A team of advisors in Indianapolis has spun off from Stifel Financial to launch their own business with the backing of Sanctuary Wealth. M&K Legacy Wealth, formerly Tanner Wealth Management Group, has joined Sanctuary's “partnership independence” model, bringing over $1 billion in client assets from Stifel. The team is led by founders and managing partners…

BlackRock agreed to acquire the remaining equity interest in SpiderRock Advisors, a provider of customized options overlay strategies. The deal strengthens Blackrock's separately managed accounts business. “By giving BlackRock more SMA capabilities, this acquisition will enable us to meet the growing demand from wealth managers for customized, tax-efficient portfolios,” Joe DeVico, co-head of BlackRock's business-…

Sponsored by Assessing technology ROI is essential to ensure that investments in digital tools and platforms directly contribute to operational efficiency and customer satisfaction. This process helps to align technology spending with the firm's strategic goals, driving growth and increasing value delivered to customers. Ultimately, developing digital experiences for clients and advisors can help firms…

From large institutions to smaller, nimble startups, firms are showing they want to play in the rich tech space. They have hit the ground running with innovations this year. As we enter the final month of the first quarter, here's a look at some big Wealthtech headlines: We've seen public indications that Vanguard is working…

There is no doubt that knowledge is power. This notion has fueled the popularity of our yearbook Advisor Transition Reportan in-depth analysis of advisor moves, transition deals and important trends in the wealth management space. The report captures the year in wealth management through 2023 and is designed to be a resource for advisors who…

Wealthtech Orion Advisor Solutions will give clients access to alternative investments through a partnership with CAIS Solutions. “We are excited to integrate with CAIS to provide access to alternative investment strategies from leading asset managers,” Orion CEO Natalie Wolfsen said in a statement. “CAIS is consistent with Orion's commitment to supporting the independent advisor community,…

Compound Planning, a $1.45 billion tech-focused RIA created through acquisition last yearadded more recruits in the first two months of 2024 than in all of 2023. With 15 new advisers this year, five more than last year's total, Compound has been taking on recruits at a much higher rate than CEO Christian Haigh's stated target…

(Bloomberg) — The the return of FOMO is fueling concern that the market could fall. Strong earnings and an overall downward trend in inflation have helped fuel a rally in the S&P 500 that few would want to miss. But with the index's 30% gain over the past 52 weeks stemming from just a handful…

(Bloomberg) — Bitcoin price swings are intensifying after the digital asset surged to a record high, and a key question now is how investors in U.S. exchange-traded funds will react to the cryptocurrency. of Bitcoin Volatility Index T3, which uses option prices to give a sense of expected 30-day swings in the tick, has jumped…

(Bloomberg) — The wealth of the typical American senior increased by about $91,000 during the pandemic years as home and stock values ​​rose, a new study shows. Connected: Many young Americans do not see a path to retirement That was the average increase in net worth between 2019 and 2022 for households headed by someone…