Exencial Wealth Advisors, an Oklahoma City-based registered investment adviser managing $2.1 billion, will acquire Willingdon Wealth Management, a Huntersville, N.C.-based RIA managing $800 million. The acquisition is expected to close June 1.
Willingdon’s 16 employees will join Exencial.
Mike Kayes, founder and president of Willingdon, will serve as managing director for Exencial and remain a member of the executive leadership and investment teams.
Voya Financial adds private equity, credit and real estate options to its AMA program, building on support for looser federal investment rules in retirement accounts.
Shannon Reid, president of Osaic and the network’s number two executive, has plenty of challenges, industry executives said.
Auditors flagged the commingling. The COO allegedly knew. Investors kept getting the pitch
The advisors on the move include two brothers leading a family practice in Connecticut, and a husband-and-wife tandem working with business owners in the West Coast.
Business owners and their heirs may be making assumptions instead of having conversations, creating challenges for succession planning, according to new research.
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
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
