If you watch CNBC or Bloomberg, one of the most common refrains heard from active managers is that we are in a market of stock pickers, with active managers outperforming. However, the consistent evidence we see in S&P's Annual SPIVA result sheets shows that such periods do not exist as active managers have underperformed in…

RFG Advisory, the Birmingham, Ala.-based hybrid RIA platform with about $5 billion in client assets, has named Shannon Spotswood, its current president, as its new CEO. Spotswood succeeds Bobby White, who has led the firm since its inception in 2003. Effective immediately, White will move into an executive chairman role. Connected: Hybrid RIA Advisory RFG…

Minneapolis-based Wealth Enhancement Group, the registered investment advisor with over $85.4 billion in client assets, has acquired Peak Financial Services, a $123 million hybrid RIA. Northborough, Mass.-based Peak is WEG's fourth location in the state. Peak was founded in 1995 by President Kevin O'Brien. It specializes in working with clients who are at or near…

According to 2023 US Fund Fee Study published by Morningstar. Expense reports are now in the lowest levels recorded and are less than half of what they were two decades ago, at 0.87% in 2004, Morningstar estimates. Some reasons behind the fee reduction include asset managers' competition for investors' dollars and investors' growing preference for…

Investors put $413 billion into U.S. ETFs in the first half of 2024, the highest six-month total since the second half of 2021, according to Morningstar. A Bloomberg analyst said July 18 is his “best guess” as to when Ethereum ETFs could be approved. These are among the investment must-reads we found this week for…

(Bloomberg) — The mutual fund industry claimed victory Monday after the U.S. Securities and Exchange Commission signaled it is likely to renew a plan that would have forced asset managers to change some of their investment models. prices. The last of the SEC regulation agenda indicates that her staff is preparing to recommend re-proposing the…

The ETFs included feature funds that launched in the calendar month of June 2024. Here are half of them. 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…

Sponsored by In this episode of the RIA Edge Podcast, David Armstrong, editorial director for Informa Connect's Wealth Management Group, talks with Phillip Hamman, president and CEO of Linscomb Wealth, about the firm's comprehensive financial planning services, where they use a team-based approach and institutional knowledge to address diverse client needs. Founded over 50 years…

Three financial advisors who was shared by Edward Jones in 2023 have launched Uptick Partners, a new support platform designed to help other advisors from captive brokers/traders become independent. They added their first breakout this week. Longtime Edward Jones advisors Steve Barber, his son Jason Barber and Taylor Pankratz left the storied brokerage after more…

Seattle-based registered investment adviser Coldstream Wealth Management has teamed up with Arnerich Massena, a Portland, Ore.-based RIA. with approximately $2 billion in assets under management. Once the deal closes, Coldstream will have $10 billion in customer assets. Arnerich Massena will operate as Team Rae and all 19 employees, including seven advisors, will become Coldstream shareholders….