A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
The 67 deals announced in the first three months of the year mark the second busiest quarter on record, but the data points to less activity over the remainder of the year.
Aspire Holdings will hold the firm’s investments in RIAs as it pursues a plan to invest up to $300 million in the sector.
The three-person team in Santa Barbara, California, is led by Antonia LaRocca and operates as Saige Private Wealth.
Here are the four options that provide the highest level of freedom and control for advisers managing more than $500 million.
Building a more diverse workforce solves multiple challenges currently facing the wealth management industry.
Even if a prolonged bear market conspires with rising rates and valuations take a hit, the other factors driving M&A will continue to push more sellers into the market than we’ve seen in the past.
Fairfax, Virginia-based Integrated Financial Partners acquired Wagner Resources Group, an RIA based in McLean, Virginia.
Keystone's team-based approach is described as having sealed the deal; the firm's 29 employees include advisers, attorneys and CPAs.
Red Hook Management was a crosstown rival; both Simon Quick and Red Hook are based in Morristown, New Jersey.
Trouble in the bond markets is moving investment portfolios well beyond traditional allocations of 60% stocks and 40% bonds.
The US IPO will give the Canadian financial conglomerate another method to pay for its purchases of registered investment advisers, says CEO Kurt MacAlpine.
The steady flow of PE money into wealth management illustrates the bullish outlook for the industry's fee-based revenue streams.
Hatton Consulting is a Phoenix-based wealth management firm that was founded in 1999.
Over the first three months of 2022, the RIA aggregator announced six acquisitions of wealth management firms with close to $5.7 billion in AUM.
While the financial planning industry clings to the more lucrative asset-based fee model, a steady push toward flat fees is gaining steam.
Both WA Asset Management and the firm it acquired, Clark Financial Advisors, are based in Birmingham, Alabama.
The acquisition of Oakbridge Partners will push Homrich's assets to nearly $13 billion. The deal is expected to close next month.
Purchase, New York-based Altium Wealth Management specializes in direct indexing.
The asset sale suggests Morgan Stanley won't be following some competing Wall Street firms that are migrating toward the RIA space.
