Memphis-based Gerber Taylor Capital Advisors oversees $13.8 billion in assets.
The Massachusetts Securities Division discovered the alleged illegal activities while investigating a complaint of exploitation of senior citizens.
The capital to purchase the $4.4B Los Angeles-based RIA came from private equity firm Leonard Green & Partners.
The upstarts will focus on a particular niche of the marketplace they feel is underserved, such as advisers with foreign clients or advisers focused on a particular investment approach.
Some firms mistakenly trim expenses too aggressively to lower their costs and maximize their earnings to attract buyers. It may seem counterintuitive, but the opposite approach can make a firm more desirable.
One option for advisers starting an RIA is to outsource in one fell swoop such responsibilities as custodial relationships, tech stack design and integration, client billion, tamp solutions and marketing expertise.
Boston Family Advisors has a narrow focus on wealthy families that have most of their assets invested in private equity and venture capital.
Aging owners and a lack of succession planning are driving the M&A activity, DeVoe says.
While the Fed continues to call inflation transitory and temporary, financial advisers are bracing for the reality of higher prices and lower yields.
Los Gatos, California-based Giordano Wealth Management was founded by Chris Giordano, who was previously affiliated with LPL Financial.
For the increasingly fee-based advisers at independent broker-dealers, the transition to the RIA model is likely to pick up speed in the years to come.
Bain Capital took a minority stake in Carson, one of the largest registered investment advisers in the country with more than $17 billion in assets.
Buyers are convinced they are acquiring businesses that are well-positioned to grow organically over the next several decades no matter what happens in the economy or markets.
By volunteering and sharing your passions, people get to talk to you and to know you, and when they know you, they are pleased to recommend you.
A new report from Carson Group taps into the knowledge of 59 female financial planning executives.
The Raleigh, North Carolina-based aggregator has grown to $60 billion under management and $600 billion under advisement, and claims "no end in sight."
Flows into exchange-traded funds have been unprecedented this year, even against the backdrop of a record 2020. Despite market valuations and inflation threats, financial advisers are keeping the pedal to the metal.
The $250 billion RIA aggregator is adding Sonora Investment Management in Tucson, Arizona, and Collins Investment Group in Rockville, Maryland.
The deal adds to what is already a record-breaking pace of consolidation in the RIA space, with 100 deals announced in the first six months of 2021.
Seeing an opportunity to cater to an often-overlooked segment of potential clients, one adviser has made Generation X women her true calling.
