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Robert McCann back in the financial advice industry
The former UBS chief was named co-chair of recently rebranded NewEdge Capital Group.
Mercer Global buys $238 million RIA
Wrenn Financial Strategies in Raleigh, North Carolina, is the firm's latest acquisition.
Mercer acquires $510 million Florida RIA
Naples-based Cordasco Financial Network was founded in 2011.
Providing financial advice to adult entertainers is this adviser’s mission
Lindsey Swanson leverages search engine optimization and 'in your face' messaging to develop an advisory niche among the 'stigmatized' world of adult entertainers.
RIA Summit Financial scoops up private bank’s wealth management assets
Fieldpoint Private will remain a private bank, and, as part of the new transaction, will offer its banking capabilities through the Summit adviser platform.
New Jersey team managing $315 million goes from Ameriprise to LPL
Liberty Point Advisors affiliates through Independent Advisor Alliance OSJ.
RIAs see M&A momentum gaining steam in ’22
As firms chase scale with bigger and bigger deals, RIA sellers are enjoying the ride of record-level valuations.
Creative Planning acquires $300 million Ohio RIA
Berno Financial Management was founded in 1993 and is based in Cincinnati.
Advisers find shelter from vax mandates at Christian RIA
Inspire Advisors recruits a $250 million duo from Financial Engines with promise that it will never require vaccines.
Hightower adds $1.6 billion TC Wealth Partners
The deal, which closed Dec. 31, includes the acquisition of Trust Company of Illinois, which is a subsidiary of Chicago-based TC Wealth.
Monte Carlo forecasts prove anything is possible — or not
With simulations showing extreme projected portfolio outcomes, some financial advisers won't even use Monte Carlo modeling for their younger clients for fear of looking silly.
Anti-woke strategies emerge as flip side of ESG
As investing becomes increasingly political, investors will have to balance good feelings against good performance.
Private Advisor Group reels in new investor capital
Merchant Investment Management is a private partnership that invests in growth companies and other opportunities. According to its website, Merchant Investment Management this year has focused on investing in the wealth management industry.
LPL Financial lands MML team managing $390 million
Sterling Wealth Group is based in Melville, New York and was formerly affiliated with MML Investors Services.
Beacon Pointe adds $678 million RIA
Pacific Edge Advisors constitutes a hometown acquisition for Beacon Pointe.
Schwab to offer T. Rowe institutional shares commission-free
Five years after competitor Fidelity launched its no-transaction-fee platform for institutional shares, Schwab is following suit in a similar deal with T. Rowe Price.
A mass migration of advisers
Burnt out by the grind of running a small business, many firm principals are merging with other firms and creating national brands.
MAI Capital acquires $558 million RIA
The principals of Charlotte, North Carolina-based Queens Oak Advisors, Leila Evans and Deems May, a former NFL player, will join MAI.
CI Financial notches 29th and 30th deals in record buying spree
The Toronto aggregator announced a twofer that combines for $10 billion in assets under management. The deals push CI’s U.S. footprint to $115 billion in assets.
Hightower adds $1.8 billion RIA in Kansas
The year-end buying binge continues as RIAs rush to close deals ahead of President Joe Biden's anticipated tax hikes next year.
