Displaying 162 results
Wealth Enhancement Group buys $1.4 billion Hoover Financial Advisors
This marks the second major deal since March for the $35 billion RIA, and it's a sign of more to come, according to CEO Jeff Dekko.
Niche financial planning seen as the next frontier
As fee-based advice becomes a commodity, more RIAs are finding opportunities to target specific types of clients. Niche planning is easier for advisers who are just starting out because it doesn’t mean screening out some existing clients.
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.
CI Financial buys $5.1 billion Dowling & Yahnke
The deal marks the 18th RIA transaction in the U.S. for the Toronto-based aggregator. The transaction is expected to increase CI’s total U.S. assets to $63 billion, and to $230 billion, globally.
Biden tax talk seen driving RIA M&A activity
The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.
Capital Group launches practice management platform for advisers
The new tool, called PracticeLab, is similar to the services advisers are getting from custodians and other business partners.
CI Financial buys $4.7 billion Brightworth for third deal of 2021
Less than a week after notching its 15th deal in as many months, Toronto-based CI Financial announced the acquisition of an Atlanta-based RIA with $4.7 billion in client assets.
CI Financial notches 15th RIA acquisition in as many months
The Toronto mega-buyer continues to gobble up U.S. wealth managers at a record clip. Once the deal closes, CI is expected to have approximately $50 billion in U.S. assets and total assets of $212 billion.
Mercer buys $740 million Epstein & White
Seller of the San Diego-based firm describes Mercer leaders as 'Batman and Batman.'
Advisers scramble to make sense of recent market volatility
As broad market indexes continue to decline, giving back most of the gains they've made so far this year, advisers say clients are growing fearful of a repeat of March 2020.
PE firm Merchant buys stake in Axiom Financial Strategies
The deal shows that private equity investors are starting to move down-market to invest in smaller registered investment advisers.
Abacus Wealth merges with social justice RIA Robasciotti & Philipson
Co-founders of the RIA Rachel Robasciotti and Maya Philipson will not work with clients at Abacus and will largely spend time managing their ETF. The firm reported $130 million in assets under management.
Demand for RIA talent drives compensation higher: Schwab
Latest benchmarking study shows compensation representing 74% of RIA expenses and growing by 4% annually.
Two top B-D executives behind SPACs to buy RIAs and fintechs
Mark Casady and Larry Roth are longtime leaders in the independent broker-dealer industry
RPA SageView weighing a sale: sources
The company, which manages more than $100 billion in retirement plan assets, could attract extremely high bids from private equity firms, sources said
Free financial planning apps enter the equation
The tools provided by big players like Fidelity and Schwab are a plus for investors just starting out, but what do they mean for smaller advisory firms?
Captrust expands to Colorado with purchase of female-led RIA
$785 million Denver-based Shine Wealth Partners will rebrand as Captrust
Record increases in assets and job growth for RIAs
Total assets under management were $97.2 trillion, a 16.2% jump from 2018, according to the Investment Adviser Association
RIAs relish the idea of government gridlock under Biden
Divided government is what the financial markets want most
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
