'When was the last time you saw an article that said an RIA is going to a wirehouse?' asks Verdence founder Leo Kelly.
The deal is the third this year for the 50-year-old wealth management business.
But advisors say traditional AUM fees are still the primary model.
Do you have what it takes to make the prestigious list?
Engrave Wealth Partners, based in The Woodlands, has 10 team members.
Strong activity in the third quarter of 2023 continued into the fourth quarter.
Flourish aims to facilitate RIAs’ access to annuities.
Succession planning is critical, as advisors 55 and older account for 42 percent of head count but 57 percent of assets, Cerulli found.
Deal volume comes in above 300 again in 2023, with well-capitalized RIA acquirers dominating, according to report.
In the wake of Fisher Investments deal chatter, 2024 will likely be studded with significant transactions involving registered investment advisors.
In one of his last actions as CFP Board chairman, Daniel Moisand testified at last month’s hearings on the Department of Labor’s latest advice proposal.
The move combines wealth management and investment advisory under one name.
It's the firm's first announced deal of 2024 following 12 last year.
Founders say the Avise Financial platform puts ownership back in the hands of advisors.
BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.
The deal enhances the RIA's presence in Ohio and Northern Virginia.
The deal for River Glen Wealth Counselors adds to the firm’s presence in the central U.S.
The collaboration will enable greater tax optimization for Clearstead clients.
Latest deal will help expand the firm's reach and capabilities in the region.
Fee-only RIA completed its 11th deal of 2023 at the end of December.
