The latest powerhouse group to leave Osaic is moving at an interesting time, with Commonwealth is set to be absorbed by IBD behemoth LPL.
In its first move since selling a majority stake to HPS Investment Partners, Lido Advisors has acquired Michigan-based Exchange Capital Management. The deal comes as HPS prepares to join BlackRock, a major step for the world’s biggest asset manager expanding into the RIA space.
Multi-billion-dollar firms announce changes to management.
With experience from Fidelity and Schwab, Hanau will support the newest pillar of its Wealth Hub framework covering independent RIAs, W-2 employees, and its supported independence model.
Carson Wealth is strengthening its Colorado presence, while Bluespring's move in Texas will create a new $1.4 billion firm.
"This legal proceeding is about accountability and safeguarding ... the ethical standards our industry relies on," said Falcon Wealth CEO Gabriel Shahin, as the RIA accuses ex-employee Nicole Amore of misusing client data in her transition to Parallel Advisors.
CEO Jim Dickson said the two women leaders' hiring marks "a defining moment" for the Minneapolis-based RIA growth accelerator.
Against a backdrop of non-stop trade policy changes, planning professionals and leaders share their clients' experiences and the strategies they're using to adapt.
Leading with competence and empathy, the best independent advisors have built strong client relationships with communication and investment knowledge, among other hallmarks.
The Democratic front-runner says some of his closest challenger's key promises could push the richest New Yorkers to take flight to lower-tax jurisdictions.
The $287 billion RIA behemoth's newest leader, with experience from Capital Group and BlackRock, will lead its workplace, employee planning, and wealth planning businesses.
With nearly half of respondents expecting equities to outdo other asset classes, advisors are seeing more opportunities to engage meaningfully with clients.
New data from F2 Strategy shows 95% of RIAs are using AI - four times the adoption rate of banks. Trust companies account for 90% of firms not using AI, raising alarms about their ability to stay competitive.
The transaction will see ownership of Wealthcare switch from NewSpring Holdings roughly 12 years after the private equity company made its investment.
LPL has closed 56 deals in its succession program, using $690 million of capital, according to William Blair analyst Jeff Schmitt.
As more RIAs seek support on portfolio strategy and macroeconomic trends, AllianceBernstein says its dedicated RIA unit sales have increased 113% since 2023.
Also, New York-based Withum Wealth Management has named a 45-year veteran professional to fill a C-suite role.
"We are making sure to pivot away from companies disproportionately exposed to the lower-end consumer," says F.L.Putnam's Ellen Hazen, as her RIA's investment strategy prepares to react to proposed cuts to medicaid and SNAP.
And they'll definitely need your help with the more complex accounts.
The private capital provider looks to make good on its promise as a lifecycle partner to advisors as it hires the former M&A head at Hightower Advisors.
