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SageView buys $3.5 billion RPA Channel Financial
The deal represents the fourth such acquisition over a year for Newport Beach, California-based SageView, which last year sold a majority stake to Aquiline Capital Partners.
Our succession planning crisis
A Cerulli study shows that of the roughly 103,000 advisers who plan to retire by 2030, 26% are unsure of their succession plans.
Who will win the 401(k) battle in the 2020s?
The start of the 2020s has been dominated by the three Cs — Covid, convergence and consolidation. Government mandates could cause the small and startup plan market to explode, and RPA consolidation has blown up.
Aspiriant acquires $350 million San Diego-based firm
HearthStone’s seven employees work with 150 clients, including affluent families and professional fiduciaries.
Cerity Partners adds $5 billion RIA in San Francisco
The addition of Bingham Osborn & Scarborough will push the New York-based aggregator to nearly $40 billion in total RIA assets.
JPMorgan bankers notch record quarter for M&A
Fees from advising on deals almost tripled in the third quarter, crushing analysts’ estimates and helping to push the bank’s net income to $11.7 billion.
The latest in financial #AdviserTech — May 2021
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers.
In Advisor Group lawsuit, the right hand is suing the left
The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm.
The latest in financial #AdviserTech — April 2021
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
MoneyLion to go public via blank-check merger in $2.9 billion deal
MoneyLion manages about $20.65 million in assets and offers mobile banking, automated investing and personal financial management tools
What Raymond James’ purchase of NWPS means for 401(k) industry
The firm's acquisition of the record keeper may be a harbinger for other distributors. Does Raymond James see opportunities to monetize participants in retirement plans, especially given the launch of pooled employer plans?
RIA M&A starts 2021 with a bang
In the first week of the new year, eight significant deals involving advisory firms were announced and a total of $159.6 billion in assets changed hands. Among the buyers and sellers — including Hightower, Sageview Advisory Group and Aquiline Capital Partners — were some of the most significant names in the burgeoning RIA industry.
Prep your firm for sale, even if you don’t plan to sell
Fixing up the business will make your work more enjoyable and your firm more profitable
Hub International snaps up almost $3 billion in assets
With the latest deals, the firm's retirement plan and private wealth business oversees about $93 billion
Why technology is crucial for RIAs focused on M&A
A wealth management technology offering that helps RIAs reinforce and expand their value propositions is something prospective M&A partners find attractive
Captrust expands to Colorado with purchase of female-led RIA
$785 million Denver-based Shine Wealth Partners will rebrand as Captrust
Toronto mega-buyer CI Financial acquires Roosevelt Investments
Canadian consolidator has made 12 deals since February, and three in less than two weeks
Merchant takes minority stake in Baldwin Brothers
The private equity investor views RIAs as 'growth stocks'
Canada’s CI Financial plans to dominate US wealth management
Eleven RIA deals since February are just the start of a cross-border strategy for the Toronto-based firm
Canada’s CI Financial buys 11th US RIA since February
The $59 billion aggregator adds to the major footprint it's building south of its border with the purchase of Doyle Wealth Management
