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Creative Planning’s Mallouk sees softening valuations driving more RIA deals
Creative Planning's third completed deal of the year, for Boston-based Ferris Capital, adds $755 million to its wealth management footprint.
Independence by any path is still independence
There’s no universally correct direction for every breakaway to take. What works for some may not be the right solution for others.
Promises of student debt forgiveness put advisers in uncharted territory
The moving target of potential debt forgiveness, coupled with an extended payment moratorium, has advisers reading the political tea leaves for direction.
Fintech unicorn Vise partners with Morgan Stanley alum’s new RIA aggregator
Vise, a startup that provides advisers with custom indexing and automated portfolio management, is looking to boost growth by partnering with a new RIA aggregator.
Creative Planning, Schwab, Fidelity fighting adviser’s collusion charges
The firms named in the adviser's complaint go to 'corrupt and malicious lengths ... to keep their illicit profit mill churning,' according to the lawsuit.
Cresset, Meristem merge to form $27 billion multifamily office
Once the deal closes, which is expected to occur within 30 days, the combined firm will have offices in 15 locations across the country.
Recession threat takes center stage
Financial advisers scramble to keep clients on track as markets drive lower, inflation climbs and an economic slowdown seems unavoidable.
Morgan Stanley’s Parametric moves the wirehouse into ETF management
Two filings show that Parametric is moving beyond its current focus on separate accounts and direct indexing to subadvise strategies for Innovator ETFs.
No longer ‘annuicide’: How insurance products are reaching the fee-based channel
RIA Lab session looks at the insurance industry's evolution toward providing custodial-like relationships with advisers.
Consumer groups call for SEC probe of RIAs’ use of mandatory arbitration
RIAs aren't adequately disclosing arbitration clauses in client contracts and are forcing clients into expensive dispute forums, the groups said.
SEI plants its flag in ETF land with factor-based strategies
The four exchange-traded funds are well-timed given the current market environment.
Mariner buys $612 million Michigan RIA
The deal for Emerson Wealth, which is based in Bloomfield Hills, gives Mariner its second office in the Detroit area.
Thinking about selling your RIA firm? Recent sellers share 3 key considerations
Perhaps the biggest concern for RIAs contemplating a sale is how it would affect their employees and clients.
SEC bars Michigan adviser who stole $314,000 from elderly client
Steven F. Muntin, 57, had his own independent RIA, Executive Asset Management Inc., which had $26 million in client assets, according to the SEC.
2022 is ‘slower year’ for RIA M&A: CI Financial’s MacAlpine
'We’ve absolutely slowed down the pace of the acquisitions,' the CEO said Thursday morning on CI Financial's first-quarter earnings call.
Raymond James rolls out new option for fee-only advisers
The firm’s Corporate Registered Investment Advisor model provides support and resources for independent adviser representatives who are exclusively fee-based.
CI Private Wealth applies for trust company charter in South Dakota
The move will allow CI Financial to provide trust solutions to high-net-worth and ultra-high-net-worth clients.
Carson acquires $800 million team in Connecticut
Karn Couzens & Associates is based in Farmington and led by Robert A. Karn and Jeffrey P. Couzens.
As market sell-off continues, financial advisers are searching for answers
Advisers are hoping the worst is over and trying to keep clients focused on the long term.
Merit Financial Advisors’ latest deal establishes presence in Oklahoma
The acquisition of $370 million Union Financial Advisors, based in Tulsa, marks Merit's sixth deal since taking private equity capital two years ago.
