow RIAs to roll equity into their next fund,” Hue Partners' Emily Blue told InvestmentNews.
Those jumping ship include women advisors and breakaways.
Firms in New York and Arizona are the latest additions to the mega-RIA.
RIA firms announce deals to expand their growing footprints.
Firms announce new recruits including wirehouse breakaways.
Previously managing $850 million at Steward Partners, Dynasty's newest affiliate team in Texas has set up their own high-net-worth practice with a focus on retirement.
"QuantumRisk, by design, recognizes that these so-called "impossible" events actually happen, and it accounts for them in a way that advisors can see and plan for," Dr. Ron Piccinini told InvestmentNews.
The race to 100 transactions ended a month early this year, with April standing out as the most active month on record for RIA dealmaking.
Also, Merit has added an $860 million RIA to bolster its Texas presence while Concurrent's asset management arm partners with a boutique investment shop.
Wells Fargo, Commonwealth, UBS are the firms losing advisor teams.
Decision deepens the two firms' decade-long relationship.
Schwab has expanded its Registered Investment Advisor Talent Advantage Student Scholarship with more winners and more scholarship funding as it projects an industry-wide RIA talent crunch to fill 70,000 jobs.
From tax-free municipal bonds to the prospect of relocating to Florida, advisors say Zohran Mamdani’s proposed millionaire tax has sparked a wave of client conversations ahead of November's New York City mayoral election.
The historic summer sitting saw a roughly two-thirds pass rate, with most CFP hopefuls falling in the under-40 age group.
New York-based Douglass Winthrop has also tapped a veteran leader from Northern Trust.
Elsewhere, an advisor formerly with a Commonwealth affiliate firm is launching her own independent practice with an Osaic OSJ.
