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.
Also in the West Coast, San Francisco-headquartered Parallel Advisors has bolstered its leadership with two executive hires.
Eddie Brown from Pathstone discusses his "energizing" first six months as CGO, the biggest hurdles confronting family offices today, and the "inside out game" of growth.
Torrance, California-based EP Wealth welcomes a $900 million team in Idaho as Merit adds its first office in Utah.
The $1 trillion RIA is getting serious on inorganic growth as it welcomes the M&A veteran for a dedicated leadership role.
With an impressive industry history, he will succeed Richard Rock.
The big three custodian is unveiling new reporting features, UMA functionalities, and a new advisor growth network, along with other updates at its flagship conference.
The privately held bank has onboarded an experienced veteran as it looks to boost support for UHNW clients and the wealth firms in its extended network.
The RIA behemoth overseeing more than half a trillion dollars in client assets is adding to that book with a $1.4 billion firm focused on pro athletes in New York.
With over 600 clients, the $71 billion RIA acquirer's latest partner marks its second transaction in Oklahoma.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work announces an expanded partnership.
