The independent broker-dealer is developing different channel strategies as part of its rebranding, and RIAs are a big part of that.
As the banking crisis unfolded during the first quarter, the youngest investors were loading up on financial sector stocks and crypto, while older investors backed off.
Having more people know what you can do for them rather than what they can do for you could be a route to growth that suits many advisors.
The technology is gaining appeal as way for advisors to separate themselves from the financial planning pack.
The legislation would force the SEC to calibrate compliance costs for small and growing businesses, including advisory firms.
Vigilant Wealth Management has offices in Portland, Maine, and Portsmouth, New Hampshire.
Fidelity's alts platform, which launched in 2013, has seen assets grow by 70% since 2020.
Since launching as a spinoff of Thrivent Financial in 2019, the platform has grown to $5 billion in client assets.
Since becoming a hybrid RIA, Concurrent has added five new firms that combine for $440 million and it's ramping up to co-brand advisors from every possible direction.
The acquisition of Planned Futures, which manages $460 million, expands Merit's footprint in Pennsylvania.
Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.
"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.
Fidelity's latest report shows more deals involving smaller firms and structures that put buyers in the driver's seat.
Jersey City, New Jersey-based Crescent Harbor Private Wealth was founded by John Araneo.
It's time for the financial services industry to rethink its rules when it comes to offsetting fees.
It's in the best interest of Cetera's owner, Genstar Capital, to make the broker-dealer network look as much like a registered investment advisor as possible.
Despite the broader slowdown in recruiting over the first three months of the year, the RIA and independent broker-dealer channels have continued to bring on experienced advisors at a steady pace.
Goldman representatives say the custody operation is on track for success, but don't disclose details.
Investment Management of Virginia was founded in 1982 and has offices in Richmond and Charlottesville.
The management of Adviser Investments, Ropes Wealth and Summit Partners will own the combined firm.
