Baker Street's $21B run shows PE owners don't have to buy
The San Francisco RIA sold a majority stake in 2015. Then it grew 12% a year without acquisitions. Private equity in the RIA market isn't always an M&A mandate.
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Invesco cuts core real estate fees 20% to ease redemptions
A 20% fee cut rewards investors who stay. The tender offer prices exits at 95 cents on the dollar.
Ai Funds lists HIAI, an ETF run by its BAILA model
The Sausalito adviser's first ETF turns a model with a multi-year advisor track record into a daily-priced fund.
Make-A-Will Month: the estate-planning gap in client books
Advisors have a calendar hook to fix a quiet risk: only about a quarter of American adults have a will, and many existing plans are outdated.
Twelve reminders for the DAF client meeting
WealthManagement.com's new checklist gives advisors the topics to raise with donor-advised fund holders, from succession plans to non-cash contributions.
LPL and Raymond James land $590M in advisor moves
An Edward Jones duo and a 26-year UBS veteran chose different channels, and the split previews the RIA M&A market.
Independent platforms pull $2.93 billion from legacy employee books
Tenured wirehouse and insurance teams leave four legacy employers for ownership and succession.
T. Rowe Price to buy F/m Investments and its Treasury ETFs
F/m's single-security Treasury ETFs and SMA platform join T. Rowe Price's $1.87 trillion lineup, more than doubling its fixed income ETF assets.
401(k) balances climb at Principal as savers hold course
Average balances rose 9.6% in the second quarter, and Roth adoption keeps climbing. The firm's data shows steady plan design doing the heavy lifting.
Carson pulls $1.76B Wells Fargo team into its independent channel
The New Hampshire liftout shows the RIA is winning advisors who already chose independence once.
Brown Advisory files a $29.9 million venture feeder fund
A Form D filing shows the RIA pooling client money into a venture-capital vehicle.
Cathy Curtis to women advisors: start your own RIAs
At the Nov. 5 Women Advisor Summit, she will make the case that the RIA channel needs more women owners, not just support staff.
Raymond James lands $400M UBS veteran in Glens Falls
After 26 years at UBS, Adam Pearsall moves his Glens Falls book into Raymond James's employee channel.
LPL adds $7.4B in July while markets pull back $16.1B
Advisory mix climbs to 60.6% even as total client assets fall to $2.55 trillion.
Prospect Capital shifts its portfolio toward first-lien middle-market loans
After two years of selling, Prospect Capital's book is concentrated in first-lien middle-market debt. The BDC's reported track record on exited middle-market loans is the case for that shift.
Stone Point and Genstar buy the 401(k) rails
A $1.3 trillion recordkeeper gives two private equity firms control of the contribution machinery that could carry private assets into defined-contribution plans.
Trump Account rules: passive funds, 0.1% cap on fees
Proposed IRS regulations would limit Trump Accounts to index-tracking mutual funds and ETFs with annual expenses at or below 10 basis points.
Yari Capital ends 30-year Northwestern Mutual run by joining Carson
The Atlanta practice moves with its name and staff intact, giving Carson a 30-year recruiting endorsement.
A Vanderbilt heir builds a family office to court 800 relatives
Consuelo Vanderbilt Costin wants 800-plus descendants to join House of Vanderbilt as co-investors, most of them strangers to her.
XYPN turns its advice-tech winner into a member benefit
CurrentClient won Best in Show at XYPN's AdviceTech Competition, then won over the network's members one by one. The formal deal makes that adoption official.
Family offices co-bid with private equity for real assets
Patient family capital is moving from LP checks to principal deals, and funds are meeting their former backers at the auction table.
Carson Group lands $405M Atlanta practice from Northwestern Mutual
The move gives Carson's independent channel a three-decade practice to point to as it recruits more advisors.
RFG CEO: The first platform question shouldn't be payouts
RFG Advisory's Shannon Spotswood says advisors going independent should pick a long-term partner, not a vendor.
Osaic lands Sarsfield father-son team with a $367M book
The four-person IronGate team joins Osaic's Carlson Advisor Networks with a business-owner practice and a built-in succession story.
