RIAs

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Cetera, Allspring, Perigon announce advisor additions
NEWS RIAS DEC 13, 2024
Cetera, Allspring, Perigon announce advisor additions

The firms are extending their footprints with new recruitment moves in Arizona, Massachusetts, and Florida.

Tennessee-based SageSpring drafts NFL veteran Winston Justice as private wealth CEO
NEWS RIAS DEC 13, 2024
Tennessee-based SageSpring drafts NFL veteran Winston Justice as private wealth CEO

The former offensive lineman for the Philadelphia Eagles is taking charge of the $5.5 billion RIA's strategic growth initiatives.

The case against the basis points tax for advisors
NEWS RIAS DEC 12, 2024
The case against the basis points tax for advisors

CEO says that the 'basis points tax' is killing firms’ bottom line.

Hightower, Summit keep growth streak going with latest strategic deals
NEWS RIAS DEC 12, 2024
Hightower, Summit keep growth streak going with latest strategic deals

The RIA acquirers' newest partnerships, involving an $800 million team and a $550 million wealth planning firm, give them additional footholds in Colorado and Illinois.

Institutional consultant and OCIO snags Envestnet director for wealth business
NEWS RIAS DEC 12, 2024
Institutional consultant and OCIO snags Envestnet director for wealth business

Jean Heath, former principal director of asset management relations, will help Clearstead sell its newly acquired SMA services, a big step the firm has made in the high-end wealth-management business.

The scramble for talent at RIAs is just beginning: Schwab
NEWS RIAS DEC 11, 2024
The scramble for talent at RIAs is just beginning: Schwab

RIAs will need to hire more than 70,000 new staff over the next five years, Schwab said. What should RIAs be doing to prepare?

Steward Partners strengthens West Coast presence with Lindsey-Trost Group deal
NEWS RIAS DEC 11, 2024
Steward Partners strengthens West Coast presence with Lindsey-Trost Group deal

The $38 billion RIA's latest merger transaction will create a hybrid branch overseeing $712 million in assets while giving the firm a new foothold in Los Angeles.

Homrich Berg snaps up $6.4B family office WMS
NEWS RIAS DEC 11, 2024
Homrich Berg snaps up $6.4B family office WMS

The RIA giant's first deal since getting an infusion from TPG will lift it past the $24 billion asset mark while expanding its footprint in Maryland.

The SEC can limit mandatory arbitration by RIAs. But will it ever?
NEWS RIAS DEC 10, 2024
The SEC can limit mandatory arbitration by RIAs. But will it ever?

“It’s probably the most important issue relating to investor justice,” the SEC's ombudsman said at the Investor Advisory Committee meeting Tuesday.

Modern Wealth adds $500M in AUM with acquisition hat trick
NEWS RIAS DEC 10, 2024
Modern Wealth adds $500M in AUM with acquisition hat trick

The growing RIA tops $6.5 billion in assets while extending its Michigan and Kansas footprints and establishing its first North Carolina location.

$24B Lido Advisors snaps up fellow LA RIA Avitas Wealth Management
NEWS RIAS DEC 10, 2024
$24B Lido Advisors snaps up fellow LA RIA Avitas Wealth Management

The RIA giant's newest partner brings multigenerational wealth expertise while adding more than $1.1 billion in registered assets under management.

PE-backed RIA Merit adds $603M with Trinity Financial Partners
NEWS RIAS DEC 10, 2024
PE-backed RIA Merit adds $603M with Trinity Financial Partners

The deal gives the hybrid RIA with $11.84 billion in assets its third Pennsylvania location as well as its twenty-ninth partnership since receiving a key minority investment.

$37B RIA Beacon Pointe taps ex-Capital Group leader for retirement plan division
NEWS RIAS DEC 10, 2024
$37B RIA Beacon Pointe taps ex-Capital Group leader for retirement plan division

The wealth firm's newest hire brings over a decade of experience in providing fiduciary and investment consulting services to 401(k) and 403(b) plans, endowments, and foundations.

Top execs to leave Carson Group in 2025
NEWS RIAS DEC 09, 2024
Top execs to leave Carson Group in 2025

Carson Group president Teri Shepherd and divisional president of Carson Partners Aaron Schaben are leaving their positions at the company next year.

$30B MAI Capital makes another move in Maryland
NEWS RIAS DEC 09, 2024
$30B MAI Capital makes another move in Maryland

The Ohio-based RIA's deal for an independent wealth firm in Connecticut adds $350 million in assets under management to its book of business.

Focus Financial reveals fourth wealth hub in continuing merger strategy
NEWS RIAS DEC 09, 2024
Focus Financial reveals fourth wealth hub in continuing merger strategy

The PE-backed RIA platform has selected LA-based multifamily office Gelfand, Rennert & Feldman as its first ever business management center.

What new RIAs should look for in their talent
NEWS PRACTICE MANAGEMENT DEC 05, 2024
What new RIAs should look for in their talent

"Personality traits are more important than the technical aspect," one CEO said.

Newcomer RIA Serenus goes bicoastal with New York City office
NEWS RIAS DEC 05, 2024
Newcomer RIA Serenus goes bicoastal with New York City office

The independent high-net-worth RIA's inaugural East Coast location will be headed by a new partner previously from Merrill Lynch.

Concurrent hits $9.7B with latest advisor additions
NEWS RIAS DEC 05, 2024
Concurrent hits $9.7B with latest advisor additions

The newest members of the multi-custodial RIA's network in Georgia and Texas have collectively brought $885 million in AUM to the firm.

Dynasty announces wealth advisory tie-up with Nasdaq Private Market
NEWS RIAS DEC 04, 2024
Dynasty announces wealth advisory tie-up with Nasdaq Private Market

The strategic partnership will help employees of non-public companies navigate secondary liquidity events with comprehensive investment and tax planning services.