Sanctuary Wealth, the Indianapolis-based partnership of independent registered investment advisers, will acquire Tru Independence, a Portland, Ore.-based RIA support platform. which works with 30 firms managing $12.5 billion in client assets. Once the deal closes, tru will operate as a separate entity from Sanctuary, retaining its brand and management team. The combined entity will serve…

Measured by the ratio of monthly net flows to assets. Minimum $10 million in net assets. Data of 24.04.2024. 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…

Financial services still rely on content. Improve workflows with Content Cloud for file management, collaboration and security. Source link

After more than two months of positive fund flows, the largest bitcoin ETFs have posted outflows in recent days. Morningstar looked at five ETF trends to watch in the current market environment. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com Staff | April 30, 2024 Source link

A former Ameriprise adviser was sentenced to five years in prison for stealing more than $1.2 million from at least ten clients, according to the Justice Department. Dusty Sternadel pleaded guilty to wire fraud in January and was sentenced Friday by U.S. District Judge Reed O'Connor in Texas federal court. Connected: Indiana councilman sentenced to…

BIP Wealth is acquiring Money Advisor Group, increasing its assets under management to over $3.3 billion. BIP Wealth provides investment management and planning for high net worth individuals and families, with offices in Atlanta, Alpharetta, Ga., and Nashville, Tenn. and Columbus, Ga., since acquiring Money Advisor Group (that firm manages about $300 million in assets)….

Diversify Advisor Network, a $7 billion Utah-based wealth management firm comprised of two corporate RIAs, a broker/dealer and an alternative-focused asset management division, has launched a new program targeting services retirement plan advisors. The program leverages the expertise of Todd Nuttall and David Gardner, who merged their Caliber Wealth Management firm into Diversify earlier this…

Advisors Asset Management CIO Cliff Corso provides a historical perspective when assessing today's investment environment. During this very informative and entertaining discussion, Cliff also shares his thoughts on building an investment portfolio to help weather rising inflation and uncertain monetary policies. Source link

Many investors prefer cash dividends, especially those who use a cash flow approach to expenses. From the perspective of classical financial theory, this behavior is an anomaly. In their 1961 paper, Dividend policy, growth and stock valuation, Merton Miller and Franco Modigliani famously proved that dividend policy should be irrelevant to stock returns. As they…

Signature Estate & Investment Advisors, a Los Angeles-based registered investment advisor backed by private equity firm Reverence Capital Partners and Osaic, will acquire Cedar Brook Group, a $2 billion RIA in Cleveland, Ohio. The deal, expected to close in June 2024, would represent SEIA's largest transaction since Reverence invested in 2022 and its first major…