News

Wealth Industry Citizens Snags Northern Trust Duo in Florida ↗ Citizens Private Wealth has added 12 teams managing $10 billion at their former firms since 2024. The post Citizens Snags Northern Trust Duo in Florida appeared first on… AdvisorHub · 13:05 UTC Wealth Industry Florida's wealth boom spurs Orlando bank to start trust unit ↗ Cogent Bank has tapped an industry veteran to lead a new unit focused on ensuring high-net-worth clients can smoothly transfer assets to their heirs. Financial Planning · Aug/25 20:56 UTC Wealth Industry After dominating Forbes rankings for years, Morgan Stanley suspends participation over $6-million editor scandal -- forcing RIAs and wirehouses to weigh whether 'rented credibility' is worth regulator ↗ The New York City wirehouse seems to be alarmed by an unanswered question critics ask: How were Randall Lane's offenses bad enough to be fired, but not bad enough for full… RIABiz · Aug/25 18:56 UTC Wealth Industry $4 Billion UBS Private Wealth Team Jumps to Cresset in Florida ↗ The 16-person team is led by Michael A. Bober and Ettore D. Ventrice. The post $4 Billion UBS Private Wealth Team Jumps to Cresset in Florida appeared first on AdvisorHub . AdvisorHub · Aug/25 18:16 UTC Wealth Industry People Moves: $5.7B Prosperity Replaces President With Tax Firm Executive ↗ In other people moves, LPL lures a technology leader from Wells Fargo, U.S. Bank hires private banking chief, alternatives manager Barings names U.S. wealth head, and Northern… WealthManagement.com · Aug/25 15:09 UTC Wealth Industry RIA Edge Podcast: Connecting Workplace Retirement and Wealth Planning with Ralph Haberli ↗ Edelman Financial Engines' Ralph Haberli discusses converting retirement plan participants into wealth clients while using AI to scale personalized advice. WealthManagement.com · Aug/25 11:39 UTC Wealth Industry As Wells Fargo cut services, this founder built a firm with frustrated private bankers ↗ Rick Simonetti knows it's not easy recruiting private bankers and then moving their clients and assets. That hasn't stopped him from building Fidelis Capital into a $3 billion… Financial Planning · Aug/24 13:00 UTC Wealth Industry Ask an Advisor: How did you land your first high net worth client? ↗ Getting a foot in the door to the high net worth market can be a challenge, but there are any number of ways in. Six advisors shared how they landed their first high net worth… Financial Planning · Aug/21 19:54 UTC Wealth Industry Q&A: AE Wealth’s President on Building the Advisor Experience Layer ↗ New President Shannon Larson plans to scale the RIA through organic growth, enhanced technology and expanded services for advisors working with high-net-worth clients. WealthManagement.com · Aug/21 16:27 UTC Wealth Industry How Baker Street Advisors Built a $21B RIA Through Organic Growth, Client Focus ↗ Baker Street Advisors sold a majority stake in 2015, but rather than become a serial acquirer, the San Francisco-based RIA focused on client commitment, referrals and homegrown… WealthManagement.com · Aug/21 13:38 UTC Wealth Industry Sloppy books, dirty data can undermine RIA sales or mergers ↗ Two experts in mergers and M&A sales explained how and why RIA owners need to clean up their data, get a formal valuation and figure out other technical questions before they make… Financial Planning · Aug/20 21:25 UTC Wealth Industry A tool for finding RIA values — and plenty of ways to boost them ↗ With its Estimated Value Index, the valuation expert FP Transitions seeks to give RIA owners a leg-up in knowing just what their firms can most likely fetch in a sale. Financial Planning · Aug/20 21:24 UTC Wealth Industry The IPO Wealth Wave Has Just Begun. Most Advisor Platforms Aren’t Built for It ↗ An IPO isn’t the finish line. It’s the beginning of an entirely new set of financial complexities, particularly for clients crossing the $20 million threshold into… WealthManagement.com · Aug/20 19:14 UTC Wealth Industry Salim Ramji (strategically) bends to the will of RIAs by allowing them latitude to remodel Vanguard model portfolios and let three favorite RIA partners -- Orion, Black Diamond and Vestmark — get a cu ↗ The Vanguard CEO goes perhaps outside the letter of 'Bogle' law but stays with controlling principle of having a 'Vanguard effect' of what could be a slam-dunk better value. RIABiz · Aug/19 12:51 UTC Wealth Industry Raymond James poaches top Schwab RIA custody exec, as LPL, Cetera put pressure on IBDs to get RIA-hybrid competitive ↗ Schwab RIA custody exec Elyn Davis lands at Raymond James where she'll lead 'client experience' as hybrid-RIA battle heats up among major IBDs. RIABiz · Aug/13 03:08 UTC Wealth Industry No-constraints Corient's $21-billion RIA buy -- right after three deals closed with $19 billion -- is more of a harbinger than a harvest, says CEO, as integration completions coincide with deal closin ↗ Corient whets its appetite buying Seven Bridges' $5 billion and $8 billion business in Tulsa and $5 billion Vivaldi in in recent months; lightening integrations -- and 'permanent… RIABiz · Aug/06 03:18 UTC Wealth Industry Orion and Goldman Sachs deepen their two-way custody and tech ties with a new AI onboarding tool, but shared large RIA clients may still prefer to build their own API pipes ↗ The $6.6-trillion Omaha RIA outsourcer and the emerging RIA custodian have vast advantages over each other but also have a growing affinity. RIABiz · Aug/01 01:42 UTC Wealth Industry Vanguard takes first step to democratize private investments with 'soft' launch of branded funds – so soft Merrill Lynch and BoA private bankers get exclusive rights to sell them – RIAs are cut out, f ↗ The 'RIA community' may still get a crack at the Wellington-Vanguard-Blackstone funds at some future date, the release hints, but the exclusive arrangement will hold for… RIABiz · Jul/25 11:42 UTC Wealth Industry Schwab CEO ties his firm's blowout RIA custody asset quarter to Fidelity's long/short fund rethink; a big household halo multiplied the effects of the popular and controversial products ↗ Rick Wurster says the 99% year-over year Q2 net-new RIA asset growth traces to Schwab's punching the gas on long/short goods as Fido pumped the brakes. RIABiz · Jul/23 15:42 UTC

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