Concurrent Investment Advisors hit growth targets in its first year as a newly structured hybrid RIA and started 2024 with several new additions, the firm reported this week, while Carson Group announced additions to both RIA platforms, Realta Wealth tapped a former Cetera SVP to serve as CFO and Savant Wealth Management named DeLynn Zell…

(Bloomberg) — UBS Group AG's more diversified wealth management exposure and business mix make it more attractive than its U.S. peer Morgan Stanley, according to analysts at JPMorgan Chase & Co. While both firms are expected to generate around 60% of profits from asset-pooling businesses in 2027, JPMorgan analyst Kian Abouhossein said the Swiss bank…

(Bloomberg) — Connected: Cathie Wood sees resurgence in thematic investing as Fed cuts rates Cathie Wood is many things to many people in St. Petersburg, Florida. it Investment Management Fund is the main tenant in a modern condition initial incubator. It partners with the local school district on a science and technology curriculum. And she…

Earn income by selling covered call options on a single US-listed stock and ETF, such as Tesla, Apple, NVIDIA, Amazon, Google and many other companies that may not normally offer their own dividends. All YieldMax™ ETFs use the same core investment strategy: a synthetic covered call strategy. YieldMax™ ETFs are actively managed ETFs that synthetically…

Diversify Advisor Network, a $7 billion Utah-based wealth management firm comprised of two corporate RIAs and an alternative-focused asset management shop, has expanded the investment management capabilities available to its ecosystem increasing number of advisors. At the end of last year, Diversify introduced a new organizational model and brand to expand its membership options. Formerly…

Bob Oros recently celebrated his five-year anniversary as CEO of fast-growing RIA platform Hightower Advisors. He was in New York City this month to attend an annual event featuring TV personalities with investment expertise and spoke with WealthManagement.com about what he's accomplished at Hightower, where the industry is headed, and whether there's any truth to…

As long as the phones keep ringing, most RIA businesses are perfectly content to stick with tried and true tactics—the ones that brought them success in the first place. Do a good job. Build customer relationships. Introduce yourself to local attorneys. Then, watch your business grow. But now, we are in the midst of massive…

Spring in our nation's capital can always be marked by three telltale signs: cherry blossoms blooming, 8th graders descending from across the country, and a presidential budget request. The president issues a budget request each year detailing his tax and spending priorities. The request is always an aspirational document, a kind of political wish list….

Cetera Financial Group, the broker/dealer network with more than $475 billion in assets under management, has approved four Bitcoin ETFs for use among its 12,000 affiliated advisors. The firm has also put in place a formal policy around the use of ETFs in brokerage accounts, including required training available starting March 25 on the firm's…

If your value as a financial advisor still centers on portfolio management, then your business model is at risk – not unlike selling maps in the GPS age. To succeed in the future, advisors will need to evolve their approach to achieve what AI cannot: building the emotional connections that enable clients to lead more…