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Merit acquires Connecticut firms managing $277 million
Ceponis Financial Group and Brook Wealth Management are both based in Fairfield County.
Hightower acquires $1.2 billion RIA in Pacific Northwest
Highland Private Wealth Management in Bellevue, Washington, has 18 employees, including five advisers.
CI Financial shares lose value amid US deal spree
CEO’s radical remake was accompanied by the exodus of 13 portfolio managers, traders and analysts to the Bank of Montreal.
Wealthspire funds four scholarships to encourage CFP diversity
The New York-based RIA will provide four awards per year of up to $5,000 per student for individuals pursuing their CFP certification.
Dynasty Financial Partners signals IPO is still the plan
An updated filing with the SEC appears to squash reports that Dynasty is shelving its plans to go public.
$4 billion team breaks away from Wells Fargo Advisors to form RIA
A desire to act in the best interests of the firm's clients leads to launch of Moran Wealth Management in Naples, Florida, with 36 employees.
Top fee-only RIAs in 2022
As M&A boosts the size of registered investment advisers, here's a list of the biggest fee-only firms, based on the data they report on their form ADV to the SEC.
‘Wait, you can do that?’ 3 of the biggest eye-openers for breakaways
Here are some of the things about working as an independent adviser that may surprise those who've made the jump from a wirehouse.
Hightower leverages life of obscure artist to deliver message for women
A client event features the life and art of Suzie Zuzek, the woman who designed the fabrics used in Lilly Pulitzer's clothing line.
So your RIA has gone mega. Is it time to go public?
The wave of IPOs among mega RIAs has been building for years, but some in the industry wonder how many firms can weather the challenges of being a public company.
Massachusetts securities chief goes after single-stock ETFs
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
RIA M&A transaction with a fresh twist
As large broker-dealers look to play in the red-hot mergers and acquisitions market for RIAs, Advisor Group is investing along with its owner, Reverence Capital, in RIA Signature Estate & Investment Advisors.
Hedge fund snaps up LPL Financial shares
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
Team managing $2 billion splits from Ameritas
TFB Advisors spins off from Tax Favored Benefits as a new hybrid RIA, staffed by six advisers who had worked for years at Ameritas.
Creative Planning acquires $5 billion Wipfli Financial Advisors
The deal is the firm's third-biggest transaction to date, and CEO Peter Mallouk says M&A activity is ramping up because most RIAs aren't growing organically.
Fleming’s Rockefeller plans to double number of adviser teams
The firm, which currently has 85 teams, is focusing on growth in places that have seen influx of wealthy residents in recent years, such as Charlotte, North Carolina, and Austin, Texas.
UBS duo managing $770 million goes indie with Sanctuary
The pair have opened Marble Wealth in Montgomery, Alabama, and have been joined by Adam Rogers, previously a portfolio manager at Retirement Systems of Alabama.
Guiding pre-retirees through the emotional transition to retirement
Carson Wealth's Jason Juhl is tapping his retired clients to mentor those clients moving toward the 'next chapter.'
Private bankers from Wells Fargo, BofA form RIA
Startup Fidelis Capital has offices in Tampa and Dallas; the bankers advised on almost $6 billion in AUM at their former firms.
10 largest fee-only RIAs in 2022
As more advisory firms go fee-only and as RIAs grow, InvestmentNews Research has come up with a list of the biggest fee-only firms.
