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With great growth comes great conflicts for RIAs
Where Wall Street goes, trouble is sure to follow.
Quest for scale is reshaping RIAs, report says
Amid continued consolidation and M&A, mega-RIA firms are emerging to play key roles in shaping the wealth industry.
Mega-RIAs still winning out amid advisor growth surge: Cerulli
Even as the pace of advisor growth doubled, challenges continued for the overwhelming majority of smaller firms.
Osaic CEO says ‘day of reckoning’ coming for RIA market
"Will there be more RIAs for sale than there are buyers at the trough?" Jamie Price asks.
Investor advocates call on SEC to end RIAs’ use of mandatory arbitration
'Investors are forced into an arbitration process that’s unfair – a process that too often leaves retirees ripped off by unscrupulous RIAs and then priced out of justice by forced arbitration clauses inserted by folks who are fake fiduciaries,' PIABA president says.
Why PE can’t get enough RIAs
The relatively young market and its reliable, asset-based fees are very attractive to investors.
‘I want hungry people who are willing to do the right thing’
Handpicked early for the top job, CEO Richard R. Hough ‘grew up’ at Silvercrest – now he’s leading the public RIA’s multifaceted growth story.
Raymond James CEO balks at high price of RIAs
'The biggest change in the competitive landscape has been RIA roll-ups that pay prices that we can't quite figure out,' Paul Reilly says.
Wirehouse defections far from done, says Verdence Capital CEO
'When was the last time you saw an article that said an RIA is going to a wirehouse?' asks Verdence founder Leo Kelly.
Over a third of US advisors plan to retire within 10 years
Succession planning is critical, as advisors 55 and older account for 42 percent of head count but 57 percent of assets, Cerulli found.
RIAs to have a rollicking year
In the wake of Fisher Investments deal chatter, 2024 will likely be studded with significant transactions involving registered investment advisors.
Cambridge launches fee-only RIA
BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.
Mercer adds $275M RIA in Iowa
The deal for River Glen Wealth Counselors adds to the firm’s presence in the central U.S.
Advisor Group hires Dynasty co-founder Ed Swenson to lead RIA channel
The independent broker-dealer is developing different channel strategies as part of its rebranding, and RIAs are a big part of that.
Hightower adds $1.6 billion TC Wealth Partners
The deal, which closed Dec. 31, includes the acquisition of Trust Company of Illinois, which is a subsidiary of Chicago-based TC Wealth.
Digital client acquisition fuels growth at top RIAs: Schwab
As a result of increased digital business development, 68% of all advisers met or exceeded their client growth goals.
Focus Financial notches two more acquisitions, bringing 2021 total to 15
The $250 billion RIA aggregator is adding Sonora Investment Management in Tucson, Arizona, and Collins Investment Group in Rockville, Maryland.
The Colony Group acquires $2.8 billion New Providence Asset Management
The deal adds to what is already a record-breaking pace of consolidation in the RIA space, with 100 deals announced in the first six months of 2021.
Betterment rolls out a prepackaged tech stack for RIAs
Betterment tapped RIA in a Box, RightCapital, and Wealthbox to provide new and breakaway RIAs a predetermined tech stack.
Schwab-TD integration on track with more layoffs expected: Bernie Clark
Head of Schwab Advisor Services Bernie Clark gave progress updates, while unveiling the firm's annual Independent Advisor Survey Outlook. Results showed sweeping adviser optimism and lessons learned from 2020.
