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Navigating the blurring lines between M&A and recruiting
The competition for high-quality advisers and advisory firms, combined with an insatiable thirst for growth, is creating more choices for advisers as to both whom they partner with and how they choose to structure that relationship.
Larry Kudlow joins The Bahnsen Group as an adviser
Firm head and former Trump economic adviser share ‘love of free markets’
Lots of choices for advisers looking to sell
The approaches of the different types of buyers vary, so it’s essential to know how they approach the process.
Reegan Rae named co-CEO at Arnerich Massena
Firm founder Tony Arnerich is stepping down as co-CEO; Bryan Shipley becomes sole CIO in addition to co-CEO.
SEC charges former Minneapolis-area RIA with $2.25 million fraud
Isaiah Goodman of Becoming Financial Advisory Services allegedly siphoned off most of clients’ money and spent it on himself
Captrust acquires $800 million plan adviser
Pittsburgh-based PWA Wealth Management was founded in 2003 and advises individuals, small business owners and institutional clients.
Carson Group acquires $200 million firm
Doylestown-based Strategic Wealth Partners is Carson's first foray into Pennsylvania.
Hightower notches third deal of 2021 with $830 million acquisition
Siller & Cohen Family Wealth Advisors in Rye Brook, New York, joins Hightower's sprawling 33-state footprint.
CI Financial buys $23 billion RIA Segall Bryant & Hamill
The Toronto-based wealth management conglomerate has made 14 U.S. deals in less than a year. The acquisition will be CI’s largest purchase so far, and once completed it will double its total U.S.-based assets to $46.1 billion.
Sammons Financial acquires $3 billion Ohio RIA
Dayton-based Beacon Capital Management also runs a turnkey asset management program.
Mercer acquires $215 million Iowa RIA
Ten-year-old Marrs Wealth Management is based in Ames.
Mercer Advisors acquires $440 million RIA
Hart Capital Management was founded in 1998 and is based in Spokane, Washington.
SageView deal shows RPA M&A market is still hot
After private-equity partners lined up to invest in Captrust, which eventually selected GTCR, the firms that were left out were eager to invest. SageView became the most attractive option remaining.
OneDigital acquires firm overseeing $1 billion in plan assets
The deal for Vertical Financial Group is the insurance giant’s second big purchase of a retirement plan adviser.
SEC charges father-and-son team with fraud
The agency says that Michael Sztrom's son David faked being an adviser with his father’s help.
Mercer acquires $365 million Virginia RIA
All five team members of Pinnacle Wealth Solutions in Midlothian are joining Mercer.
Focus Financial takes stake in $677 million Missouri RIA
Hill Investment Group in St. Louis, which was founded in 2005, becomes its latest partner firm.
Ed Butowsky pulls Twitter apology to brother of murdered Democratic staffer
In a curious development to a strange, twisting tale, Butowsky, managing director of Chapwood Capital Investment Management, offered an apology to the brother of former DNC staffer Seth Rich on Twitter — then deleted the tweet.
The future of 401(k) plans, as industry leaders see it
The business is complex and competitive, and it is changing rapidly, industry leaders noted at several InvestmentNews events
Giant California RIA acquires two firms
Beacon Pointe Advisors adds CDA Group, based in Greenville, South Carolina, and Essex Asset Management, in Vero Beach, Florida.
