Bluespring Wealth Partners, the RIA buyout arm of Kestra Holdings, has acquired Rodgers & Associates Wealth Advisers, a registered investment advisor based in Lancaster, Pa. with over $1.35 billion in client assets and 25 employees. Bluespring now has 27 partner firms. Rodgers & Associates was founded in 1996 by husband and wife Rick and Jessica…

Bay Area-based Robertson Stephens Wealth Management has acquired Ratio Wealth Group, a Denver-based registered investment advisor with over $530 million in advisory assets. It's Robertson Stephens' fourth deal this year and the third office in Colorado. Ratio Wealth Group was founded in November 2019 by Derek Scarth and Graham Gerlach, and the firm specializes in…

RIA aggregators, broker/dealers and TAMPs are showing a growing preference for custom model portfolios—and asset managers that offer model portfolios are making it a priority, according to the July issue of Monthly Product Trends of the US by market research firm Cerulli Associates. The report defines custom asset allocation model portfolios as those created by…

Ameriprise Financial has filed a lawsuit against LPL Financial, accusing the broker/dealer of misusing private, confidential customer information while recruiting advisors “in connection with its unfair competition within the financial industry.” Ameriprise filed suit in the US District Court for the Southern District of California, alleging that LPL is directing recruits to take customer information…

Speaking at a Bitcoin convention, Donald Trump said that if elected, he would direct the Treasury to end its “repression” of the crypto sector, FundFire reports. Spot Ether ETFs had a rough first week of trading amid a broader market selloff, according to VettaFi. These are among the investment must-reads we found this week for…

Economists have long been interested in being able to identify stock market bubbles in advance because not only are they associated with significant mispricing in financial markets (contrary to the efficient markets hypothesis), but mispricing leads to distortions in the distribution of capital (overinvestment). . Furthermore, bubbles are followed by crashes as the consequences of…

Captrust Financial Advisors, the Raleigh, NC-based registered investment advisor, has surpassed $1 trillion in total client assets, a major milestone for the independent RIA channel. This includes $220 billion in assets under management, with the rest under advisory. Captrust now has a national presence, with clients in all 50 states. When the firm started in…

Based on one-year returns. Data of 26.7.2024. Minimum $5 million in net assets. Excludes leveraged and inverse ETFs. Aniket Ullal is VP, ETF data and analytics for CFRA, one of the world's largest providers of independent investment research. Aniket founded First Bridge Data, a leading source for global ETF data and analytics that was acquired…

One of the most complicated sections of the final required minimum distribution regulations issued recently is Section 1.401(a)(9)-4(f)(4), “Multiple Trust Agreements,” a holdover from the proposed regulations. That section provides: If a beneficiary of a transparent trust is another trust, the beneficiaries of the second trust will be treated as beneficiaries of the first trust,…

Charitable giving platform Daffy (Donor Advised Fund for You) announced on Tuesday the launch of a new custom wallet feature. Initially, Daffy offered 15 pre-built ETF portfolios spread across four broad categories: conservative, benchmark, ESG and crypto. Custom wallets will be the fifth category. Connected: Daffy expands functionality to include families This functionality was not…