Every family trip is unique, but regardless of where they are in their evolution, all sophisticated families today have one thing in common: increasing complexity. Wealthy families are entering a perfect storm of changing family demographics, dizzying technological advances, and disruptive geopolitical and socioeconomic forces. Source link

Georgia-based $12 billion firm Merit Financial Advisors is acquiring Roth Asset Management, a $773 million Lake Oswego, Ore.-based firm, strengthening Merit's presence in the Pacific Northwest. President Steven B. Roth will join Merit's board as an asset manager and said Merit's “collaborative team-based approach” stood out when he was looking for potential buyers. Roth Asset…

Sponsored by Related: RIA Edge 100: The Mather Group In this episode of the RIA Edge Podcast, David Armstrong, editorial director in Informa Connect's Wealth Management Group, speaks with Jennifer des Groseilliers, CEO of The Mather Group. The conversation took place live during Schwab's recent IMPACT Conference in San Francisco. Jennifer was recently named head…

The groundbreaking trust law is the first of its kind in the country. Source link

An update on key planning developments. Source link

Twenty-one US states now have domestic asset protection (DAPT) statutes. Some commentators initially thought that DAPT statutes would be limited to smaller populous states, but with Ohio's entry into the DAPT arena, the DAPT list gained a populous state that is also a major banking center. Further, Tennessee, Indiana, and Missouri all have DAPT statutes,…

Corient, the rebranded US wealth management business of CI Financial, announced plans to acquire HM Payson & Co., a Portland, Maine-based registered investment adviser with $7.9 billion in total assets. This includes $1.2 billion in trust assets handled through HMP's Maine trust company. Terms of the deal, which is expected to close in 2025, were…

Wirehouses are exploring how to combine direct indexing, separate manager-traded accounts and alternative investments into unified managed account platforms, FundFire reports. BlackRock and Franklin Templeton each released their private market outlook for 2025. These are among the must-read investments we found this week for wealth advisors. Source link

Raymond James and Beacon Pointe Advisors announced significant acquisitions. Raymond James lured a nearly $1 billion team from Merrill Lynch, while Beacon Pointe Advisors added two advisory teams totaling $613 million in client assets. According to Raymond James, advisers Adam Ours, John Koch and Padma Jambunath are joining the firm's employee adviser channel, created to…

Cerity Partners, a New York-based registered investment advisor with $103 billion in assets under management, has announced plans to acquire Fishman Block + Diamond, an accounting, tax and business advisory firm in Encino, California. The deal will expand Cerity's tax advisory services and add 46 employees to the firm. When closed, FBD will operate as…