Two veteran Wells Fargo teams take $580M to Ameriprise and Janney
The disclosed summer departures from the wirehouse now top $5 billion as Janney and Ameriprise pick up veteran teams.
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Invesco unifies custom strategies across public and private markets
The platform overhaul lands as advisors push for personalization, with retail SMA assets on pace to hit $3.6 trillion by 2026.
Carlyle-backed MAI buys two RIAs and enters Atlanta
Two Tuesday deals put the Cleveland RIA in Atlanta and extend its California reach. MAI is shifting from scale-building to market-by-market buying.
Private-markets gateways become a global land grab
J.P. Morgan exports its institutional PE strategy to Australia just as Neuberger's buyback halt and private credit bond issues test the semi-liquid pitch.
Conte Wealth moves $1.4 billion from Cambridge to LPL
LPL stands to gain a 20-advisor Pennsylvania team; Cambridge's recruiting strength faces a retention test.
Carson hires Osaic's Peterson to lead independent channel
A three-decade veteran of TD Ameritrade and Goldman Sachs will now sell Carson's partnership model to independent advisors.
Two UBS veterans launch Naples RIA after two-and-a-half-year process
Jason Stephens and Mic Lundon left UBS after more than four decades combined to open Evertern Wealth, a Naples, Fla., RIA built for high-net-worth clients.
Vanguard bends to RIAs, and John Bogle's ghost winces
Vanguard's model portfolio reset trades revenue and control for market share, with Orion, Black Diamond, and Vestmark collecting the overlay fees.
ETF launches fail from a trust deficit
Advisor trust, not capital, determines which ETFs survive. The winners earn it before launch.
Direct deals define the newest family offices
New family offices are skipping hedge funds and private credit for direct deals and private equity, a shift that is reshaping how managers court them.
MAI buys $490M Waypoint to enter Atlanta
The Carlyle-backed firm makes its first Atlanta acquisition, adding a boutique with wealthy clients and two proprietary funds.
Neuberger Private Equity Partners cancels buyback tranche, shares now 39,918,190
The cancellation leaves the listed private-equity vehicle with 39,918,190 shares outstanding, a reference point for discount-watching allocators.
Brightstar and Coatue file private equity fund forms
Brightstar and Coatue filed SEC Form Ds for two private equity vehicles apiece, each with no capital sold yet.
De Leon brings patient capital to RIA minority stakes
Leon Financial Network's minority-stake model offers wealth managers an alternative to the private equity roll-up timeline.
Khanna's loan-for-shares tax plan draws Cuban 'insane' blast
The California wealth-tax proposal would make the state a residual owner of pledged private shares, an arrangement family offices should read closely.
J.P. Morgan brings its institutional private equity strategy to Australian wealth clients
A private equity staple moves from institutions to wealthy Australians as private-market gateways face their first real liquidity test.
Exit plans break when value, liquidity, and succession run on separate clocks
An InvestmentNews webinar featuring LPL Financial's Jeremy Holly explores why owners should plan value, liquidity, and succession together long before a deal appears.
Private credit funds return to investment-grade bond market
BCRED seeks $500 million and Blue Owl taps existing notes, testing investor appetite after a year of redemption limits.
FINRA asks SEC to double fraud-hold window to 10 business days
A proposed FINRA rule would give member firms a safe harbor to freeze suspicious transactions for 10 business days, and vulnerable-adult holds could stretch to 145 business days.
Maine leads a state-by-state wealth transfer ranking
Per-capita senior wealth gives RIAs a density map; the trillion-dollar totals still favor the largest states.
Retail SMAs on pace for $3.6 trillion by 2026
Cerulli expects retail SMA assets to reach $3.6 trillion in 2026 as personalization and fee-based revenue remake advice.
Finny bets a $50 fee on the assets it helps win
The prospecting platform swaps flat subscriptions for a performance fee, and LPL gets the model first.
The Murdoch trust fight is a lesson in how estate plans go stale
A WealthManagement.com podcast gives RIAs a language for the gap between ownership, control, and governance in a family trust.
Carson hires Osaic's recruiting veteran to lead independent channel
The move puts a nearly three-decade recruiting veteran in charge of Carson's independent growth push.
