The deal for the Audax-backed RIA based in Boston gives Osaic a strategic foothold to attract more advisors and clients across the wealth spectrum.
"I'm just a big believer that based on demographics alone, we are looking at a 10-to-15 year bull market in M&A in the RIA and independent wealth space," said Michael Belluomini, SVP of M&A at Carson Group.
A new survey of independent and national advisors unearths top concerns, diverging paths for real estate and private market investments, and how advisor experience matters in the push for alternatives adoption.
Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.
Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.
The San Francisco-based RIA has its logo on the shirt sleeve of 23-year-old Riley Lewis as he makes his major championship debut, and plans to further leverage the golfer's cachet among clients and prospects.
A Merrill Lynch breakaway joins one of Sanctuary Wealth's East Coast partners as VestGen adds two promising young talents to its own advisor bench.
Transactions have slowed according to recent data as industry insider warns that the trip doesn't always match the brochure when minority investors come onboard.
According to a new Interactive Brokers survey, 42% of independent advisors are investing more in non-U.S. equities, while 40% are reducing client exposure to U.S. stocks amid growing concerns over tariffs and the national debt.
Previously managing $2.6 billion in assets, the new RIA led by veterans from Stephens and Goldman Sach is setting its sights on the ultra-high-net-worth and family office space.
The latest powerhouse group to leave Osaic is moving at an interesting time, with Commonwealth is set to be absorbed by IBD behemoth LPL.
In its first move since selling a majority stake to HPS Investment Partners, Lido Advisors has acquired Michigan-based Exchange Capital Management. The deal comes as HPS prepares to join BlackRock, a major step for the world’s biggest asset manager expanding into the RIA space.
Multi-billion-dollar firms announce changes to management.
With experience from Fidelity and Schwab, Hanau will support the newest pillar of its Wealth Hub framework covering independent RIAs, W-2 employees, and its supported independence model.
Carson Wealth is strengthening its Colorado presence, while Bluespring's move in Texas will create a new $1.4 billion firm.
"This legal proceeding is about accountability and safeguarding ... the ethical standards our industry relies on," said Falcon Wealth CEO Gabriel Shahin, as the RIA accuses ex-employee Nicole Amore of misusing client data in her transition to Parallel Advisors.
CEO Jim Dickson said the two women leaders' hiring marks "a defining moment" for the Minneapolis-based RIA growth accelerator.
Against a backdrop of non-stop trade policy changes, planning professionals and leaders share their clients' experiences and the strategies they're using to adapt.
Leading with competence and empathy, the best independent advisors have built strong client relationships with communication and investment knowledge, among other hallmarks.
The Democratic front-runner says some of his closest challenger's key promises could push the richest New Yorkers to take flight to lower-tax jurisdictions.
