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Advisor Group RIAs add alts, and fresh conflict, to platform
The agreement between Advisor Group and CAIS on sales of alternative investments, and the revenue such sales would generate, is the crux of the matter.
Advisor Group to rebrand — more to follow
It's all part of the push by the private equity-owned network of independent broker-dealers toward an initial public offering.
LPL adds Securities America team managing $200 million
Stephen Walker and Wes Alston operate as Walker Alston Financial Group in San Antonio, Texas.
Bad apps + Bad actors = Bad news for advisors
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
Does the 60/40 rule need revising given the surge in alts?
At a panel at FSI OneVoice, one speaker suggested the revised math for portfolios could wind up in the neighborhood of 55% stocks, 35% bonds and 10% alternative investments.
Commonwealth adds $230 million team from Advisor Group
Michael Critchfield and Matthew DiGiacomo operate as Core Financial Group in Yuba City, California.
Expect giant branch offices at IBDs to flex their muscle
There are plenty of private equity managers left who could still invest in large branch offices of independent broker-dealers.
B-D SPAC deal takes shape; Larry Roth to have lead role
When aggregator Wentworth Management Services goes public by merging with a SPAC, Kingswood, sometime in the next few months, industry veteran Roth will serve as chairman.
Finra smacks Advisor Group with $1.3 million penalty over private placement sales
The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.
Commonwealth becomes latest IBD to invest in adviser firms
The firm is introducing an effort to buy minority stakes in the financial advisory firms that use its brokerage and RIA services.
Maine practice managing $170 million opts for Arkadios
Downeast Private Wealth, led by Lena-Jo Hartley, was affiliated with Investacorp for almost 25 years.
Women take the lead at Advisor Group
The imperative for having more women in charge of brokerage and advisory firms is pretty clear — in the future women will control more of the nation's wealth.
Securian team managing $203 million bolts for SagePoint
Brian Falconer and 16 reps operate as Wealth Management Resource Group in Braintree, Massachusetts.
RIA M&A transaction with a fresh twist
As large broker-dealers look to play in the red-hot mergers and acquisitions market for RIAs, Advisor Group is investing along with its owner, Reverence Capital, in RIA Signature Estate & Investment Advisors.
Using the Great Resignation to drive gender diversity in the industry
There's a growing pool of women seeking second careers who come from sectors including education and nursing, professions that create skills perfectly suited for wealth management.
Advisor Group launches employee wellness program
As part of the program, confidential mental health support will be provided to employees of the company’s six independent broker-dealers.
Fitch sees ‘benefits’ in Advisor Group’s latest deal
The acquisition of American Portfolios could bolster the network's revenue and profit margins over time, according to the rating agency.
Advisor Group rolls with another B-D acquisition
The deal for American Portfolios Financial Services Inc., a New York independent broker-dealer, brings Advisor Group 850 advisers who oversee close to $40 billion in client assets.
Group overseeing $800 million switches to SagePoint from Lincoln
IronBridge Wealth Counsel, which has eight advisers, has offices in seven cities across the country.
After latest deal, Advisor Group debt is stable but still ‘highly speculative’: Fitch
Fitch Ratings noted that the rating affirmation reflected Advisor Group's "improving scale as one of the largest independent financial advisers in the U.S."
