Results for "breakaways"

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CEO of Cantor's wealth unit to depart

April 16, 2015

Stanley Gregor, who joined Cantor Fitzgerald & Co. in 2013 to help the Wall Street firm branch out into wealth management and launch Cantor Fitzgerald Wealth Partners, is leaving the firm in coming weeks, according to several sources familiar...

Wirehouses 'turning their backs' on small producers

June 13, 2012

The stock market may be on the slide, but TD Ameritrade chief executive Fred Tomczyk has some surprising advice for his top advisers. “I would still invest in the U.S.” he said. His reasoning? “I'm seeing more [foreign] shareholders in...

The robo-fication of RIA deal making

March 16, 2015

The wealth management industry is awash in robo hype. The mainstream introduction of online, automated investment services, known as robo-advisers, has the financial advisory business riveted. Headlines, shop-talk and strategic planning sessions...

Charles Goldman tells indie advisers: 'Wind is at your backs'

March 2, 2012

Independent advisers don't have to be big to be successful, according to Charles Goldman, former head of Schwab Advisor Services and past president of Fidelity Investments. The investor market has a lot of mass-affluent clients, said Mr. Goldman,...

Better together? Why not all advisory teams are meant to go independent

September 17, 2018

For advisers who yearn for independence, going independent on their own can seem like the perfect solution. Advisers are attracted by the flexibility of the registered investment adviser model and the ability to serve their clients in a conflict-free...

Custodians ranked by number of RIA custody clients

August 13, 2014

Firm Address City, State Zip Phone Website Head of RIA custody business 2014 # of clients % change vs. 2013 2014 assets under custody % change Minimum assets of advisers Schwab Advisor Services 211 Main St. San Francisco, CA 94105 (877) 687-4085...

Advisers with $350M in AUM leave bank to form RIA

August 5, 2014

Four financial advisers who collectively advised $350 million in assets under management have joined Arbor Trust Wealth Advisors in Ann Arbor, Mich., after working together for seven years at United Bank & Trust. The new independent advisory...

What does it mean when superstar breakaway brokers bolt again?

June 12, 2019

In 2008, when a group of advisers in charge of $7 billion left Merrill Lynch to set up their own RIA, Luminous Capital Holdings, the financial advice industry was aghast. It was an audacious move, particularly for a team of all-star financial...

HighTower COO LaMena adds president to title

October 9, 2013

Crowning a series of shake-ups atop one of the nation's fastest-growing associations of investment advisory firms, HighTower Securities LLC announced the appointment of an insider and former wirehouse executive as its new president Tuesday....

Ritholtz, Brown launch RIA firm with five advisers

September 16, 2013

Barry Ritholtz and Josh Brown have launched their own independent investment advisory firm, the advisers and media personalities told InvestmentNews on Monday. The firm, which is known as Ritholtz Wealth Management, will launch with five advisers....

Focus adds Midwest firm to the fold

August 5, 2013

Focus Financial Partners announced today that LaFleur & Godfrey Inc., a $400 million-in-assets advisory firm based in Grand Rapids, Mich., has joined the Focus partnership. LaFleur & Godfrey was founded in 1987 and is led by its two principals,...

The Takeaway: Big savings for small advisory firms

July 26, 2013

Portfolio Japan defies the naysayers and finally produces a bit of inflation. Is wage growth next?  (Bloomberg) JPMorgan goes to the top of the pile on its year-end S&P target - 1775!  (MoneyBeat) Wall Street's chief strategists vs the S&P...

HighTower signs first adviser to new platform

June 4, 2013

Shaffer Wealth Management has become the first financial advisory firm to join the HighTower Network — a platform that gives breakaway advisers access to the RIA partnership's resources, but allows them to maintain control over their own practices....

Report paints picture of 'typical' adviser

November 5, 2012

The number of investment advisers registered with the Securities and Exchange Commission has declined over the past year, while the assets under management that the agency regulates have increased substantially, according to a study released...

Small firms won't survive — they'll thrive: Fidelity's Oros

August 24, 2012

Bob Oros has been on the job since January 2012 as executive vice president and head of sales and relationship management at Fidelity Institutional Wealth Services. With 13 years spent at Charles Schwab Corp., three years at LPL Financial and...

Schwab to cut the ribbon on its third franchise office

April 26, 2012

The Charles Schwab Corp. will be opening its third franchised branch office next month, said chief executive Walt Bettinger on Thursday. Schwab opened its first franchise office in December at a location in Nashua, N.H. In March, the brokerage...

Orion sets sights on breakaway brokers

June 6, 2018

Orion Advisor Services is the latest technology company turning its attention toward breakaway brokers. The portfolio management software provider announced a new program on Wednesday called Fast Track to support advisers leaving wirehouses...

RIA sellers might be rushing in ahead of market turmoil

April 23, 2018

The first quarter of 2018 saw a record level of consolidation activity in the financial advisory space, according to the latest report from DeVoe & Co. The 47 registered investment adviser transactions during the first three months of the year...

Eight advisers managing $616 million join Benjamin Edwards

July 11, 2018

Eight advisers managing $616 million have joined St. Louis-based Benjamin F. Edwards & Co. Five of the advisers — the father-and-son team of David and Tyler Herr in Chandler, Ariz.; Bill Raymon in Birmingham, Ala.; James Garner in Atlanta;...

Choppy stock market leads to fewer wirehouse reps fleeing the coop

April 30, 2019

The stock market correction at the end of last year is being credited with putting a damper on breakaway broker activity during the first three months of this year. The latest data from Echelon Partners show that just 94 advisers exited the...

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