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Sluggish Q4 aside, RIA M&A on track for another record year
DeVoe & Co. expects 2022 to wrap up with 260 announced RIA acquisitions, which would represent an 8% increase over last year.
Big RIAs hit a new high: $3 trillion in assets in ’22
In all 4 regions, 3,006 RIAs reported $3.015.5 trillion in assets, compared to $2.493.5 trillion in 2021, according to InvestmentNews research.
3 new phishing attacks that will catch advisers off-guard
As more advisers work remotely and turn to messaging apps and social media to communicate, they’re exposing themselves to a higher risk of exploitation through impersonated and hijacked accounts.
Mariner to acquire $325 million California RIA
San Jose-based Hayes Financial will become the firm’s 11th office in the state.
Team managing $155 million moves to LPL from Cetera
Menninger & Associates Financial Planning, based in Norristown, Pennsylvania, will use the firm’s broker-dealer, RIA and custodial platforms.
RIA sellers advised to clean skeletons out of closet before approaching buyers
A more challenging M&A market triggers creative deal structures, more due diligence and selective buyers, according to panelists at the MarketCounsel Summit.
Lawmakers drop adviser AML provision from defense legislation
The Investment Adviser Association lobbied against what it called an 'overbroad' regulation for advisers whose business models don't create money-laundering risks.
Morgan Stanley rep managing $150 million opts for B. Riley
David B. Whitacre joins the firm in Chicago after a decade with the wirehouse.
Mercer acquires $850 million Michigan RIA
The deal for Ann Arbor-based Vintage Financial Services expands Mercer's presence in Michigan.
Hiring overtakes client growth for first time in Schwab study on RIA compensation
Eight in 10 RIAs planned to hire in 2022, with firms looking to fill an average of six new roles over the next five years.
Waverly Advisors acquires $186 million RIA
Wall Advisors was established in 1986 by H. Lee Wall, founding partner of affiliated CPA firm Wall Titus.
Advisers should brace for the relentless case for direct indexing
Despite lukewarm adoption by financial advisers, the financial services industry is committed to leveraging this crucial channel to get direct indexing in front of more investors.
Wealth Enhancement acquires $237 million RIA
Ginsburg Financial Advisors, founded in 1981, is based in Oakland, California.
Mercer Advisors acquires $5 billion RIA, Regis Management Co.
The addition of the ultra-high-net-worth multifamily office pushes Mercer's assets near $40 billion.
4 keys to preparing your firm for a transaction
Even if you have no plans to sell, taking these steps will mean you're running a better business.
Wealthspire Advisors to acquire Nevada RIA
The acquisition of Reno-based Sage Financial Advisors, which manages $194 million, will expand the firm’s presence in the West.
Perigon acquires $330 million RIA
Nauset Wealth Management, based in Westport, Connecticut, was founded in 2000 by Michael Lombardo.
Alternative investments manager Ballast Rock joins RIA game
Ballast Rock Private Wealth will operate independently of Ballast Rock Asset Management, but both firms focus on offering alts to wealthy investors.
Are semitransparent ETFs inadvertently creating a market for fully transparent ETFs?
After nearly a decade of fighting for regulatory approval of semitransparent ETFs, the asset management industry is realizing what investors really want.
Higher yields on cash give advisers another asset allocation tool
The Federal Reserve's fight against inflation has turned boring cash accounts into top performers.
