"Cash options are in use because people don't know that there's a better option," one fintech CEO said.
“If you're not engaging the estate planning conversation, and the client is talking to somebody who is, those assets are at risk,” Vanilla's CEO said.
“This is not an enormous surprise. The equity of the firm was materially undervalued by the public market,” one banker said.
The financial giant once known for its aggressive US acquisition strategy is now being snapped up by a Middle Eastern sovereign wealth manager.
The RIA giant's latest equity partnerships give it new footholds in North Carolina, Wisconsin and the Tri-State area.
Much as observers predicted strong returns for domestic small-cap value and the energy sector ahead of Trump's first term, the same enthusiastic assumptions this time around may be too simplistic, panelists at the Charles Schwab Impact conference said.
“If your biggest problem is that your patients die on a regular basis, go find more old people who have money, who need a nursing home," Kitces says. "We're not running out of them.”
The broker-dealer's latest addition, a 24-year veteran based in Missouri, is leveraging the firm's RIA Blueprint platform.
The top-ranked RIA's latest addition to its Legacy Division extends its New Jersey footprint with a new office in Riverdale.
The current and future CEOs, Walt Bettinger and Rick Wurster, offer guidance for independent advisors, with Wurster hinting at more access to crypto and more lending services.
While results of the deal won’t be seen for years, RIAs remain optimistic about the opportunities it presents for the space.
“There’s a substantial demand by advisors to get into that client referral program," one industry executive noted.
RIAs discuss how to master M&A to grow the practice at recent RIA Activate California event.
The alliance will give advisors at the top-ranked independent access to the fintech provider's estate planning capabilities.
"Our differentiation is that the financial advisor is the one who’s special," says Neil Turner, of NewEdge Advisors.
The transaction, set to complete in the first half of next year, will give the online trading giant access to a platform supporting 350 advisory firms managing more than $40 billion in assets.
"There's no better way than having true financial alignment through equity partnership," one CEO said.
The independent firm launched by ex-Sanctuary CEO Jim Dickson has tapped veterans from Summit Financial and BNY Pershing as it transitions an "oversubscribed pipeline" of advisor teams.
The industry veteran brings nearly 40 years of experience, including more than a decade in the CFO role, as the leading RIA continues to grow and enhance its operations.
Dr. Carolyn McClanahan, the 2024 InvestmentNews Women to Watch Lifetime Achievement recipient, has forged a stellar reputation educating people at the intersections of health and finance.
