Displaying 4554 results
Fidelity Institutional adds new head of client growth
Rohit Mahna will report to Mike Durbin and fills the spot vacated in June by Sanjiv Mirchandani, who took part in Fidelity's sweeping buyout offer.
Prospera leaps into the acquisition game with Dorsey deal
With just two deals under its belt after nearly 40 years in the business, the $16 billion Dallas broker-dealer and RIA is ready to become more active in the M&A space.
Private equity expands beyond US wealth management
Merchant Investment Management has purchased a stake in Brainvest Wealth Management for international exposure.
Wescott Financial buys $800 million niche practice
Wescott Financial Advisory Group will swell to $3.5 billion under management with the addition of Asset Planning Services, which specializes in working with execs from Merck & Co.
Rich clients get more ‘S’ options at $8 billion firm
Seattle-based Laird Norton Wealth Management is working with Calvert and Parametric to design to equity strategies that emphasize social issues.
Captrust buys $2.2 billion Rinet in 8th deal this year
Rinet executive says $2.2 billion in AUM is no longer enough to be competitive in the fast-consolidating RIA market.
ETFs take center stage in 2021
Record net inflows are just a part of the story. ETFs continue to take market share of mutual funds by doing more for less.
Northeast RIAs see growth bounce back in 2021
After a trying 2020, large Northeastern RIAs saw growth this year rebound to 8.8%. The InvestmentNews annual review of RIAs by region includes firms with $100 million or more in assets.
CI Financial to acquire $6 billion RegentAtlantic
The acquisition of the New York-based RIA marks the third largest transaction for the Canadian buyer, which has grown to more than $100 billion in U.S. RIA assets in two years.
Ritholtz, WisdomTree launch crypto index separate account
Riding the direct indexing wave, the WisdomTree Crypto Index is designed for advisers but could also offer direct access for retail investors.
Insurance network for RIAs says MYGA is the future for annuity sales
DPL added 11 more multi-year guaranteed annuities, or MYGAs, to its commission-free marketplace, which previously included a single product in that category.
Helping investors cut through the noise of ESG investing
Despite record-level asset flows into ESG strategies, the category is still saddled with a reputation it has long outgrown.
Hightower firm acquires a $340 million RIA
Lexington Wealth Management is adding Thompson Wealth Management, which is also based in Massachusetts.
Mariner buys $393 million Phoenix-based firm
The deal for Robinson Tigue Sponcil is Mariner’s 10th transaction this year.
CI Financial adds $615 million Matrix Capital Advisors
Starting from scratch two years ago, the Canadian aggregator has amassed nearly $100 billion in U.S. RIA assets. Total assets globally are anticipated to reach $271 billion when all current pending deals close.
Hightower bulks up in Illinois with $700 million RIA
The Chicago aggregator will seal the deal with Clear Perspective Advisors by year end.
Creative Planning acquires $800 million Illinois firm
The Oak Brook-based Dashboard Wealth Advisors was founded in 2013 by Scott Schuster, who has known Creative Planning CEO Peter Mallouk since their grade school days.
Focus Financial adds $585 million Alley Co. to its ranks
The latest deal by the New York-based RIA aggregator follows a trend of firms wrapping up deals before year-end.
The evolution of the advising business
The industry is consolidating amid an explosion in mergers and acquisitions.
Biden’s tough tax talk fuels record M&A activity
The threat of higher taxes in 2022 is giving RIAs another reason to make a deal before year-end, while the lingering Covid-19 pandemic is forcing financial advisers to focus on succession planning.
