InvestmentNews gains behind-the-scenes access to gauge the mood of execs and advisors as firm prepares to transition 7,000 RIAs and nearly 4 million client accounts.
What's becoming evident is how tricky it is for wealth management firms to make the right match.
World Insurance Associates' retirement specialists unit is growing its national footprint and wealth management focus.
Bank's decision to refocus on super-rich shows how tough change can be for an institution like Goldman, say industry sources.
The RIA unit, with about $29 billion in assets, was known as United Capital when Goldman acquired it in 2019.
'I want our industry to think big,' Brad Genser says.
LPL has been picking up steam in working as a back-office platform for banks, credit unions and insurance companies.
Quarterly reporting and an annual audit 'could eat into returns and be borne by investors.'
Canter joined Bluespring only a year ago after spending nearly 13 years at Fidelity Investments.
Highland Private Wealth Management's acquisition takes its AUM to $1.9B.
Michigan RIA owner says case is a 'true David and Goliath situation' and that company name has caused significant confusion in the market.
One analyst pegs the purchase price for Goldman's RIA in the range of $270 million to $360 million.
Compliance experts have their say after SEC's first enforcement action based on new marketing rule highlights dangers of hypothetical-performance ads.
Duran's United Capital sold to Goldman Sachs in 2019 for $750 million in cash.
The total of 6,757 advisors moving between advisory and brokerage firms in the first half is the lowest level seen in the data, which go back to 2009.
Potential sale of RIA unit comes with CEO David Solomon’s acumen and character under the spotlight.
With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.
In a poll of 29 firms representing a collective $6 trillion in assets, fewer than half reported feeling satisfied with native tools.
The new firm's pay 'is significantly enhanced from the industry norms,' according to an investor presentation.
'The streamlining of the business is very critical,' says CEO Mike Tiedemann.
