Atlanta-based Homrich Berg is acquiring WMS Partners, a $6.4 billion multifamily office and RIA in Maryland. This will bring the firm's total assets under management to over $24 billion. Tyson, Md.-based WMS Partners. will become part of the Homrich Berg Family Office. WMS was founded in 1993 by Tim Chase, David Citron and Martin Eby…

The unsung heroes of wealth management, non-traditional CTOs, are shaping the future of the industry. Source link

While the share of financial adviser AUM allocated to model portfolios has grown modestly in recent years, there has been a significant shift in how advisers use models, according to Model Portfolio: Adaptive Solutions for Portfolio Growth report by State Street Global Advisors, the investment management division of State Street Corp. State Street's findings show…

If we've got this right, you don't know all, or even any, of the names on this list. But we think that individuals here, in different ways and at different scales, are building companies or pushing forward new initiatives that will have a major impact on the financial advisory business over the next few years….

Oregon-based Lindsey Group and Trost Financial's Los Angeles team have combined forces within the $38 billion employee-owned Steward Partners. The two firms will merge to create the Lindsey-Trost Group of Steward Partners. The addition of Trost and his staff will bring an additional $180 million in assets under management under Steward's leadership; when combined with…

Of the approximately $84 trillion flowing to younger generations in succession “large transfer of wealth”about $12 trillion is likely to be earmarked for charity, as young adults and millennials are trying to align their values ​​and beliefs with their assets, as well as take advantage of favorable tax strategies. Furthermore, many of the younger beneficiaries…

TAMPS are both old news (they were created over 30 years ago) and all the rage, as advisors increasingly seek to outsource (or offload) investment functions to spend more time with clients and prospects . Kyle Wiggs, co-founder and CEO of UX Wealth Partners, wants to push TAMP even further into the future by leveraging…

Serial tech startup founder Uri Levine famously advised entrepreneurs to “fall in love with the problem, not the solution.” Most advisors, however, would like a solution to the problem that Eden Ovadia and her team at FINNY AI admit to obsessing over: organic growth for RIAs. FINNY's mission is to automate lead identification, prospect prioritization…

Vanessa Martinez is tired of “holistic” planning. With the entire wealth management industry rushing to embrace it, the term, she said, is starting to lose meaning. Enter Martinez and her firm Expressive Wealth, an RIA focused on “inclusive” planning for women, families and next-generation investors. Related: Focused on the Future: Lifespan Risk and the Role…

The mergers and acquisitions market for registered investment advisers continues to be hot, with deal volume breaking new records quarter to quarter. As the RIA industry matures, so does the M&A advisory space. Deal structures are becoming more complex and new, deep-pocketed buyers continue to enter the market. Jacqueline Martinez has had a front row…