The deal marks AssetMark’s eighth acquisition since 2014 as the $158 billion firm continues to build scale in the RIA channel.
The former advisor's conviction follows a multi-year scheme built on fraudulent financial statements, ending in the collapse of investment partnership.
Auditability, plan sponsor policies, and state-level regulatory guidance could also create compliance risks for advisors looking to manage held-away client assets.
A $50 million lawsuit from Primerica puts the hybrid RIA giant's latest advisor addition under the spotlight, with both firms disputing the facts.
New data show a 300-deal year comfortably in the cards as private equity, mid-size sellers, and sub-acquisitions emerge as key drivers.
CEO says the firm's national footprint is taking shape with a pipeline of mid-sized RIA acquisitions fueled by Joe Duran's Rise Growth Partners.
The latest moves include two father-son duos and another advisor parting ways with Commonwealth.
Meanwhile, a Minnesota-based team parts ways with Commonwealth after 31 years, and Wells Fargo snags a three-advisor team managing more than $722 million from Merrill.
The six models, offered in partnership with Envestnet, are designed to help advisors manage affluent and institutional client relationships.
Firm emphasizes finding the right cultural and fiduciary fit to fuel its ultra-high-net-worth growth strategy.
Marla Sofer, whose leadership experience includes roles at BlackRock and JPMorgan, explains how gamification and AI can help elevate client engagement and understanding for advisors.
Technology poses some of the biggest risks for advisory firms, new report reveals.
Dynasty Financial Partners CEO Shirl Penney says investment in stock plan platform will be "of enormous value to the evolution of the independent RIA space."
As Robinhood's digital advisor passes $1 billion AUM, CIO Steph Guild tells InvestmentNews of her long-term goal to offer its portfolios to the TradePMR platform.
Firm taps seasoned team from Osaic, boosting institutional capabilities for plan sponsors.
RIA's latest acquisition boosts Southeast expansion and advisor capabilities.
Osaic also attracted an experienced Fidelity advisor to an OSJ in New York, while Raymond James reeled in breakaways from Wells Fargo, UBS, and Northwestern Mutual.
Robinhood, Morningstar, Coinbase, and Chime were among the financial service providers impacted by this week's outage at Amazon Web Services.
CEO Jason Wenk says Altruist's 15% staff reduction wasn't cost-driven but a strategic move to prioritize resources as the RIA custodian battles giants Schwab and Fidelity for market share.
The longer the Washington shutdown extends, the higher the anxiety rises of financial advisors waiting to go independent.
