Sponsored by What defines a successful firm in 2023? Since firms come in every shape and size imaginable, finding a single definition of success for modern advisors is nearly impossible. This new report digs deep to uncover the common factors that determine success for consulting firms. Rather than applying the same bar to every firm,…

Sponsored by In a world where financial planning has often been perceived as a privilege reserved for the wealthy elite, Axtella is focusing its efforts on creating a mindset shift: debunking industry myths by democratizing access to financial guidance through tactics that resonate with different audiences. Axtella's mission is to cultivate human-like experiences for…

Sponsored by The wealth management industry is on the cusp of a seismic shift. By 2025, the number of ultra high net worth (UHNW) clients with $50 million or more in assets will grow 30% over 2021 levels1. While UHNW clients are eager to see their money grow, wealthy investors and their families face numerous…

Subscription-based scheduling firm Facet this week announced that it has raised $35 million in new funding. The round was led by Multiplier Capital, with additional investment from previous investor Warburg Pincus, as well as Audacious Capital and others. Related: WealthStack Roundup: Cheryl Nash Returns to Lead Role at Investcloud's APL While generally considered a venture…

Cetera Financial Group is acquiring Concourse Financial Group Securities, the dual registered broker/dealer and RIA arms of Protective Life Corp. The deal will gain Cetera approximately 350 financial professionals, more than $12 billion in assets under administration and $4 billion in assets under management. Cetera Holdings CEO Mike Durbin said the acquisition of Birmingham, Ala.-based…

Alternative investment platform iCapital reached over $200 billion in global assets this September, doubling the volume of assets on the platform in nine months. Of this amount, approximately $172 billion came from US investors and $28 billion from international investors. The increase in assets coincides with the increase in the number of funds and managers…

S&P Dow Jones' updated methodology for some of its indexes has affected $300 billion in ETFs, the Financial Times reports. Mergers & Acquisitions looks at whether evergreen funds can grow, given their promise of greater liquidity for investors. These are among this week's investment must-haves for wealth advisors. Source link

It is often the COO who will lead their firm through implementing a new process or adopting a new technology tool, so a common question I ask guests about The COO Roundtable Podcast is, “How do you successfully affect change in your organization?” Many assume that the COO role is primarily technology-oriented, but in fact,…

(Bloomberg) — Dynasty Financial Partners, a provider of back-office services to independent investment advisers, won backing from BlackRock Inc. and JPMorgan Asset Management as it looks set to accelerate growth. Related: The $700 million team relinquishes the right to launch the dynasty-backed RIA The minority equity raise values ​​the dynasty at about $800 million, according…

Sponsored by In this episode of the RIA Edge Podcast, David Armstrong, editorial director in Informa Connect's Wealth Management Group, sits down with Jalina Kerr, managing director of client experience for Schwab Advisor Services. Jalina talks about Schwab's approach to improving the advisor experience, including the group's work on technology integrations, the changes made in…