Cary Street Partners, a Richmond, Va.-based registered investment adviser managing $1.9 billion, has agreed to acquire Virginia Beach, Va.-based RIA Waypoint Advisors, which manages $215 million.
“Like many financial advisory firms, we recognize the need for larger scale to cover growing compliance, operations, and technology requirements,” said Elizabeth T. Patterson, president of Waypoint Advisors, which was founded in 2001.
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The firm's newly appointed regional leader, part of its latest addition in Philadelphia, will spearhead its expansion in the East Coast.
CPI data from October revived bond traders' hopes that the Fed can keep leaning dovish in its final interest rate decision of the year.
The Canadian bank-owned wealth giant is strengthening its presence in Virginia as it welcomes the 23-year veteran to its network.
The $38 billion RIA giant has formed a multigenerational planning team managing $377 million, with a new location in Palm Beach Gardens.
The broker-dealer giant's latest breakaway additions in San Diego, California are joining an existing team while opening a new office location.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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