Starting from scratch just four years ago, Cresset Asset Management has now become one of the fastest growing RIAs with the acquisition of Berman Capital Advisors and its $4.7 billion in assets.
The agency alleges that Michael Shillin lied to clients, many of them elderly, about the value of their investments.
Cardinal Point Wealth Management targets Canadian snowbirds, but found a rich market of clients needing cross-border advice.
The combined company, called Alvarium Tiedemann Holdings, is shooting to have more than $100 billion in client assets in five years.
The new firm in Greenwood Village, Colorado, is called Nilsine Partners, which is a reference to the state motto.
The Planned Approach, managing $266 million, is joining Buckingham Strategic Wealth, a St. Louis-based RIA in which Focus owns a majority stake.
The two firms will use the SPAC, Cartesian Growth Corp., to form Alvarium Tiedemann Holdings.
The deal gives Salt Lake City-based Crewe entry into the Scottdale, Arizona, market.
Geier Asset Management does business as Winpoint Financial and, like MAI, it specializes in serving professional athletes.
The Toronto-based RIA aggregator is making a bigger commitment to the U.S. wealth management market.
The company's decision is in line with overall trends toward fee-based compensation but also hints at the influence of the SEC’s Regulation Best Interest on the 529 plan market.
NorthCoast Asset Management will become part of Cincinnati, Ohio-based Connectus Wealth Advisers.
The Canadian firm continues to gobble up U.S. wealth managers; its latest deal expands its presence in the San Francisco Bay area.
Five advisers from the Denver office of the firm's private bank make a move.
The addition of The Pinnacle Group, a $600 million Ohio-based RIA, marks the fifth deal by Mariner since it partnered with private equity investor Leonard Green & Partners in April.
Even though advisers don’t have to comply with the rule for more than a year, it ranked as the hottest compliance topic, according to a survey; cybersecurity and climate change/ESG were other areas worrying advisers.
2021 continues to see a surge of buying of RIAs from various kinds of acquirers.
Ancora Holdings, the parent of four firms, is based in Cleveland.
A husband-and-wife team runs Novak Financial Planning in Bel Air, Maryland.
Rainier Financial Group is the firm's first acquisition in the Pacific Northwest.
