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.
"RedBird's pedigree investing in sports and media has been thematically an important part of what we're building," Arax CEO Haig Ariyan told InvestmentNews.
The $30 billion RIA's chief compliance officer and legal counsel comes with more than two decades of experience, including RIA and broker-dealer oversight and specialized enforcement.
The RIA's addition in Dallas, previously with Raymond James, comes just as the take-private deal between Corient's parent firm in Canada and Mubadala Capital comes to completion.
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.
