RIA News

Aspen Standard Wealth has taken a majority stake in Summitry, a $2.8 billion RIA, as it aims to hold wealth management firms permanently and solve some of their pain points.

Thiel has founded the new RIA alongside a number of former Merrill veterans.

Omaha-based Homan Wealth Advisors will join Colony's Buckingham Strategic Wealth.

Stout, who sold her firm to OneDigital in 2021, will lead Prime Capital Retirement and Prime Capital Wellness.

The deal with Family Asset Management expands Sequoia’s Southeast footprint and represents its seventh acquisition since 2023.

Indexed ETFs remain a top tool, but advisors report healthy usage of actively managed ETFs and mutual funds for equities and fixed-income allocations.

With this and its recently announced deal with Pegasus Partners, Lido’s total assets will grow to about $27 billion to $28 billion.

The combined firm will be based in Los Angeles. In 2022, Crescent Bay received a minority investment from Merchant Investment Management.

They cited performance, change in service levels and advisor moves as reasons they would switch today, according to a new Dynasty study.

Mariner CEO and President Marty Bicknell will maintain majority control, and Leonard Green & Partners will retain its minority stake in the wealth management firm.