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Altruist raises $112 million to challenge Schwab, Fidelity
The Los Angeles-based custodian's latest funding round was led by Insight Partners and Adam Street Partners.
Economic realities dampen pace of RIA acquisitions
This is the first time since 2014 that first-quarter deal volume has declined from the same quarter a year earlier, according to data from DeVoe & Co.
Employees are a key piece of the succession puzzle
Along with price and client care, the process of integrating team members into the acquiring firm offers challenges as well as upside.
Financial advisors are jumping on the bull market bandwagon
As some of the worst performers of 2022 rebound in the first quarter, the outlook for the financial markets looks rosy.
Financial advisors ignore succession planning at their own peril
Experts detail the nuances of navigating ownership transition plans, and it's rarely a straightforward and easy path.
United Capital veterans launch RIA aggregator with big goals
Private equity-backed Modern Wealth Management aims to be a multibillion-dollar firm by year-end.
Rockefeller Capital sports $3.1 billion valuation with new investment
Rockefeller said it sold a 20.5% minority stake for $622 million to a Canadian investor, IGM Financial.
Custody, compliance and tech lay the foundation for going independent
An expansive network of platforms and services has evolved that's designed to support breakaway brokers.
As RIA industry swells, advisors discover pros and cons of growth
According to the latest report from Schwab Advisor Services, RIAs need to jump on the growth train in order to keep pace.
Steward Partners finds balance by adding Pershing custody alongside Raymond James
The addition of breakaway Ensign Wealth Partners, a $500 million RIA, pushes Steward's total custodial assets on the Pershing platform to more than $1 billion.
Wealth Enhancement Group acquires Equius Partners
The deal for Equius, an RIA based in suburban San Francisco with $1.1 billion in client assets, expands Wealth Enhancement Group's footprint in Northern California.
Team overseeing $1 billion moves to Cetera from Regulus Financial
Rohlik Financial, which is led by Brent Rohlik and Suzanne Holt, has offices in Minneapolis and Rockford, Illinois.
Fisher Investments becomes the latest example of high taxes driving people and businesses away
The $197 billion RIA is heading to Texas after Washington state refused to dial back a 7% tax on capital gains.
Schwab facing questions as investors start to unearth risks that have been hiding in plain sight
Firm faces pressure from bond losses and rising cash yields but executives say business is misunderstood and has enough liquidity.
First Citizens grabs SVB wealth unit as part of broader deal
The addition of SVB Wealth, which has close to $16 billion in client assets, will help First Citizens expand in the California market.
Financial advisors torn between trusting the Fed and trusting the bond market
The money flowing into Treasuries has some market watchers believing that the Fed's next move will be a rate cut, and that it could come as soon as June.
Fisher Investments moving headquarters to Texas from Washington state
Its decision follows a ruling Friday by the Washington State Supreme Court allowing the state to impose a capital gains tax.
Look before leaping onto platforms offering elevated FDIC-insured deposits
Fintech firms are falling over themselves to court cash deposits, with both Betterment and SoFi announcing expanded FDIC coverage over the past week.
Wealthspire Advisors acquires Heron Wealth
New York City-based Heron oversees $300 million in assets and is led by president David Edwards.
Sanctuary adds Morgan Stanley team overseeing $170 million
Columbus, Ohio-based Matthew Terwilliger and his team will operate as Iterhic Wealth Advisors.
