Kingswood U.S., a New York-based network of registered investment advisory firms and broker-dealers overseeing more than $3 billion, has attracted firms with 15 financial advisers in the fourth quarter of 2022.
The advisers work at a practice serving high-net-worth clients in the Washington, D.C., metro area, a 20-year-old planning firm in Atlanta, Georgia, and a financial planning and consulting firm in Hawaii.
For the year, Kingswood Wealth Advisors attracted 21 advisers supervising more than $943 million in assets, the company said in a release.
The two hybrid RIAs have widened their respective footprints with acquisitions in Kentucky and Pennsylvania.
The joint motion by the regulator and the giant crypto bourse comes as the recently installed crypto task force lays foundations for a formal framework.
With meaningful scale and growing client needs, the multibillion-dollar RIA's leader says the "time is right" to come into its own an independent private investment business.
Despite technology adding capacity, an advisor shortage is predicted.
And there's a large gap between the fears they have and the action they take.
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