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Waiting too long can make your worst fears a reality
The primary reason RIA principals continue to run their own shops, rather than cashing out or offloading day-to-day responsibilities, has to do with fear.
Hightower buys Massachusetts RIA with $625 million in AUM
Lexington-based Bickling Financial Services, founded in 1984, has three offices across the state.
Alan Moore stepping down as CEO of AdvicePay to become full-time CEO of XY Planning
The 35-year-old co-founder of AdvicePay and XY Planning said he got the AdvicePay board's blessing late last year to make the transition.
Wealth Enhancement Group adds RIA managing $273 million
Falls Church, Virginia-based Washington Wealth Advisors is led by Maura Schauss and Todd Youngdahl.
Hightower unit TC Wealth acquires $800 million firm
Both TC Wealth Partners and the firm it purchased, EFG Advisors, are based in the suburbs of Chicago.
Rising rates, falling revenue will dramatically change RIA M&A activity in 2023
Look for independent broker-dealers flush with interest-rate revenue to emerge as credible threats to the mergers-and-acquisitions status quo.
Joe Duran’s Goldman two-step: Exiting as partner, staying to consult
As a consultant, Duran will focus on Goldman’s effort to become a leading custodian to RIAs, working with the head of Goldman’s RIA offering, Padi Raphael.
Direct indexing touted as client prospecting tool
The product can benefit any investor with a taxable account, not just the wealthiest clients, says a panelist at the ETF Exchange conference.
United Advisor Group debuts as a new RIA aggregator
The independent registered investment advisor has partnered with Goldman Sachs Advisor Solutions for its custody services.
Website helps investors cut through regulatory thicket to find advisors
As it enters its fifth year, Investor.com has been redesigned to make it easier for investors to digest a financial firm's disciplinary history and conflicts.
Advisors stepping up to bond ladders as Fed pushes rates up another quarter point
Spreading fixed-income exposure over several years of maturities provides predictable income in an unpredictable economic environment.
Bucking the trend: Why some advisors refuse to outsource investment management
As portfolio management becomes increasingly commoditized, advisors make the case for managing assets in-house and promoting that to clients as a unique value-add.
Focus Financial weighs $4.1 billion sale to private equity firm
PE firm Clayton Dubilier & Rice offered $53 per share for the RIA aggregator, adding fuel to the 24% rally in Focus' shares so far this year.
Goldman’s push into RIA custody gets going — finally
But it hasn't been all wins for the firm's efforts to compete in a market dominated by brokers like Charles Schwab Corp. and Fidelity.
The consolidation contradiction
Smaller firms can still flourish amid the rampant M&A activity, but they need to employ targeted client development and strategic outsourcing.
Wealth Enhancement Group acquires hybrid managing $371 million
Legacy Financial Planning has offices in Rochester and Oswego, New York, and Naples, Florida.
In ‘hell freezes over’ moment, American Funds pairs up with passive ETFs
The 90-year-old active management complex is launching 12 model portfolios that combine its active mutual funds with ETFs from Schwab, Vanguard and BlackRock.
Expatriate advisor finds a home and client base in France
Robert Levitt has traded Florida for the French Riviera, where he sees a wide-open market in the 250,000 Americans living there who need financial advice.
More advisors are jumping on the bitcoin bandwagon
With the cryptocurrency's price up 40% so far this year, a new report shows a doggedly bullish outlook among investors and advisors willing to look past extreme volatility.
Wisconsin advisor pulled $1.9 million fraud on clients
The advisor, Anthony B. Liddle, 40, was barred from the securities industry last June by the Financial Industry Regulatory Authority Inc.
