RIA News

Sanctuary has taken minority stakes in partner firms Concenture Wealth Management and G Squared Private Wealth to create 6 Degrees, a new entity designed to pursue acquisitions in the Southwest. The deal is a model for future Sanctuary investments...

The 47-year-old will report to Rockefeller Capital Chief Executive Officer Greg Fleming and sit on the company’s management committee.

The wirehouses’ 'scale can be mimicked but rarely matched,' said a new Cerulli Associates report.

The updated integration is meant to make advisor oversight and management of client cash holdings easier.

'It’s great that PE is involved with our business as a validation of sorts, but I think the thesis is wrong,' said Phil Fiore, CEO of Procyon Partners, a Dynasty partner firm.

In recent weeks, LPL also has welcomed new independent practices from advisors departing Wells Fargo, Commonwealth and Morgan Stanley.