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Latest
Cerity Partners absorbs Cornerstone Capital and Echo Wealth Management, adding $1.7 billion and a Minneapolis foothold
M&A · 1m ago
Envestnet seeks a chief product officer; UBS hands Naureen Hassan its US wealth unit
Moves · 1m ago
CG Financial hires TradePMR and Axos executives as platform fight intensifies
Features · 3h ago
Concurrent buys $5.4B Spire and sets a $3B-to-$10B platform target
M&A · 18h ago
The CloseColumn →
Claude for Financial Advisors draws a fiduciary objection over portfolio math
A WealthManagement.com column cites studies putting hallucination rates in the mid-to-high 80s on drawdown and optimization questions, against a promised saving of up to 80% of an advisor's time.
PWD Features
the-ledger
the-open
The Wealth Teams Report
The Signal
Data
The RIA Deal Tracker →
Every verified deal, lift-out, and breakaway
Firm & Fund Lookup →
17,010 firms & people tracked
THIS WEEK208 deals announced175 closed242 advisor moves130 executive changes136 fund filings
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PWD FeaturesAll features →
the-ledger

Concurrent buys Spire's 30-plus teams in first RIA platform deal

The asset purchase adds about $5.4 billion and lifts Concurrent to $28.6 billion, with no purchase price disclosed.
The Consolidation

Nuveen closes Schroders deal without disclosing price or cost savings; 12-to-18-month separation planned

The combined manager holds $2.6 trillion in assets, and the release claims top-ten positions in active equities, fixed income and private markets.
the-open

SEC asks whether CFP or CPA counts as an accredited investor

The same meeting produced a proposal to let advisers charge up to 20% performance fees on private funds, plus companion measures on the accredited-investor definition and interval fund redemptions, each with 60 days of comment.
MovesThe full wire →
The Wire
Mar 31Onur Erzan — AllianceBernstein L.P. → AllianceBernstein L.P.
Mar 31Onur Erzan — AllianceBernstein → AllianceBernstein
Mar 31Onur Erzan
Mar 30Seth Bernstein — AllianceBernstein L.P. → AllianceBernstein L.P.
Dec 31Zar Toolan — to Certified Financial Planner Board of Standards Inc.
Dec 31Drew McMorrow — to Certified Financial Planner Board of Standards Inc.
RIAAll RIA →

WealthManagement.com column tells advisors to judge wellness tools by cross-benefit decisions

The retiretech column says EBRI's 2025 employer survey flagged trouble connecting standalone benefits alongside cost, privacy and implementation concerns.

Annuity adoption still trails client demand as cost and control objections persist

LIMRA finds about seven in 10 pre-retirees want protected income, while cost and control remain top barriers to annuity adoption.

InvestmentNews column urges advisors to model real estate recapture before a property goes under contract

Americans 55 and older held roughly 61% of the nation's $48 trillion in real estate wealth as of late 2025, according to Redfin's analysis of Federal Reserve data.
AllocatorsAll Allocators →

Blue Owl caps two private credit funds at 5% as tech fund requests hit 39%

The roughly $5 billion Blue Owl Technology Income Corp. saw redemption requests equal to 39% of shares in the third quarter, while the $35 billion Blue Owl Credit Income Corp. eased to 16.8%.

Partners Group splits €6.6bn evergreen fund into two portfolios after withdrawal cap

The Global Value SICAV restructuring follows a cap on redemptions earlier this year; the report does not say how assets or liquidity terms divide.

SEC proposes rule changes to ease retail capital raising by private markets managers

Private Equity Wire reported the proposal, citing The Wall Street Journal; the coverage does not describe which vehicles or investors it would reach.
PWD Data
383deals on the tracker this week — every one verified by the newsroomThe RIA Deal Tracker →
372advisor and executive moves on the wire this weekThe Moves Wire →
17,010firms, funds, and people in PWD’s coverageFirm & Fund Lookup →
Earlier coverage
The Close

Blue Owl caps two funds at 5% as a 39% redemption queue builds

The Close

SEC proposes letting RIAs self-custody crypto when no permitted custodian is available

The Close

Financial Advisor Magazine's chatbot test finds plans close to human advisors for mass-affluent clients

Family Office

Argentina sets citizenship at $350,000 cash or an $800,000 bond

The Close

Carlyle puts private credit's AI buildout at $1 trillion as investors seek caps

The Close

University of Maryland survey finds bipartisan backing for wealth tax and higher capital gains taxes

The Close

Fidelity extends its $100 million minimum to existing RIA custody clients

RIA

Fidelity gives custody clients below $100 million until June 2027 to grow

Filings

SEC private-market proposals draw compliance warnings from ACA Group and STP consultants

M&A

Concurrent acquires Spire Investment Partners, its first RIA platform purchase

M&A

HB Wealth buys $700 million Austin RIA Wealth Care, its seventh market

RIA

Fidelity raises RIA custody minimum to $100 million, setting a mid-2027 deadline

RIA

A WealthManagement.com column argues advisory partnership drift starts when goals diverge

RIA

CFP Board elects three directors after naming AI expertise a priority

RIA

Compliance experts press SEC on AI gaps after OpenAI agents probe government sites

RIA

FPA rebuilds PlannerSearch to match consumers on mindset and life events

RIA →M&A →Family Office →Allocators →Deals & PE →Filings →Data →The Close →
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