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Over a third of US advisors plan to retire within 10 years
Succession planning is critical, as advisors 55 and older account for 42 percent of head count but 57 percent of assets, Cerulli found.
RIAs to have a rollicking year
In the wake of Fisher Investments deal chatter, 2024 will likely be studded with significant transactions involving registered investment advisors.
Cambridge launches fee-only RIA
BridgePort Financial Solutions can provide smaller RIAs with support in areas such as technology, practice management and outsourcing.
Mercer adds $275M RIA in Iowa
The deal for River Glen Wealth Counselors adds to the firm’s presence in the central U.S.
Advisor Group hires Dynasty co-founder Ed Swenson to lead RIA channel
The independent broker-dealer is developing different channel strategies as part of its rebranding, and RIAs are a big part of that.
Hightower adds $1.6 billion TC Wealth Partners
The deal, which closed Dec. 31, includes the acquisition of Trust Company of Illinois, which is a subsidiary of Chicago-based TC Wealth.
Digital client acquisition fuels growth at top RIAs: Schwab
As a result of increased digital business development, 68% of all advisers met or exceeded their client growth goals.
Focus Financial notches two more acquisitions, bringing 2021 total to 15
The $250 billion RIA aggregator is adding Sonora Investment Management in Tucson, Arizona, and Collins Investment Group in Rockville, Maryland.
The Colony Group acquires $2.8 billion New Providence Asset Management
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.
Betterment rolls out a prepackaged tech stack for RIAs
Betterment tapped RIA in a Box, RightCapital, and Wealthbox to provide new and breakaway RIAs a predetermined tech stack.
Schwab-TD integration on track with more layoffs expected: Bernie Clark
Head of Schwab Advisor Services Bernie Clark gave progress updates, while unveiling the firm's annual Independent Advisor Survey Outlook. Results showed sweeping adviser optimism and lessons learned from 2020.
Wealth Enhancement Group buys $1.4 billion Hoover Financial Advisors
This marks the second major deal since March for the $35 billion RIA, and it's a sign of more to come, according to CEO Jeff Dekko.
Niche financial planning seen as the next frontier
As fee-based advice becomes a commodity, more RIAs are finding opportunities to target specific types of clients. Niche planning is easier for advisers who are just starting out because it doesn’t mean screening out some existing clients.
Private equity digs heels into RIA industry
Private equity investors are keenly interested in RIAs for their recurring revenues, good margins and low capital expenditures. By most accounts, mergers and acquisitions of RIAs continue to be close to record numbers for the past several years.
CI Financial buys $5.1 billion Dowling & Yahnke
The deal marks the 18th RIA transaction in the U.S. for the Toronto-based aggregator. The transaction is expected to increase CI’s total U.S. assets to $63 billion, and to $230 billion, globally.
Biden tax talk seen driving RIA M&A activity
The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.
Capital Group launches practice management platform for advisers
The new tool, called PracticeLab, is similar to the services advisers are getting from custodians and other business partners.
CI Financial buys $4.7 billion Brightworth for third deal of 2021
Less than a week after notching its 15th deal in as many months, Toronto-based CI Financial announced the acquisition of an Atlanta-based RIA with $4.7 billion in client assets.
CI Financial notches 15th RIA acquisition in as many months
The Toronto mega-buyer continues to gobble up U.S. wealth managers at a record clip. Once the deal closes, CI is expected to have approximately $50 billion in U.S. assets and total assets of $212 billion.
Mercer buys $740 million Epstein & White
Seller of the San Diego-based firm describes Mercer leaders as 'Batman and Batman.'
