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Don’t say ‘No’ to the ‘O’
InvestmentNews is no longer spelling “adviser” with an “e” but has aligned with the common usage of the industry by adopting “advisor.”
Prime Capital buys sustainable investment RIA
North Carolina-based Earth Equity Advisors is a certified B Corporation and specializes in fossil-fuel-free portfolios.
EP Wealth acquires Maine firm managing $347 million
The acquisition of Cribstone Capital Management was EP Wealth's sixth deal of 2022.
Focus Financial partner deal expands access to alternative investments
Chicago firms Kovitz and Origin will combine real estate investment expertise, creating greater access across the Focus network.
Alvarium Tiedemann shares drop on first day of trading
The Tiedemann/Alvarium merger had been cited as a standout by industry observers because of its focus on high-net-worth investors.
Alera Group continues aggressive acquisition pace with $2.8 billion deal
The purchase of Virginia-based Ascent Group keeps Alera on track to meet its goal of reaching $10 billion in AUM this year.
Kingswood recruits 15 financial advisers in fourth quarter
The additions bring 2022 total recruitment to 21 advisers who supervise more than $943 million in assets.
UBS ushers in $220 million Wells Fargo rep
Garth Allan, who joins the firm in Newport Beach, California, delivers personalized investment planning and comprehensive wealth management advice.
Stock pullback has more advisers diversifying away from asset-based fees
As account balances shrink in stride with the financial markets, RIAs are increasingly embracing flat-fee pricing.
Thank you, 2022, from InvestmentNews
I’m grateful to have led the remarkable team at InvestmentNews as editor-in-chief in 2022, and we have great expectations for 2023.
Dynasty IPO is still in the cards, Shirl Penney says
Despite Dynasty's sales of minority ownership stakes to Schwab and a private equity investor, a public stock offering is still the best long-term strategy for the platform, the CEO says.
Wealth Enhancement Group adds $523 million hybrid
BFS Wealth Management is a hybrid RIA in Iselin, New Jersey, and will be Wealth Enhancement Group's 12th office in the tristate region.
Robertson Stephens acquires two RIAs
The deals add $370 million in AUM through LFS Wealth Advisors, Vodia Capital.
A rare gloomy outlook on the future of RIA M&A
A DeVoe & Co. report shows buyers and sellers are worried about the impact of the equity markets and overall economy on RIA valuations, which could drag down the pace of deal activity.
Spouting Rock to acquire Stewart Asset Management
The existing Stewart investment team, including founder-strategist Bill Stewart, will stay on after the acquisition.
Edelman acquires $210 million California RIA
Erman Retirement Advisory, which was founded in 2000 by Howard Erman, serves more than 200 clients.
Advisory firm valuations are dropping
Falling markets are cutting firms' revenue tied to AUM at the same time rising interest rates are making it more expensive for buyers to finance deals.
An adviser who zooms in on OnlyFans stars
Jessica Goedtel is building an advisory practice where people who earn a living via online platforms like OnlyFans feel welcome.
Hightower Bellevue merges with local $350 million RIA
Sovereign Wealth Advisors has been providing wealth management and financial guidance across the Pacific Northwest for more than 30 years.
Nontraded REIT chickens come home to roost at wirehouses, RIAs
The liquidity issue is squarely in the laps of financial advisers who have never had to deal with the difficulties posed by nontraded REITs before.
