FLPutnam Investment Management acquired three independent RIAs collectively with a total of $1.25 billion in assets under management, pushing its assets under advisement to over $10 billion. Additions include Arbor Capital Management Corp., a $950 million AUM firm based in Amherst, NY, as well as Mashpee, Mass.-based Four Ponds Financial Planning and New York's Ascension…

What makes your RIA unique? How do you approach recruiting, both advisors and other RIAs? Differentiating your firm in today's fast-growing RIA space is more important than ever to the future of your business. Our Dynasty Investment Banking team recently held our inauguration M&A Internship in New York for our network partners. One of the…

After inflation soared in the wake of the pandemic, the Federal Reserve raised interest rates 11 times over the 16 months starting in March 2022. Before that, rates hovered near zero as policymakers pulled every lever available to keep the economy humming after the lockdowns ended. most business activity. Fast forward more than two years,…

Elevation Point, an investment firm launched last month by former Sanctuary Wealth CEO Jim Dickson, has added two UBS executives as founding partners. Bradford Smithy and Robert B. Tamarkin joined the firm, which aims to take stakes in RIAs with $200 million to $3 billion in client assets and help accelerate their growth by providing…

It's hard to criticize the firm you work for when you've built a business that manages $2 billion in client assets. But a reality exists for many top advisors like the guests on this episode. That is, they understand how the industry and their clients' needs are evolving—and that their firm may not be equipped…

GeoWealth, a Chicago-based asset management platform, raised $18 million in growth investment funding, with BlackRock as a new lead investor. Kayne Anderson Growth Capital, which led GeoWealth's 2021 Series B financing, and JP Morgan Asset Management also participated in this round (the latter also invested in 2018). Connected: WealthStack Podcast: GeoWealth's Colin drops in on…

Savvy Advisors, the New York City-based RIA of fintech parent company Savvy Wealth, has added six new advisors, including a team that managed $300 million in client assets at Mariner Wealth Advisors. The additions bring Savvy's total number of advisors to 30 and assets under management to more than $700 million. Connected: Mariner Sues Savvy…

With life expectancy steadily increasing, especially for the wealthy, there is a real risk that customers will end up outliving their money. As such, where a customer chooses to retire is taking on even greater importance than before. A recent study by Bankrate ranked all 50 states in terms of attractiveness as a retirement destination….

Open, honest, and candid discussion about Human Interest, the use of AI advisors, more 401(k) plan haters, and the top stories so far this year. Source link

(Bloomberg) – U.S. exchange-traded funds that invest directly in Ether raised a net $107 million in their first day of trading in launches that will provide a window into mainstream crypto demand outside of Bitcoin. According to data compiled by Bloomberg, BlackRock Inc.'s iShares Ethereum Trust. achieved a net inflow of $267 million – the…