The owner of an Indianapolis-based RIA that chiefly serves dentists says his decision to sell his practice to Focus Financial Partners LLC will help with succession plans and provide him more time with his clients. “The big need I feel is not to...
There’s been some cage-rattling in the wirehouses in recent weeks: Bank of America replaced Merrill Lynch’s Sallie Krawcheck with a banking executive, and the banking parent of UBS Wealth Management Americas struggled with the arrest of a London...
RIA custodian Trust Company of America in Centennial, Colo. is betting that its new tech platform for advisors and clients will set it apart from those of its larger custodian competitors. The platform, called Liberty, is designed for use on...
It what may be a case of serendipitous timing, a leading UBS Wealth Management Americas broker announced today he is moving his practice to HighTower Advisors. Jeff Leventhal (right) of The Leventhal Group, in Bethesda, Md., has been fielding...
Registered investment advisors are feeling decidedly less bullish than they were at the beginning of the year, according to the latest survey by Charles Schwab. Its online poll of more than 900 advisors whose firms’ assets are custodied at Schwab...
HighTower Advisors in Chicago has recruited four former Merrill Lynch teams to its ranks so far this year, bringing about $2.5 billion in assets, says Mike Papedis, the managing director who leads business recruitment at the registered investment...
You’ve heard about the optimism of youth, but a survey released today by MFS Investment Management suggests that Generation Y—the age group it defines between 18 and 30—takes a darker view of life, at least as far as some aspects of investing are...
Banks have a renewed appetite for registered investment advisors, Pershing Advisor Solutions and FA Insight report. An update this week to their “Real Deals” M&A report says that five of the seven deals involving RIA acquisitions in the second...
Families, including those using financial advisors, aren't making any headway in their plans to cover college costs, according to Fidelity Investment’s College Savings Indicator. But the families using advisors are still better positioned than...
