RIA News

Despite Goldman Sachs’ sale of its Personal Financial Management unit, the Wall Street firm says it’s doubling down on serving registered investment advisors. “We don’t want to compete with RIAs. But we want to serve RIAs,” said a Goldman Sachs exec.

President Thomas Carroll will take over the role from Andy Berg on Jan. 1.

Duran, who built and sold United Capital to Goldman Sachs, has revealed his new company, Rise Growth Partners, which will take minority stakes in RIAs and help them become national, scaled platforms.

Are your custodians eyeing your clients? ‘The margins are there,’ said one RIA CEO.

Avantax shareholders will be cashed out at $26 per share and the tax-focused broker/dealer will operate as separate unit within Cetera

Advisors are on the move this week, as no fewer than three teams announced they're switching platforms

Modern Wealth has completed its 4th acquisition since establishing anchor offices just weeks after a PE-backed April launch

The five-person team brings 70+ years of experience serving wealthy clients, family offices and institutions to the year-old Fidelis.

The addition of Grove Point brings Atria Wealth Solutions to almost $120 billion in assets across seven subsidiary businesses.

Many who custody with one or both have seen no major hiccups so far, while some smaller, TD-only firms expressed confusion and frustration.