LPL Financial has been a leader in the independent broker/dealer space for years, serving approximately 22,000 financial advisors representing over $1 trillion in brokerage and advisory assets. This means that the business needs its infrastructure to be fast, reliable and secure. Everything LPL does is positioned around helping advisors take care of their clients, with…

AlTi Global Inc., an international publicly traded alternative investment and wealth management corporation with more than $70 billion in assets across its subsidiaries, has acquired Envoi LLC, a multifamily office with $3 billion in AUM. The deal comes six weeks later AlTi reported that it was acquiring East End Advisors in New York City for…

(Bloomberg) — Mutual funds are being extinguished at a faster pace than new launches as trillions of dollars continue to flow out of products in favor of exchange-traded vehicles. Connected: What if mutual funds could also trade as ETFs? While 95 new mutual funds have debuted this year, 123 have already closed, according to Morningstar…

Weston, Mass.-based Advisor360° has added GWN Securities as a client. About 800 GWN Securities advisors will have access to Advisor360° capabilities, including account opening, advisor experience, data and reporting, and client portal. GWN Securities is a national independent broker/dealer and RIA. The firm is based in Palm Gardens, Fla., with approximately $21 billion in total…

During this highly informative episode, Fran Rodilosso, VanEck's head of fixed income ETF portfolio management, shares his thoughts on why he and his team believe emerging market debt offers an excellent opportunity for investors. Fran also does a fabulous job of discussing the benefits of including collateralized loan obligations and business development companies in investment…

Direct indexing continues to gain popularity as investors look for customized options and demand lower costs. Direct indexing, which involves owning a representative amount of securities in an index versus a mutual fund or ETF, can have a number of benefits – including potentially reduced costs, individual ownership of tax lots and increased efficiency tax,…

With the stock market at all-time highs and normal volatility, it's easy for retirees, near-retirees and even advisors to become complacent about sequence risk, one of the biggest risks to an exit nest egg. in retirement and the saver's peace of mind. No one knows exactly when the next big market correction will occur, but…

Schechter Investment Advisors, a third-generation wealth advisory and financial services firm, was founded in the 1970s by Robert Schechter, who was formerly one of New York Life's top insurance salesmen before founding the firm. The Birmingham, Mich.-based firm. is one of the fastest growing RIAs, landing at WealthManagement.comS ' RIA Edge 100 list for 2024….

A former Merrill Lynch adviser filed a class-action lawsuit against the wire, alleging it violated federal law by withholding deferred compensation payments. California-based Kelly Milligan filed the lawsuit in North Carolina federal court, alleging he left $500,000 in deferred compensation on the table when he left Merrill Lynch in 2021. Connected: Merrill Reports records wealth,…

CAIS, an alternative investment platform for independent financial advisors, has added alternative asset manager giant Blackstone to its marketplace. “We are committed to providing independent advisors with access to leading alternative investment strategies from the industry's leading alternative asset managers,” CAIS founder and CEO Matt Brown said in a statement. “As the demand for alternative…