'We’ve absolutely slowed down the pace of the acquisitions,' the CEO said Thursday morning on CI Financial's first-quarter earnings call.
The firm’s Corporate Registered Investment Advisor model provides support and resources for independent adviser representatives who are exclusively fee-based.
The move will allow CI Financial to provide trust solutions to high-net-worth and ultra-high-net-worth clients.
Karn Couzens & Associates is based in Farmington and led by Robert A. Karn and Jeffrey P. Couzens.
Advisers are hoping the worst is over and trying to keep clients focused on the long term.
The acquisition of $370 million Union Financial Advisors, based in Tulsa, marks Merit's sixth deal since taking private equity capital two years ago.
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.
Merchant Investment Management continues to build up a portfolio of minority ownership stakes with the deal with $775 million, California-based Argos.
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.
The acquisition of Vantage Advisors, a St. George, Utah-based firm, expands EP Wealth’s existing footprint in Utah to three locations.
Mercer is acquiring HYA Advisors, an RIA based in Springfield, Missouri, as private equity money continues to drive RIA consolidation.
Asset-based pricing still dominates in wealth management, but the trend is moving away from charging clients based on portfolio size.
A passion for the work drives some financial advisers to stay on the job well past traditional retirement age.
A bill in Tennessee would eliminate a privilege tax levied on investment advisers. A proposal to tax financial advice was stopped in Kentucky.
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.
Aspire Holdings will hold the firm’s investments in RIAs as it pursues a plan to invest up to $300 million in the sector.
The three-person team in Santa Barbara, California, is led by Antonia LaRocca and operates as Saige Private Wealth.
Here are the four options that provide the highest level of freedom and control for advisers managing more than $500 million.
Building a more diverse workforce solves multiple challenges currently facing the wealth management industry.
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.
