Several RIAs took large positions in Bitcoin ETFs in the country during the first quarter and in the months after The SEC approved the vehicles in Januaryaccording to the latest quarterly 13-F filings. Legacy Wealth Management, a Woodbury, Minn.-based RIA. with 398 clients and $394 million in AUM, disclosed the purchase of 352,594 shares in…

One last one Wall Street Journal HistoRy about Josephine (Jo) Franklin, a once-famous TV reporter from a wealthy family who apparently had it all only to end up homeless living in a parking lot, is an unfortunate example of the number of mental illnesses, especially when it comes to financial and estate planning. Obsessed with…

Cetera Financial Group, a network of RIAs and independent broker/dealers overseeing approximately $665 billion in cumulative client assets, has drawn a new head of corporate development from Avantax, the $84 billion wealth management firm , focused on taxes. bought it last year. Michael Molnar spent four years leading succession planning for Avantax's independent broker/dealer platform…

Rumors of an imminent sale of AssetMark, was first raised in Decemberturned out to be true. AssetMark Financial Holdings Inc. announced Thursday that it agreed to be acquired by private equity firm GTCR. Connected: AssetMark's Chinese owner explores strategic options including stake sale Shareholders of the asset management platform and technology provider will receive $35.25…

Why do advisors pursue change? It often comes down to this statement: “We were not able to 'empty'.” And for many, this void is filled with statements like: Serve customers without limits. Build a brand, or market freely to customers and prospects. Access a stronger platform or better technology. Own capital…

2024 has marked a pivot of economic conditions that investors should keep in mind. Over the past two years, we've seen rampant inflation, rapid rate hikes, negative real rates, an income recession, tight corporate balance sheets as wages rose, and a recession that never appeared. What has changed? We observe stronger economic growth, positive real…

Minneapolis-based Wealth Enhancement Group, an acquirer RIA with almost $82 billion in client assets, has selected a Maryland hybrid firm with more than $502 million in AUM. Located in suburban Baltimore, Columbia, Lynch Retirement Group includes three advisors and three support staff and was previously affiliated with Raymond James for brokerage and advisory services. Connected:…

The sharp rise in interest rates is driving a record amount of investor dollars into cash products and other capital-protected investments such as structured principal-protected notes and indexed fixed annuities. Today, there is almost 4 times more demand for equity-protected products than for capital at risk products.* Join the Calamos Investments team as they discuss…

Almost a year later its passage from a supervisory jurisdiction office under Raymond James, Concurrent is moving into “growth mode” as a multi-custodial, hybrid RIA platform for independent advisors. Underscoring the new focus, the firm announced a handful of hires made this year in support of accelerated growth and improved advisor services. All come from…

Following yesterday's release of the final version of the Labor Department's new trust rule, critics and advocates are poring over the 466-page text for changes from last fall's proposed rule. A securities attorney tried to reassure those advisers who work with retail investors that little would change for them, since they have long fallen below…