Atlanta-based OpenArc launches as an independent RIA while Merrill Lynch files suit over alleged "corporate raid."
Two new firms have been created by advisors seeking greater independence.
"I think this is the exact time and perfect opportunity for TradePMR and Robinhood to do this because many custodians run retail businesses that compete directly with advisors for end-client relationships," TradePMR's Robb Baldwin told InvestmentNews.
Having broken past the $3 billion AUM mark, the tech-forward RIA platform has hired a veteran leader to lead efforts to upscale its portfolio and investment decision-making capabilities.
Highlight your organization's culture, benefits, and programs that make it a leading workplace.
Robinhood "financial superapp" includes plans for a new social network that could have additional risks, Altruist CEO Jason Wenk told InvestmentNews, as other RIAs applaud Robinhood's transparent approach to social trading.
Wealth firm leaders weigh in on the "significant opportunity" for tax-deductible gifts before year-end, and what advisors should keep in mind during philanthropic conversations.
Also, MAI Capital and Carson Group have expanded their footprints in Florida, Ohio, and Illinois with new RIA partners
In 2024, US financial advisory firms saw record growth in assets, revenues, and profits, driven by markets and transformation.
The acquired firm will become part of Aprio Wealth Management.
Inside Mike Durbin and Cetera's quest to make 'big' feel 'small.'
Elsewhere in New York, RIA succession incubator Uniting Wealth Partners has welcomed a Rochester, NY-based practice.
Meanwhile, LPL welcomes a $400 million planning-focused team from Edward Jones in southeast Missouri.
Advisory firms are entering a new era—our 2025 Benchmarking Study reveals key performance, profitability, and compensation trends nationwide.
From delayed communication and client attrition to cultural clashes, neglected next-gen talent, and integration misfires, industry leaders share risks of M&A that emerge once the ink has dried.
Jon Beatty, head of Schwab Advisor Services, explains how independent advisors are reshaping their business models around client trust, AI, and new client growth.
Waverly lands its 25th deal since 2021 with a tax-focused RIA in Ohio, while independent RIAs Moneta and Private Advisor Group announce mergers in New Jersey and Michigan.
Report shows RIAs are investing in trust, tech and talent.
Industry veterans join RIAs from Bank of America, Hightower Advisors.
With next-generation workers facing the hardest hit, Senior Wealth Advisor says weighing other job opportunities and maintaining healthy savings habits will continue to be critical.
