of Federal Trade Commission recently announced a monumental decision: outlawing non-compete clauses in employment contracts. The move is sending shockwaves throughout the business world – particularly in the wealth management industry, which has historically relied on these clauses to lock out advisers under threat of legal action. As the future of the rule hangs in…

The impact of the investment market is EXPECTED to more than double over the next decade—and will coincide with the largest transfer of property in history, empowering a new generation of impact investors. To stay competitive, wealth advisors will need to adapt. This is easier said than done. Advisors often struggle to connect with clients…

According to some industry experts, the Federal Trade Commission's ban on non-compete clauses may not be a seismic shock to the wealth management space, but it would mostly affect advisers in the banking and wire worlds, as opposed to RIAs. While many larger firms have moved away from including non-compete clauses in contracts because of…

Affiliated Advisors, an Osaic independent broker/dealer supervisory jurisdiction, has a new membership model for fee-only RIAs. OSJ provides its current roster of 50 firms — approximately 100 advisors overseeing $4.5 billion in assets under advisement — with business advisory, trading, compliance, technology and marketing support. It has traditionally focused on smaller shops, with one or…

Altruist has raised $169 million in a Series E round that values ​​the RIA custodian at $1.5 billion, according to the firm. The funding round was led by ICONIQ Growth, with participation from Granite Capital Management. Existing investors Adams Street Partners and Sound Ventures also participated. Yoonkee Sull, general partner at ICONIQ Growth, will join…

RFG Advisory attracted an Edward Jones advisor with more than $100 million in assets under management to launch Crescent Private Wealth, a firm affiliated with RFG. Ahmad Quqa is joining RFG after more than 20 years in the industry and seven years at Edward Jones, according to SEC data. Quqa works with business owners and…

On April 23, 2024, the Federal Trade Commission announced a sweeping “Non-Compete Rule,” banning non-competes for “all employees, even senior executives,” according to their website. It's a hot topic among advisors, who are curious about how this decision could affect their businesses, current deals and, ultimately, their ability to transition. Connected: FTC Workers Matters Ban…

Private Advisor Group, the Morristown, N.J.-based registered investment advisor and supervisory jurisdiction office affiliated with LPL Financial, has recruited Ethan Campbell, owner and wealth advisor at Stones River Wealth Management in Woodbury, Tenn., from RFG Advisory . Campbell was with RFG for about three years. He and his team, which also includes wealth advisor Collin…

Sponsored by Hear as Dana Rhodes, COO, Advisory Services at Axtella and Shannon Rosic, director of WealthStack, discuss content and solutions at WealthManagement.com The rebranding evolution of wealth management software from Axtella. With a focus on future growth initiatives and preparation for the evolving landscape, Axtella's commitment to innovation and inclusiveness makes for an exciting…

Advisers express the need to regularly review a client's financial plan to ensure that the portfolio is heading in the right direction, to confirm that the client's goals have not changed, and to see if adjustments are needed to the rate of spending, saving or investing. Ironically, it seems few advisors listen to their own…