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FDIC moves bid deadline for Silicon Valley Private Bank to Friday
Bids are also still due Friday for the so-called bridge bank that the FDIC set up this month to seize the assets and liabilities of Silicon Valley Bank.
GeoWealth investment platform expands down-market with deal for First Ascent
The First Ascent Asset Management TAMP will operate as a separately branded subsidiary of GeoWealth.
Mariner acquires $221 million South Carolina wealth firm
Greenville-based Goldfinch Wealth Management will be Mariner’s first office in the state.
First Republic hiring spree focused on these four firms
Almost half the financial advisors hired by First Republic since 2010 came from Wells Fargo Advisors, J.P. Morgan Securities, UBS Financial Services and Morgan Stanley.
SEC charges advisor with failing to disclose annuity commissions
The attorney for Massachusetts-based Jeffrey Cutter fires back at SEC, saying the agency is 'flat out wrong' and accusing it of trying to 'get a toehold into regulating the insurance industry.'
IAA renews push for bill to ease regulatory burdens on small advisors
The trade association is seeking to change the basis for the SEC's definition of 'small' from assets under management to another metric, such as employees.
Bitcoin enjoys 32% rally in wake of banking crisis
As crypto takes center stage, the Digital Asset Council of Financial Professionals announces it's rolling out an expanded version of its certification for blockchain and digital assets.
Silicon Valley Bank wealth management sale could be quick
There are rumors that several large, well-known aggregators of RIAs are circling SVB Private and its $17 billion in assets.
As RIAs chase scale, smaller practices will scramble to stay relevant: Report
Research from Advisor Growth Strategies sees smaller firms facing increased pressure to grow or specialize to meeting rising client expectations.
Custody newbie Altruist claims No. 3 spot with SSG acquisition
In less than two weeks, Altruist's custody business grows from zero to more than 3,000 RIA clients, with only Schwab and Fidelity having more RIA relationships.
A financial planning lifeline for those caring for people with disabilities
Rivent Partners has carved a niche at the intersection of affluence and social programs.
First Republic Bank shares slammed in Silicon Valley Bank fallout
The bank has been investing heavily in its wealth management group for more than a decade.
Bank failures spotlight cash management platforms
Financial advisors look for creative ways to keep client cash accounts from going over the $250,000 limit on FDIC coverage.
Buyers will line up for Silicon Valley Bank wealth management: Banker
The unit has $17 billion in client assets, which includes high-net-worth clients the bank acquired with its 2021 purchase of Boston Private.
Catchlight delivers prospecting fintech to Advisors Excel
The firm provides marketing services to more than 500 independent advisors; its affiliated RIA, AE Wealth Management, will make the tool available to its advisors.
Prime Capital buys Nevada RIA with $400 million in AUM
Reno-based Cornerstone Comprehensive Wealth Management is led by Christopher Abts and has 10 employees.
Pursuit of scale pushes $5.8 billion Monroe Vos into welcoming arms of Captrust
The co-founder of the Houston-based registered investment advisor said $6 billion in size isn't what it used to be.
Allworth adds two teams with a total of $577 million in assets
An Indianapolis-based trio overseeing $417 million is joining from One To One Financial Advisors, along with a pair of Las Vegas-based advisors managing $160 million.
Sanctuary fired CEO Dickson over alleged conduct issue
But the allegations cited in Dickson's BrokerCheck report are not specific; Dickson had led the firm since 2018.
Creative Planning adds $1 billion Memphis RIA
Telarray Advisors, which has 18 employees, describes Creative Planning as a 'perfect match.'
