Sponsored by In this episode of the RIA Edge Podcast, David Armstrong, editorial director in Informa Connect's Wealth Management Group, sits down with Dick Pfister, founder of AlphaCore Wealth Services, to explore his firm's investment approach that puts alternatives in core of service delivery. Dick discusses his early days bringing alternatives to advisors with his…

Sponsored by As attorneys guide their clients through complex estate planning, tax, and charitable giving issues, they have a powerful but often overlooked tool at their disposal—community foundations. At these philanthropic organizations, staff are experts in local issues and the nonprofits that work to address them. And community foundations can partner with estate attorneys to…

Estate planning today often encompasses a variety of purposes, ranging from tax planning to asset management and asset control strategies. Many very high net worth families seek asset protection or divorce planning, multigenerational planning, privacy, control and flexibility of assets, and savings on income and estate taxes. Flexibility and control are increasingly key goals of…

$24 billion advisory firm Lido Advisors is merging with Pegasus Partners, a Wisconsin-based registered investment adviser with more than $3 billion in assets under management. The deal will strengthen Lido's commitment to ultra-high net worth families in the Midwest region “and beyond,” according to Lido Advisors president Ken Stern. Related: RIA Edge Podcast: Ken Stern…

Abbey Eastham, a former senior manager of investment solutions at Cetera Financial, has joined Realta Wealth, a hybrid broker/dealer and RIA platform in Wilmington, Del. with more than $3 billion in AUM and 150 advisors, as head of advisor relations, a new company. the position created. Eastham spent the last six years at Cetera in…

(Bloomberg) — EF Hutton, the Wall Street household name that was reborn as a leading SPAC investment bank, is splitting up after the two partners who revived the brand agreed to drop lawsuits against each other and hit the road theirs. The firm said in a statement released Sunday that Joseph Rallo and David Boral…

Hightower has agreed to acquire a majority interest in NEPC, an institutional consulting firm and chief investment officer (OCIO). The deal will bring institutional research and investment capabilities to Hightower Advisors. With the addition of NEPC, Hightower and its affiliates will represent over $1.8 trillion in assets under advisement and $258 billion in assets under…

The Securities and Exchange Commission charged New York-based investment adviser WisdomTree Asset Management Inc. for making anomalies and for compliance failures in relation to the way it managed the funds it traded including environmental, social and governance factors. According to the SEC order, from March 2020 to November 2022, WisdomTree invested in companies involved in…

LPL Financial's board of directors has named Rich Steinmeier, former managing director and chief growth officer, as its new chief executive officer, effective immediately. Steinmeier had served as interim CEO since Oct. 1, when the board left by President and CEO Dan Arnold for violating the company's respectful workplace policies. Steinmeier was also elected to…

Examiners at the Securities and Exchange Commission are investigating the integration of AI advisors into their operations, including portfolio management, trading, marketing and compliance. Under the SEC's Division of Examinations' Priorities for 2025, released Monday, examiners can examine firms' “compliance policies and procedures” related to AI-related services or procedures and their disclosures to investors. Related:…