Cetera Adds 900 Advisors, $40B in AUM in Voya Deal
The 900 Voya advisors won't have to repaper client accounts, and Cetera will offer some form of transition assistance to retain them.
View ArticleS&P: Voya Deal Does Not Impact Cetera Credit Rating
Cetera's acquisition of Voya's financial planning channel is expected to moderately increase the firm’s leverage, but not enough to change S&P Global Ratings' credit outlook.
View ArticleThe Week's M&A in Wealth Management
The wealth management deals for the week of February 8, 2021.
View ArticleMark Yusko on SPACs
The head of RIA Morgan Creek Capital recently launched an ETF to diversify investments in the blank-check companies.
View ArticleFINRA Firms Want Inspectors to Work Remotely, Permanently
FINRA-regulated firms say the industry is prepared to conduct proper supervision virtually on a permanent basis after the pandemic ends; state securities regulators and others worry about what could...
View ArticleThis Week's Wealth Management M&A Deals
The M&A deal announcements for the week of February 22, 2021.
View ArticleCetera Buys RIA MAGIS Financial Partners
Cetera Advisors gets into the M&A game, buying its first RIA from another Genstar Capital–backed firm, Ascensus.
View ArticleInvestors Demand Top Notch Tech, Former CEO Joins Invent.us
Over the past few days, firms have been adding strategic partners to their stables, tying up connections between tech and practices, even as investors hold advisors with good tech in high regard.
View ArticleWealth Management Deals of the Week
The mergers, acquisitions and advisor moves announced the week of March 8, 2021.
View ArticleAdvicePay Launches Compliance Feature for Enterprises
Called Deliverables, AdvicePay's latest advancement is the 'final step' in an all-in-one fee-for-service platform.
View ArticleCMO Berta Aldrich Departs Private Advisor Group
Aldrich is the latest in a string of high-profile marketing officers in the advisory space to leave their firms over the past few months.
View ArticleThis Week in Wealth Management M&A
The mergers, acquisitions and advisor moves you may have missed the week of April 12 to 16, 2021.
View ArticleSuccession Planning Goes In-House
A new crop of programs at IBDs helps advisors find successors—keeping their clients, and assets, close to home.
View ArticleScaling Financial Planning Into a Revenue Center for Your Enterprise
Now Available On Demand
View ArticleFormer MML Advisor Launches $2.4B OSJ With Cetera
The firm has been renamed Totus Wealth Management and offers property and casualty insurance, asset management and advisory services.
View ArticleThis Week in Wealth Management M&A Deals
The mergers, acquisitions and advisor moves you may have missed the week of May 3, 2021.
View ArticlePrivate Advisor Group Launches Another Affiliation Model
The large enterprise RIA is building a limited purpose broker/dealer to attract hybrid advisors who want to custody outside of LPL Financial.
View ArticleFirms' Inspections of Offices May Stay Remote Into 2022
During a panel at FINRA's annual conference, Executive Vice President and Chief Legal Officer Bob Colby said the agency is speaking with SEC staff about the extension.
View ArticleThis Week in Wealth Management M&A Deals
The mergers, acquisitions and advisor moves you may have missed the week of May 17, 2021.
View ArticleThe Week in Wealth Management M&A Deals
The mergers, acquisitions and advisor moves you may have missed the week of May 24, 2021.
View ArticleFormer Cetera Advisor Gets Five Years in Prison for Defrauding Clients
David Aaron Rockwell pleaded guilty to charges of wire and bank fraud in January and will pay more than $1 million.
View ArticleExclusive: Cetera Retains Over 90% of Voya’s Advisors in Acquisition
Cetera completes its acquisition of Voya’s financial planning channel, which will join the firm’s regional director model and be rebranded Cetera Wealth Partners.
View ArticleLPL Recruits $1.6 Billion Voya OSJ in Wake of Cetera Acquisition
Brian M. Woods Financial Services, which oversees 30 advisors and $1.6 billion in assets, decided to jump ship to LPL Financial, after the firm's b/d, Voya, was acquired by Cetera.
View ArticleSmartAsset Reaches Unicorn Status
SmartAsset landed $110 million in a Series D funding round that pushed the firm's valuation over $1 billion. But not all advisors find the service to be useful.
View ArticleThis Week in Wealth Management Deals
The mergers, acquisitions and advisor moves you may have missed the week of June 21 to 25, 2021.
View ArticleWhat's the Future of the IBD?
Independent broker/dealers are expanding their affiliation models, with many following advisors into the fee-only RIA space—does it signal the end of the IBD as we know it?
View ArticleHow Advisors Charge for Planning
More advisors are separating fees for financial planning from investment management, but what’s the right price tag?
View ArticleGenstar to Buy Majority Stake in Compliance Consulting Firm Foreside
Compliance consulting and mutual fund distribution company Foreside, which itself has grown significantly through acquisition over the past two and a half years, has been acquired by private equity...
View ArticleSecurities America Restructures Supervision Department
As part of the revamp, the department has been renamed 'field supervision,' and the firm has promoted Steve Palmer, a first vice president of sales supervision, to lead it.
View ArticleHonolulu-Based Pacstar Financial Group Moves to LPL
Advisor Alan Kodama exited Ameriprise Financial for LPL Financial, citing additional resources and lower-costing investment options as reasons.
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