Guggenheim expands active ETF shelf with CLO and options funds
The $367 billion manager's ETF lineup now has four income-focused funds.
Stevens Capital nears $1B after acquiring Dallas CPA practice
The Omaha RIA's purchase of an 80-year-old tax practice shows how aging solo practitioners feed the consolidation wave.
Callan, Crowd Street take real assets to accredited investors
Callan's education series introduces Crowd Street's accredited investors to real assets, part of a broader private-markets curriculum.
Trust outranks fees in wealth-manager choice, TransUnion finds
A 1,000-investor survey ranks trust and transparency ahead of price, a cue for RIAs competing on custody and disclosure.
AI notetakers push beyond the transcript as CRM platforms close in
Meeting-capture specialists are racing to stay useful as the CRM platforms they plug into build the same features.
Stone Point, Genstar to jointly own Ascensus
Stone Point and Genstar will split ownership of the $1.3 trillion workplace-savings firm, with new money earmarked for technology and AI.
Pontera lets advisors recommend 401(k) trades without executing them
A guided workflow has clients execute the recommended trades themselves, giving advisors a way to serve 401(k) money that never shows up on a custodian statement.
FINRA panel orders $509,000 payout over conservation easements
The award may be the first final decision to name a 'land easement,' giving claimants a figure in a corner of arbitration where cases usually end in confidential settlements.
Slayer statute freezes a $1.5M trust payout in Reiner case
A trust fiduciary's decision to withhold defense funds tests California's slayer statute against a beneficiary's presumption of innocence.
Acquisition announcements edge past advisor moves in 30 days
Announced purchases now outnumber advisor moves, a small gap with a clear direction.
Fidelity's rate hike turned custody into a financing war
Schwab's $80.2B quarter and Conte Wealth's $1.4B move put the custody race on a margin schedule.
FP Transitions launches Estimated Value Index for advisory firms
The 1-to-100 score gives owners a directional read on firm value relative to peers.
Convergence puts private markets inside the advisor's daily workflow
Alternatives are no longer the constraint. The hard work is managing public and private positions in a single portfolio, and the platforms that make that routine will set the pace.
Pontera adds non-discretionary 401(k) guidance tool after Fidelity credential fight
Advisors get a way to guide held-away money without ever touching the account.
The $40 trillion debt becomes a planning input for advisors
A Conference Board report maps Treasury yield paths through 2036 as the 30-year hits pre-2008 levels.
Advisor-built Claude tools reshape client work at NewEdge
NewEdge gave advisors a raw AI platform, and the people in client meetings did the rest.
The private-markets on-ramp now runs through retirement accounts
Crowd Street and Equity Trust link self-directed IRAs to private funds. Eagle Point and Blackstone pivot capital toward AI infrastructure.
Social Security's clock is a decade earlier than Americans think
Clients are filing early on a 17-year guess; the Trustees' projection is roughly a decade shorter.
Invesco names Harris global head of custom solutions platform
Invesco turns customized portfolio building into a business line and names a leader before the product exists.
Schwab ends sub-$5 million referrals to RIAs in 2027
The two-decade trade of custody for client referrals is losing its smallest tier.
Vanguard Canada moves to delist its global minimum-volatility ETF
Vanguard Canada gives VVO unitholders until Oct. 29 to sell before a pro rata wind-down.
Mid-sized RIAs are now buying alternatives, iCapital's Gallagher says
Eighty-nine percent of advisors plan to hold or raise allocations. The new buyers are mid-sized RIAs.
Advisor sentiment stays positive as six-month outlook dims
Current conditions still read above neutral, but the share of advisors expecting economic improvement has fallen 29 points since May.
Wealthspire's client meetings are its recruiting office
Interns watch real client meetings and one came back as an advisor.
Brookwood hires four partners rather than a buyer
The Phoenix RIA is testing whether law-firm-style ownership can handle $1.5 billion without a sale.
The advisory industry is rewriting the 40/40/20 rule
Aggregation moved the overhead share; the new playbook is software aimed at the line itself.