Leo Almazora
The North Carolina-based global asset manager is strengthening its custom SMA platform with new active and index strategies.
20 years of data show personalization benefits of managed account adoption, and opportunities for advisors to make an impact.
Joint research by Cerulli and Osaic shows growing momentum and bigger numbers behind teaming, though there are potential challenges.
The veteran hire will spearhead the wealth tech firm’s efforts to find expansion opportunities in a newly created role.
The distribution partnership will see the fintech carry a key product, allowing more advisors to oversee workplace retirement plans.
Cetera’s employee-based RIA’s second acquisition in 2024 brings six new employees and roughly $225M in AUM.
The two advisors are joining from Morgan Stanley and Merrill Lynch, where they collectively managed more than $500M.
The team, which reported managing $265M in assets at the broker-dealer, is the latest addition to LPL’s employee advisor network.
The wealth tech titan is tightening ties with Fidelity, BlackRock, Franklin Templeton and State Street to help advisors create tailor-made strategies.
The hybrid RIA’s latest addition brings over 40 years of collective experience and $500 million in client assets.
