Wealthspire Advisors, a registered investment adviser managing $10.6 billion, has agreed to acquire StratWealth, an RIA based in Maple Lawn, Maryland, that manages $1.5 billion. Terms of the acquisition were not disclosed.
StratWealth serves more than 900 families through three Maryland offices.
Wealthspire Advisors, which has offices in Potomac, Maryland, Reston, Virginia, and Philadelphia, is a unit of NFP, a New York-based insurance broker and consulting firm.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
