RIA News

It was a slower week for dealmaking in the RIA space, but Carson made its first full acquisition of the year, and Buckingham Strategic Wealth announced its third.

Digital marketing and home-grown planning software, FP Alpha, has launched RIA Altfest into a new phase of tech-enabled growth as the firm looks to expand into new locations.

University of Miami basketball brought Justin Heller and his partner together at the wirehouse; now they've launched their own firm with an assist from Rapport Financial's Aaron Hattenbach.

Fresh off becoming a full custodian, Altruist will now have close to 10% market share of total RIA firms, SSG’s service organization and a relationship with Pershing.  

Multifamily office Pathstone announced investments from two different backers this week, Allworth Financial made its second and third acquisitions of the year, and Apella bought a California RIA. Meanwhile, NewEdge Wealth has a new principal.

Three former Carson Wealth advisors have joined Private Wealth Asset Management by way of Wells Fargo Private Bank.

With $400 million in assets, Cornerstone is the 15th acquisition in PCIA history and builds on roughly 500% growth in just five years.

In its first acquisition of the year, Captrust adds a $5.8 billion firm with wealth, retirement planning, and endowment and foundation businesses.

How a quartet of young owners who bought out Ensemble founder Curtis Brown grew the firm's assets by more than 325% in seven years.