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Advisors express caution, enthusiasm about being gatekeepers to private markets
Legislation recently approved by a House committee would deem the clients of investment advisors to be accredited investors.
How rising interest rates cushioned IBDs in a stormy 2022
Meanwhile, over the past decade, the top 25 firms have essentially doubled the amount of revenue they generate.
In 5 years, advice industry sees $835.3 billion in assets change hands: LPL
The welcome news for financial advisors in the report is that valuations for firms aren't necessarily based on how they choose to do business.
Liz Nesvold joins Cresset as president
Nesvold is exiting Raymond James to take on an expansive new role at Cresset's $30 billion platform.
Matt Sonnen joins Coldstream Wealth Management as chief operating officer
Sonnen, founder of consulting firm PFI Advisors, will work on improving Coldstream's back-office operations.
Bill to ease regulatory burden on small advisors sails through committee
The SEC's current definition of small advisors is 'antiquated,' which means the agency's regulations are not properly calibrated for such firms, the Investment Adviser Association said.
Dynasty Financial launches investment bank to capture a piece of the RIA M&A market
The new Dynasty Investment Bank will cater to buyers and seller regardless of whether they're part of the Dynasty partnership network.
Pathstone pushes past $80 billion with acquisition of Brainard Capital
Austin, Texas-based Brainard represents a key market for Pathstone's focus on family office services.
CI Financial cashes in big with sale of stake in Boston RIA
CI claims to have tripled its return on its original minority investment in Congress Wealth Management.
Sanctuary Wealth nabs $1 billion Merrill team
Chicago-based Burnham Harbor Private Wealth has four advisors.
Wealth Enhancement buys $1.1 billion Minnesota-based hybrid
New Era Financial Advisors has six advisors and offices in Wayzata and Hutchinson.
Allworth Financial adds $506 million Kansas-based firm
The purchase of Lawrence-based McDaniel Knutson Financial Partners is Allworth’s 28th deal in five years.
Advisors want to use alternatives. Here are 3 reasons they aren’t
The investments may fit the times, but lack of choice and transparency, and liability fears help explain why some are dissatisfied with the offerings.
Modern Wealth Management goes from zero to $1.5 billion with first deal
The private equity-backed aggregator launched by veterans of Goldman Sachs and United Capital has acquired Barber Financial Group, with $1.5 billion in assets.
Fidelity sees shifting dynamics among RIA buyers and sellers
Private equity is still hungry for access to wealth management and smaller firms are fine-tuning their pursuit of scale.
Showing up for showbiz folks
A big part of working with artists and entertainers is helping them keep their feet on the ground while they're reaching for the stars.
Farther surpasses $675M AUM as digitally native RIAs gain traction
A new generation of registered investment advisors are just building fintech themselves, since what's on the market falls short of the digital experience they want to offer.
Financial advisors wave the caution flag in client portfolios
Fidelity research shows a trend toward de-risking and an increased focus on diversification in the portfolios advisors build for their clients.
Atria buys Grove Point Financial from Kestra
Rockville, Maryland-based Grove Point has $15 billion in assets and roughly 400 advisors; it was known as H. Beck before Kestra acquired it in 2017.
How to avoid being fired by your clients
A Morningstar report shows most clients want to feel connected to their advisor beyond just their investment account.