Atlanta is the new front in the RIA roll-up war
MAI's $490 million Atlanta purchase, backed by Carlyle, makes the Southeast the region to watch in RIA consolidation.
Raymond James adds $200M Wells Fargo team; Arden Trust names president
Raymond James pulls in a pair of Wells Fargo advisors, Arden Trust puts a trust veteran in the president's seat, and Wooster Square adds a specialist.
AITi Global revenue rises 11% as takeover talk builds
The firm’s loss narrowed, and reports say Franklin Templeton may be in talks to buy it.
Rick Parish launches Mazavida, a containerized water infrastructure venture
Kinetic7 and Aquarius Capital are pairing with Dallas-based PIF Energy to bring fast-deployable desalination systems to the US and EMEA.
UBS pulls three Morgan Stanley teams in one week
PWD's tracking puts UBS atop the 90-day arrival board and Morgan Stanley as the wirehouse with the largest outflow.
Raymond James presses a two-front talent war, from advisors to custody
A 14-move month and a Schwab custody hire put Raymond James on both fronts alone.
Private-markets gateways meet their first liquidity test
A redemption scare at Partners Group and the highest private credit stress since 2017 are forcing advisors to reread the fine print on semi-liquid funds.
Low-cost funds took half of record $1T ETF inflows
Half-year data show plain-vanilla funds still anchor advisor portfolios, even as issuers push active and private-market products.
Partners Group hits bottom of European financials on evergreen worries
A redemption scare at Partners Group has allocators re-reading the liquidity fine print of semi-liquid funds.
FINNY AI swaps flat fees for a cut of new assets
FINNY drops flat subscriptions for a cut of new assets. Small wins get cheaper, big wins cost more.
Cetera lands a $420 million Commonwealth duo in Durham
After a decade at Commonwealth, a Durham team brings its $420 million book to Cetera's Summit Financial Networks.
Private credit stress hits highest level since 2017
Renewed pressure in a $2 trillion asset class should send allocators back to their fund statements.
59 moves, one new office
The talent war has become a fight for the same chairs.
Family offices are now bidding against PE for real assets
Realm's platform and CVC DIF's Frankfurt data center trade put family offices in the same auction as the funds they used to back.
CVC DIF buys majority stake in Frankfurt data center operator firstcolo
CVC DIF's value-add fund is buying AI-ready capacity in Germany's densest data center market, handing CUBE Infrastructure an exit a day after its own fund posted fresh sales.
Goldman's Neos deal puts a price on the race to own product factories
Schwab's Forge close and Orion's Goldman custody integration extend the same logic. The likely cost to RIAs is fewer independent entry points.
Merrill's $129 billion institutional team breaks away to OpenArc
The GCIAS book is nearly 37 times the size of the period's next-largest breakaway, and every wirehouse institutional desk has noticed.
Wealth Managers Are Launching Funds as Fast as They're Buying Firms
PWD counted sixteen private-market fund launches in a month, matching announced acquisitions. Product manufacturing is the next front.
Family offices bought the assets. They left out the heirs.
As allocations surge, the $83.5 trillion transfer is running into a governance gap: heirs are not being brought into the decision room.
Goldman builds a private markets platform for wealthy clients
Direct stakes and secondary trading land in one unit, giving wealthy clients pre-IPO access and an earlier exit.
Family Offices Turn a 2011 Carve-Out Into Private-Equity Pay
The private-wealth talent war now turns on incentive structures.
Raymond James pulls a 29-year Schwab veteran into its RIA custody fold
Elyn Davis's move pairs her with fellow Schwab alum Greg Bruce in a planned succession, and the RIA custody market now reads like a talent war.
The Commonwealth diaspora dominates this week's AUM flow
Merit and Hightower pulled nearly $5 billion from LPL's future book while the week's other deals moved no disclosed assets.
Dynasty Adds a Sports Banker; LPL Picks Up a $350M Tampa Team
Greg Resh's appointment to the EiR bench adds no client assets. Two Tampa advisors leaving Corebridge just put $350 million in motion.
Family Offices Use a 2011 SEC Rule to Pay Staff Like Private Equity
Kevin Warsh's $100 million Duquesne stake shows how a carveout meant to keep offices unregistered became a pay practice.
The $83 Trillion Transfer Runs on Family Governance
The firms that teach families how to decide will hold the $83.5 trillion.