RIAs

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CFA designation still in demand for hiring as fewer pursue it
NEWS RIAS DEC 04, 2024
CFA designation still in demand for hiring as fewer pursue it

The number of CFA test takers has dropped, yet wealth managers still seek out the designation when hiring.

Mariner adds $878M in bicoastal double-deal
NEWS RIAS DEC 04, 2024
Mariner adds $878M in bicoastal double-deal

The PE-backed RIA colossus with $245 billion in assets under management has just expanded its footprint in Florida and California.

Advisors who switch firms are overwhelmingly happy about it
NEWS RIAS DEC 03, 2024
Advisors who switch firms are overwhelmingly happy about it

A minority say they regret jumping ship, and in either case, their satisfaction has a lot to do with tech and compensation, results of a recent survey show.

$13B hybrid RIA Snowden Lane names new leader to ramp up national recruitment
NEWS RIAS DEC 03, 2024
$13B hybrid RIA Snowden Lane names new leader to ramp up national recruitment

The leading independent, advisor-owned firm is sharpening its growth focus by elevating one of its senior partners into an expanded leadership role.

Kestra welcomes $427M Arc Private Wealth in Ohio
NEWS RIAS DEC 03, 2024
Kestra welcomes $427M Arc Private Wealth in Ohio

Helmed by ex-Edward Jones advisors, the newly launched RIA firm has multiple footholds across Ohio including Oregon, Waterville, and Upper Sandusky.

$66B Mercer Advisors strikes deal for women-focused Frango Financial
NEWS RIAS DEC 03, 2024
$66B Mercer Advisors strikes deal for women-focused Frango Financial

The PE-backed RIA giant's latest partnership gives it additional locations in Washington, DC, Maryland, and South Carolina.

$5.3B VestGen makes RIA platform debut
NEWS RIAS DEC 03, 2024
$5.3B VestGen makes RIA platform debut

The firm headed by a 27-year veteran most recently with LPL is launching with 10 partner practices as it takes on advisors' succession challenges.

Miracle Mile bolsters East Coast reach with Offit Advisors
NEWS RIAS DEC 03, 2024
Miracle Mile bolsters East Coast reach with Offit Advisors

The growth-focused RIA's latest partnership in Maryland practice boosts it to $7.4 billion in assets under management while continuing its 2024 acquisition strategy.

$21.5B Sequoia Financial eyes Western expansion following Eide Bailly deal
NEWS RIAS DEC 02, 2024
$21.5B Sequoia Financial eyes Western expansion following Eide Bailly deal

The top-ranked RIA is setting its sights on new markets with plans for key acquisitions in Los Angeles, Phoenix, and Salt Lake City.

Carson Group founder launches a life transformation business: Omya
NEWS RIAS DEC 02, 2024
Carson Group founder launches a life transformation business: Omya

Omani Carson's new company, Omya, promises to help people live with a mindset of love and abundance.

Dynasty Financial's Procyon Partners taps industry veteran for new growth role
NEWS RIAS DEC 02, 2024
Dynasty Financial's Procyon Partners taps industry veteran for new growth role

The $7 billion RIA welcomes a seasoned professional to help scale the business and draw talent across its private-client and institutional businesses.

Beatty flexes Schwab's RIA muscle
NEWS RIAS NOV 28, 2024
Beatty flexes Schwab's RIA muscle

John Beatty, Charles Schwab's new head of advisor services, said he believes no other custodian has more skin in the game when it comes to independent advisors and believes the RIA industry will hit $20 trillion in assets by 2034.

Give millennials participation trophies for effort, author says
NEWS RIAS NOV 26, 2024
Give millennials participation trophies for effort, author says

How advisors communicate with people in different age groups matters, as what they value in a professional's experience isn't necessarily the same, generational speaker Cam Martson said.

Fidelity to move RIA clients' sweep balances to in-house product
NEWS RIAS NOV 26, 2024
Fidelity to move RIA clients' sweep balances to in-house product

"Cash options are in use because people don't know that there's a better option," one fintech CEO said.

Advisors at a disadvantage if estate planning isn’t a core service
NEWS RIAS NOV 25, 2024
Advisors at a disadvantage if estate planning isn’t a core service

“If you're not engaging the estate planning conversation, and the client is talking to somebody who is, those assets are at risk,” Vanilla's CEO said.

CI Financial sale: The writing was on the wall, sources say
NEWS RIAS NOV 25, 2024
CI Financial sale: The writing was on the wall, sources say

“This is not an enormous surprise. The equity of the firm was materially undervalued by the public market,” one banker said.

CI Financial agrees to take-private deal valuing firm at $8.7B
NEWS RIAS NOV 25, 2024
CI Financial agrees to take-private deal valuing firm at $8.7B

The financial giant once known for its aggressive US acquisition strategy is now being snapped up by a Middle Eastern sovereign wealth manager.

Summit Financial scores $420M in assets with triple acquisition
NEWS RIAS NOV 25, 2024
Summit Financial scores $420M in assets with triple acquisition

The RIA giant's latest equity partnerships give it new footholds in North Carolina, Wisconsin and the Tri-State area.

Expecting small-cap or energy boom from Trump? Don't be so sure.
NEWS RIAS NOV 22, 2024
Expecting small-cap or energy boom from Trump? Don't be so sure.

Much as observers predicted strong returns for domestic small-cap value and the energy sector ahead of Trump's first term, the same enthusiastic assumptions this time around may be too simplistic, panelists at the Charles Schwab Impact conference said.

Great Wealth Transfer is 'utterly preposterous': Kitces
NEWS RIAS NOV 22, 2024
Great Wealth Transfer is 'utterly preposterous': Kitces

“If your biggest problem is that your patients die on a regular basis, go find more old people who have money, who need a nursing home," Kitces says. "We're not running out of them.”