The $12 billion hybrid RIA Concurrent Investment Advisors will target RIAs between $200M-$500M in assets.
The giant clearing and custody firm doesn’t want to ruffle any feathers of select clients, one executive said.
The Las Vegas-based hybrid RIA overseeing $8.8 billion in assets has named Andy Kalbaugh president to help scale its advisor platform.
The acquisition of New York-based RIA Future You Wealth forms the foundation of NerdWallet Wealth Partners, a fee-only RIA targeting mass affluent investors with a maximum fee of 0.9%.
Indivisible Partners builds on its strategy to take turf in the independent space with its latest move in Colorado.
The new legislative proposal, which includes more aggressive cuts to Medicaid and a lower SALT cap, threatens a goal of passing President Trump's tax-cut legislation by July 4.
Bringing experience from Integrated Partners, LPL, and Edelman Financial Engines, the mega-RIA's newest leaders are set to build on the growth story playing out in its 1099 channel.
The deal for the Audax-backed RIA based in Boston gives Osaic a strategic foothold to attract more advisors and clients across the wealth spectrum.
"I'm just a big believer that based on demographics alone, we are looking at a 10-to-15 year bull market in M&A in the RIA and independent wealth space," said Michael Belluomini, SVP of M&A at Carson Group.
A new survey of independent and national advisors unearths top concerns, diverging paths for real estate and private market investments, and how advisor experience matters in the push for alternatives adoption.
Meanwhile, Kestra partner Coastline Wealth Management passes a milestone in its geographic expansion with a former Ameriprise team in New York.
Blue Anchor Capital Management and Pickett also purchased "highly aggressive and volatile" securities, according to the order.
The San Francisco-based RIA has its logo on the shirt sleeve of 23-year-old Riley Lewis as he makes his major championship debut, and plans to further leverage the golfer's cachet among clients and prospects.
A Merrill Lynch breakaway joins one of Sanctuary Wealth's East Coast partners as VestGen adds two promising young talents to its own advisor bench.
Transactions have slowed according to recent data as industry insider warns that the trip doesn't always match the brochure when minority investors come onboard.
According to a new Interactive Brokers survey, 42% of independent advisors are investing more in non-U.S. equities, while 40% are reducing client exposure to U.S. stocks amid growing concerns over tariffs and the national debt.
Previously managing $2.6 billion in assets, the new RIA led by veterans from Stephens and Goldman Sach is setting its sights on the ultra-high-net-worth and family office space.
The latest powerhouse group to leave Osaic is moving at an interesting time, with Commonwealth is set to be absorbed by IBD behemoth LPL.
In its first move since selling a majority stake to HPS Investment Partners, Lido Advisors has acquired Michigan-based Exchange Capital Management. The deal comes as HPS prepares to join BlackRock, a major step for the world’s biggest asset manager expanding into the RIA space.
Multi-billion-dollar firms announce changes to management.
