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Rudy Adolf discusses Ukraine invasion on Focus earnings call
The Focus Financial CEO kicked off the firm's first-quarter earnings call by talking about Ukraine, which is the type of topic heads of U.S.-based financial services firms typically avoid.
Argos Wealth Advisors sells minority stake to Merchant
Merchant Investment Management continues to build up a portfolio of minority ownership stakes with the deal with $775 million, California-based Argos.
Mercer adds second $1 billion-plus RIA in as many days
The aggregator announced the addition of Sanford Advisory Services, a $1.1 billion firm based in Portage, Michigan, as private equity backing continues to drive acquisitions in the wealth management space.
EP Wealth Advisors acquires $349 million RIA firm
The acquisition of Vantage Advisors, a St. George, Utah-based firm, expands EP Wealth’s existing footprint in Utah to three locations.
Mercer Global Advisors adds $1.2 billion with latest deal
Mercer is acquiring HYA Advisors, an RIA based in Springfield, Missouri, as private equity money continues to drive RIA consolidation.
Advice-only fees gain traction as advisers opt out of managing client portfolios
Asset-based pricing still dominates in wealth management, but the trend is moving away from charging clients based on portfolio size.
The most seasoned advisers show no signs of slowing down — or retiring
A passion for the work drives some financial advisers to stay on the job well past traditional retirement age.
FSI, FPA fight state-level taxes on financial advisers
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
Despite big Q1, pace of RIA consolidation seen slowing in 2022
The 67 deals announced in the first three months of the year mark the second busiest quarter on record, but the data points to less activity over the remainder of the year.
HGGC forms new company to invest in RIA space
Aspire Holdings will hold the firm’s investments in RIAs as it pursues a plan to invest up to $300 million in the sector.
UBS team managing $270 million joins Sanctuary
The three-person team in Santa Barbara, California, is led by Antonia LaRocca and operates as Saige Private Wealth.
Independent paths for advisers managing more than $500 million
Here are the four options that provide the highest level of freedom and control for advisers managing more than $500 million.
Advisers searching for new and diverse talent should cast a wider net
Building a more diverse workforce solves multiple challenges currently facing the wealth management industry.
The 4 key drivers of RIA consolidation
Even if a prolonged bear market conspires with rising rates and valuations take a hit, the other factors driving M&A will continue to push more sellers into the market than we’ve seen in the past.
Integrated Partners affiliate buys firm
Fairfax, Virginia-based Integrated Financial Partners acquired Wagner Resources Group, an RIA based in McLean, Virginia.
Creative Planning adds $644 million in Keystone Wealth Partners deal
Keystone's team-based approach is described as having sealed the deal; the firm's 29 employees include advisers, attorneys and CPAs.
Simon Quick acquires $420 million RIA
Red Hook Management was a crosstown rival; both Simon Quick and Red Hook are based in Morristown, New Jersey.
Advisers buckle up for more market volatility
Trouble in the bond markets is moving investment portfolios well beyond traditional allocations of 60% stocks and 40% bonds.
CI Financial will file to take US business public
The US IPO will give the Canadian financial conglomerate another method to pay for its purchases of registered investment advisers, says CEO Kurt MacAlpine.
Private equity investors take stakes in CAIS, Mather Group
The steady flow of PE money into wealth management illustrates the bullish outlook for the industry's fee-based revenue streams.
