This year has already set new records for mergers and acquisitions activity in the registered investment adviser space, with 269 total transactions completed so far in 2024, according to data released this week by DeVoe & Company. This is higher than the previous record of 264 deals in 2022. The fourth quarter of 2024 also…

2025 is expected to be an interesting year for financial markets. Stocks have had a great 2-year run, Trump 2.0 begins, global central banks are cutting interest rates, and the US economy remains resilient. Despite the positive momentum and tailwinds, 2025 is sure to bring some surprises, uncertainty and volatility, which will make it important…

A Nevada commissioner has rejected Rupert Murdoch's attempt to change the terms of his irrevocable family trust. Murdoch filed a petition late last year to modify the terms of the trust and give exclusive control to his eldest son, Lachlan. The move would essentially ensure that his media empire retains its conservative editorial slant. In…

Cetera Financial Group has named Todd Mackay president of Cetera Wealth Management, effective January 1. Mackay, who was named president of Cetera Solutions in August after joining the firm as president of Avantax, the tax-focused wealth management firm acquired by Cetera Holdings late last yearwill continue to report to CEO Mike Durbin. Related: Cetera CEO…

RIA aggregator Focus Financial is continuing to consolidate partner firms; this time, Dallas, Texas-based Brownlie & Braden Advisors is joining partner firm Focus Prairie Capital Management Group, based in Kansas City, Mo. Since the transaction, Prairie Capital has $7 billion in assets under management. Former Brownlie & Braden president James Braden will become a managing…

FINRA is requiring Edward Jones, Osaic and Cambridge Investment Research to collectively pay more than $8.2 million in restitution to clients after the firms allegedly failed to monitor whether their clients could take advantage of fee waivers or discounts on certain securities sales. mutual funds. Settlements are derived from a targeted examination launched in November…

It is essential that advisors, their firms, asset managers and other industry participants balance establishing best practices with current clients while shifting service and product strategies to the future profile of the high net worth demographic. . Recent data from Cerulli Associates projects that $124 trillion of wealth will be transferred to the next generation…

Sponsored by Technology is no longer just a nice-to-have—it's essential to scaling and improving customer outcomes. With increasing demands on advisors, platforms like Schwab are working to simplify, integrate and anticipate the next wave of innovation to help advisors thrive in an evolving landscape. In this episode of The WealthStack Podcast, Shannon Rosic, director of…

Mariner Wealth and its outspoken CEO and President Marty Bicknell have one set goal for growth to 5,000 advisors by 2027. The firm has been steadily working toward this through inorganic growth through acquisitions and strategic alliances for some time, but doing so through organic growth at scale proves challenging for all RIA firms. This…

In recent months, moves within the bond market have left investors wondering whether they've missed an opportunity to move out of cash and lock in attractive long-term yields. The short answer is no – in reality, it's a good time to invest in bonds. We're in the midst of the Federal Reserve's first rate cut…