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Ex-Wells chief Kowach’s new firm buys Tennessee broker-dealer
The firm, Wiley Bros.-Aintree Capital, is based in Nashville and has been in business since 1945.
$4.5B team from Bank of America Private Bank joins RIA
The five-member team joining Fidelis Capital will operate from an office in Washington, D.C.
Focus Financial Partners eyes new growth as $7B take-private completes
The firm has been acquired by Clayton Dubilier & Rice and Stone Point Capital affiliated funds.
Years of planning come to a head as Schwab’s TD migration approaches
InvestmentNews gains behind-the-scenes access to gauge the mood of execs and advisors as firm prepares to transition 7,000 RIAs and nearly 4 million client accounts.
What kind of relationship do you and your acquirer have?
What's becoming evident is how tricky it is for wealth management firms to make the right match.
RIA with $950M AUM to join Pensionmark amid wealth management growth
World Insurance Associates' retirement specialists unit is growing its national footprint and wealth management focus.
Goldman retreat from RIA market shows pitfalls of chasing varied clients
Bank's decision to refocus on super-rich shows how tough change can be for an institution like Goldman, say industry sources.
Goldman to sell RIA group to Creative Planning
The RIA unit, with about $29 billion in assets, was known as United Capital when Goldman acquired it in 2019.
Farther co-founder says technology can push RIAs past complacency
'I want our industry to think big,' Brad Genser says.
LPL to gain Prudential’s $50B wealth management business
LPL has been picking up steam in working as a back-office platform for banks, credit unions and insurance companies.
SEC adopts rules to boost oversight of private-fund advisors
Quarterly reporting and an annual audit 'could eat into returns and be borne by investors.'
David Canter stepping down as president of Bluespring
Canter joined Bluespring only a year ago after spending nearly 13 years at Fidelity Investments.
Hightower firm expands in Washington with $470M team
Highland Private Wealth Management's acquisition takes its AUM to $1.9B.
Altruist vs. Altruist: An RIA claims digital custodian violates his trademark
Michigan RIA owner says case is a 'true David and Goliath situation' and that company name has caused significant confusion in the market.
Are LPL and Osaic in the hunt for the old United Capital?
One analyst pegs the purchase price for Goldman's RIA in the range of $270 million to $360 million.
Titan hit with $1 million penalty in ‘perfect compliance cocktail’
Compliance experts have their say after SEC's first enforcement action based on new marketing rule highlights dangers of hypothetical-performance ads.
Joe Duran returning to the RIA game
Duran's United Capital sold to Goldman Sachs in 2019 for $750 million in cash.
Advisor movement declines 16.6% over first half
The total of 6,757 advisors moving between advisory and brokerage firms in the first half is the lowest level seen in the data, which go back to 2009.
Goldman Sachs considers selling part of wealth business
Potential sale of RIA unit comes with CEO David Solomon’s acumen and character under the spotlight.
Tsunami of new rules bears down on advisors
With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.
