RIA Roundup: Wealthspire Advisors to Acquire Heron Wealth in NYC

Mar 24, 2023

No fewer than seven M&A deals were announced this week, while three new RIAs launched on industry platforms and three key hires were made in support of growth.

Citi Sues Morgan Stanley Wealth Defector Over $636M Book

Mar 24, 2023

Citi sued Steven I. Taub in New York state court, alleging he was contacting former clients in violation of a 12-month non-solicitation agreement

Wealth Manager Is Building Advisory Team to Assist Gen Z Heirs

Mar 24, 2023

Geneva-based Brainvest is expanding its offerings to assist a new generation of heirs who live around the world and sometimes spend beyond their means.

Former Morgan Stanley Advisor Charged With Defrauding NBA Players

Mar 23, 2023

According to the SEC, Darryl Matthew Cohen steered the money for his own use and to fund his son’s basketball league.

First Republic Advisors Look to Jump Ship Amid Uncertainty

Mar 23, 2023

The situations with First Republic and SVB pose yet another cautionary tale for advisors affiliated with banks.

J. Stern & Co. Expands Into North America

Mar 23, 2023

The London-based asset manager built on a European banking dynasty has opened an office in New York City.

Mindy Diamond on Independence: A Former Merrill Advisor’s Team-Based Approach to Growth

Mar 23, 2023

Rory O’Hara, founder of Ausperity Private Wealth, discusses his journey from cold-calling trainee at Merrill to building a business managing $500 million in client assets, to making the leap to independence as a young team.

GeoWealth Acquires First Ascent Asset Management

Mar 23, 2023

With this acquisition, the two firms now have a collective $21 billion in platform assets.