The deal for the Idaho-based RIA vaults Modern Wealth past the $6B mark as it makes its freshman foray into the Pacific Northwest.
“With this rapid pace of change, there is always the potential for attrition and elimination of duplicative roles as natural outcomes," said Dimple Shah, executive vice president.
The RIA's latest acquisition adds three office-based locations and boosts it past the $14B AUM mark.
The firm's new C-suite hire with over 25 years of experience will help enhance the $10B Boston RIA's investment platform.
The leading RIA's combination with the Boston-based OCIO giant is projected to represent $1.8T in AUA and $258B in AUM.
The deal for the $3B Wisconsin-based wealth firm will strengthen Lido's profile in the Midwestern ultra-high-net-worth space.
Fidelity's latest industry report shows deal pace slowing to healthier levels, with private equity continuing to play a significant role.
"RIAs want a preferred tech stack," says firm's president of Americas Jennifer Valdez.
“These kinds of lawsuits have a chilling effect on the free market,” one attorney notes.
The momentum in industry consolidation persisted in Q3 as PE firms and other buyers sustained their interest in $1B plus AUM firms.
Be flexible with fee models and don't write off generation's potential.
The blockbuster transaction is expected to turn the New Jersey-based advisory giant into a $160B AUA colossus.
The PE-backed RIA's newly announced Western US transaction adds roughly $200M in AUM.
The RIA's fifth deal for 2024 gives it a foothold in Minnesota with a 33-person planning and investment superteam.
Bullish Shannon Spotswood, CEO of RFG Advisory, wants to "flip tables and bars" and upend industry norms.
The firm is extending its growth ambitions with a new location in Colorado while welcoming a $750M Schwab advisor.
The second-largest acquisition in the wealth firm's history adds a 12-person Minnesota team.
The employee-owned hybrid firm's latest hire in Fairfax reportedly managed $285M at his previous firm.
The tech-driven alts platform will provide support to advisors seeking customized portfolio access for their high-net-worth clients.
Growing uncertainty and short-term volatility are weighing on RIAs, with nearly half seeing at least some likelihood of recession.
