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Private equity digs heels into RIA industry
Private equity investors are keenly interested in RIAs for their recurring revenues, good margins and low capital expenditures. By most accounts, mergers and acquisitions of RIAs continue to be close to record numbers for the past several years.
Advisers, shoot for $100 million in AUM before going indie
Financial advisers who manage any amount of client assets are free to open an RIA, but those with $100 million have a leg up, said speakers at the InvestmentNews RIA Summit, a virtual conference with close to 700 attendees.
OneDigital continues acquisition tear with purchase of $6B plan adviser
The deal announced Thursday will add about $6 billion in assets across 71 retirement plans to Atlanta-based OneDigital Investment Advisors’ business.
The latest in financial #AdviserTech — April 2021
The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Why virtual internships are here to stay
After adapting on the fly last year, financial advisers are embracing virtual internships as a more efficient way to train and recruit talent.
Well-run advisory firms come in all sizes
Advisers thinking of making a move should evaluate firms on what they're doing and what they've done, not on how big or small they are.
Advisers plan more annuity recommendations amid the pandemic
Data from InvestmentNews Research and an annuities webcast show that more advisers are interested in the products.
Captrust acquires RIA managing $700 million
Pacific Investment Consultants is based in Folsom, California.
3 principles for growing your firm
We’ve gone from $2 billion to over $10 billion in AUM in four years because we’ve consistently adhered to three broad principles: Everything must be repeatable, measurable and scalable.
Financial advisers are steering clients away from SPACs
Special purpose acquisition companies are leveraging celebrity endorsements to drive investor demand, while financial advisers struggle to protect clients from risk.
Buckingham’s Hartman on pros and cons of remote work
The president of the $16 billion RIA told attendees at the InvestmentNews Women Adviser Summit that that it's too early to guess when things will get back to normal.
French asset management firm to buy Litman Gregory
iM Global Partner intends to enhance its U.S. distribution capabilities with the acquisition of the California wealth and asset management firm.
Creative Planning spreads equity to employees
Kansas-based registered investment advisory firm will give stakes to about 10% of its workforce.
SEC to emphasize climate risk in exams, step up Reg BI reviews
The agency is 'integrating climate and ESG considerations into [its] broader regulatory framework,' Acting Chair Allison Herren Lee says.
Focus Financial acquires $675 million RIA
Atlanta-based Rollins Financial, founded in 1990, joins the partnership.
Wealth Enhancement Group acquires $1.75 billion RIA
Boston-based North American Management has nine advisers.
Pathstone acquires $1.1 billion RIA
New York-based Cornerstone Capital Group specializes in sustainable investing.
Beacon Pointe acquires $350 million RIA
The deal for Wealth Design adds to the firm's footprint in Silicon Valley.
PE investments are good for RIAs. What about clients?
The influx of PE money is a huge vote of confidence for the health and future of the RIA business model, but some industry observers have voiced concerns.
$1 billion Merrill Lynch team moves to Rockefeller
PBS Wealth Group is located in Newport Beach, California.
