RIA News

Lido and a subsidiary of Israeli Discount Bank have created a joint RIA to provide asset management services to the bank’s clients.

CIPW Trust, chartered in South Dakota, will make corporate trustee services available to all clients.

At least six firms reported making moves this week, while Mission Wealth introduced trust services and Taylor Frigon launched a new family office.

The advisors have a shared history at KLS Professional Advisors Group in New York, a family office-focused RIA acquired by Boston Private in 2004.

In its fourth deal of the year, Wealth Enhancement Group has added more than $1 billion in assets in Northern California.

As its multicustodial strategy bears fruit, Steward Partners has recruited Ensign Wealth Partners from Wells Fargo Advisors Financial Network, bringing the firm's total assets with Pershing to over $1 billion.

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.

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

Several law firms are looking into whether Focus’ board members breached their fiduciary duties in agreeing to the sale at $53 per share.