RIA News

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Venture capital firm aims to manage fortunes of tech founders
RIA NEWS AUG 03, 2022
Venture capital firm aims to manage fortunes of tech founders

Andreessen Horowitz, nicknamed a16z, hired Michel Del Buono from Jordan Park as chief investment officer.

By Bloomberg
M&A deal structures have changed dramatically amid the bear market
OPINION AUG 02, 2022
M&A deal structures have changed dramatically amid the bear market

Dozens of transactions are still being completed every month despite the markets' slide, but they're being structured differently.

By Scott Hanson
Wells Fargo resumes using its diverse candidate guidelines
PRACTICE MANAGEMENT AUG 02, 2022
Wells Fargo resumes using its diverse candidate guidelines

The banking giant completes 6-week review of procedures after ‘fake interviews’ fracas.

By InvestmentNews
iCapital expands menu of alternative investments with Simon acquisition
ALTERNATIVES AUG 02, 2022
iCapital expands menu of alternative investments with Simon acquisition

The addition of Simon brings the total number of asset managers and product manufacturers on the iCapital platform to nearly 300, according to the company.

By Ryan W. Neal
Mariner moves into community bank asset management with $8.6 billion deal
RIA NEWS AUG 02, 2022
Mariner moves into community bank asset management with $8.6 billion deal

The acquisition of Michigan-based Heber Fuger Wendin gives Mariner Wealth Advisors access to a new corner of the financial services industry.

By Jeff Benjamin
TD buying Cowen for $1.3 billion, adding to its presence in US
RIA NEWS AUG 02, 2022
TD buying Cowen for $1.3 billion, adding to its presence in US

The deal addresses the Canadian bank's relative weakness in the capital markets business compared to its larger competitors in Canada and deepens TD's reach into the US.

By Bloomberg
J.P. Morgan hires trio of private bankers in Chicago
PRACTICE MANAGEMENT AUG 02, 2022
J.P. Morgan hires trio of private bankers in Chicago

The team is joining from Citigroup, where its members had managed more than $2 billion in client assets.

By Bruce Kelly
Citigroup plans to hire 500 people for new wealth unit
PRACTICE MANAGEMENT AUG 02, 2022
Citigroup plans to hire 500 people for new wealth unit

The division caters to junior employees at private equity offices, consultancies and accounting firms, betting those clients will someday join the ranks of the ultra-wealthy.

By Bloomberg
Sensing a market bottom, wealthy investors are moving back into stocks
EQUITIES AUG 02, 2022
Sensing a market bottom, wealthy investors are moving back into stocks

A July survey of Tiger 21 members shows a renewed appetite for stocks that's being compared to the buying that occurred at the market bottom in 2009.

By Jeff Benjamin
JPMorgan strategist stands out with call for stocks rebound
RIA NEWS AUG 02, 2022
JPMorgan strategist stands out with call for stocks rebound

JPMorgan's Marko Kolanovic expects a rebound in stocks on attractive valuations and as the peak in investor bearishness has likely passed.

By Bloomberg
Policymakers should tailor regulations for small businesses
OPINION AUG 02, 2022
Policymakers should tailor regulations for small businesses

The SEC's proposed cybersecurity rule is an example of a one-size-fits-all regulation that would significantly affect smaller firms.

By Karen Barr
Fidelity adds five sustainable funds to 529 plans
MUTUAL FUNDS AUG 02, 2022
Fidelity adds five sustainable funds to 529 plans

The portfolios were added to programs for Connecticut, New Hampshire and Massachusetts.

By InvestmentNews
Impact funds getting more attention as investors seek to address climate change, racial equity
MUTUAL FUNDS AUG 02, 2022
Impact funds getting more attention as investors seek to address climate change, racial equity

A survey published by Calvert Impact Capital found that 94% of advisers said they would like to see more impact products on the market.

By ESG Clarity
Courting clients with cigars and whiskey
PRACTICE MANAGEMENT AUG 01, 2022
Courting clients with cigars and whiskey

Rather than free chicken dinners, Ameriprise's Eric Reinhold prefers the slow burn of bonding with clients over a fine cigar and top-shelf spirits.

By Jeff Benjamin
Pessimism permeating ranks of plan sponsors, says retirement study
RETIREMENT PLANNING AUG 01, 2022
Pessimism permeating ranks of plan sponsors, says retirement study

Nearly 4 in 10 plan sponsors expect conditions in domestic markets to worsen, up from 20% in 2021.

By Gregg Greenberg
Alera Group notches third acquisition in as many months
RETIREMENT PLANNING AUG 01, 2022
Alera Group notches third acquisition in as many months

The purchase of Johnson Brunetti, a retirement and investment specialist with $1.5 billion in assets, keeps private equity-backed Alera on track for its goal of hitting $10 billion in assets within a year.

By Jeff Benjamin
Obsession with income sweeps across asset classes
MUTUAL FUNDS AUG 01, 2022
Obsession with income sweeps across asset classes

Three dividend-focused ETFs rank among the top 10 in terms of equity inflows, and on the fixed-income side, Treasuries have seen a fierce rally.

By Bloomberg
Top 10 fee-only RIAs by average account size
RIA NEWS AUG 01, 2022
Top 10 fee-only RIAs by average account size

The biggest registered investment advisory firms have mountains of assets under management, but how big are the individual client accounts at those firms?

By InvestmentNews
Buffalo Bills owner backs startup targeting independent advisory firms
PRACTICE MANAGEMENT AUG 01, 2022
Buffalo Bills owner backs startup targeting independent advisory firms

Atlanta-based Bison Wealth provides back-office support for advisory firms in exchange for a share of their revenues.

By Bloomberg
Reframing Retirement Income Discussions
RIA NEWS AUG 01, 2022
Reframing Retirement Income Discussions

Research has uncovered a fundamental disconnect between the value advisors think they offer—and what their clients perceive. Here’s how to turn that into an advantage.

By Protective