As summer draws to a close, many of us have traded out the sunscreen in our suitcases for business cards in preparation for the fall conference season. As always, I’m excited to see many of you in person across the country this fall at various events. To help you decide which conference to attend, our Guide to Industry Conferences series brings you the necessary details on the top asset management conferences.
Breaking Down The “Big Beautiful Bill”: Tax Insights And Advisor Takeaways
Dave Haughton of Wealth.com sets out the changes advisors need to watch for in the recently enacted “One Big Beautiful Bill Act,” providing precise details on the legislation, how it may affect clients and how advisors can boost service by proactively leveraging the changes.
Beyond the Washington drama, the Big Beautiful Bill demands advisor attention both for the pitfalls it contains and for the opportunities it provides.
Guide To Industry Conferences: Asset Management
Our annual Asset Management installment of our Guide to Industry Conferences brings you the details on the leading asset management conferences for the wealth management industry: the Morningstar Investment Conference, the Investments & Wealth Institute Strategy Forum and the Money Management Institute Annual Conference.
This annual series gives the key details to make decisions on which conferences to attend, covering wealthtech, compliance, M&A, insurance, custodians and, this week, asset managers.
Direct Indexing: A Smarter, More Personalized Approach To Investing
Patrick Shaddow of Syntax Data explains the benefits of direct indexing, including reducing client fees; tailoring portfolios for tax, personal values or client preferences; and improving client service and satisfaction.
Direct indexing has been with us for years, but Shaddow says that improvements in technology have made it more accessible and scalable.
Patent Perspectives: Clients Crave Connection – Supporting Advisor Efforts Is Critical
In this installment of “Patent Perspectives,” we sat down with Pat Hynes, President of Prudential Advisors, to hear his views and experience on how firms can give time back to advisors to be personal and authentic for their clients, what advisor-client connection looks like across various demographic communities and what the phrase “above and beyond” means.
Regardless of technological advances, a personal and authentic human connection is still the foundation of a successful advisor-client relationship.
Deals & Recruiting Roundup
This week, we cover M&A featuring Cresset, Merit, Mariner, Sequoia, RWA and Merchant; recruiting by Sanctuary, Dynasty, Osaic and Cetera; and appointments by Lincoln and Envestnet.
The traditionally quiet month of August has been anything but that this year, with multiple deals in high asset ranges like Merchant’s, Cresset’s and Mariner’s.
Wealthtech Roundup
This month we cover estate planning tools by Vanilla, eLegacy and EncorEstate; Templum and FusionIQ’s partnership on private markets; Nitrogen and Indivisible Partners providing an integrated advisor platform; MyVest and Alphathena partnering on direct investing; and more.
There’s a growing interest in estate planning tools as technology makes it more accessible to advisors, who are learning that they can take the lead in estate planning for clients.
Amplify Launches Tool That Uses ‘Fat Tail Risk’ Modeling Approach
Amplify launched its QuantumRisk tool that replaces older standard deviation and bell curve assumptions with probability modeling and market stress scenarios to examine risk.
In the uncertain world and markets of today, a risk analysis that pays attention to black swans makes sense.
Sanctuary Wealth Recruits $1.2 Billion UHNW UBS Breakaway
Sanctuary Wealth recruited Dial Square Private Wealth to its network. Led by Founders and Managing Partners Jim Chiate and Tony Guinane, who were formerly with UBS, the firm focuses on ultra-high net worth (UHNW) clients and has $1.2 billion in client assets.
This is the latest in a series of wirehouse breakaways attracted by Sanctuary.
Cambridge Launches AI Account Opening Tool
Cambridge Investment Research announced its new agentic AI account opening “digital associate” tool, designed to minimize time in account openings.
The firm says it plans to expand agentic AI into other areas soon and envisions a team of digital and human associates working together.
Cresset Acquires Denver Consulting Firm; Combined Assets Near $200 Billion
Cresset is acquiring Denver-based Monticello Associates in a deal expected to close late this year, giving the combined firm almost $200 billion in client assets.
Aside from the eye-watering numbers, this combination demonstrates that private markets access is affecting M&A because it will create a combined company that will have access to fund managers in the public and private markets.
Merchant Investment Management Stakes $4.2 Billion Kentucky RIA
Merchant Investment Management announced a “strategic partnership” with Lexington, Kentucky-based Meridian Wealth Management in which Merchant invested in the RIA, which managed more than $4.2 billion in client assets as of June 30.
As we said when announcing the CAP 5, private equity firms bring much more than capital to the table. For that reason, Merchant uses the term “strategic partnership.”
Mariner To Add $1.7 Billion In AUA After Buying Arizona And New York RIAs
Mariner announced that it will acquire Rochester, New York-based Forté Capital and Scottsdale, Arizona-based Ultra Financial Partners, adding about $1.7 billion in combined assets under advisement. Mariner Institutions is also buying Southeastern Advisory Services, with $5 billion in AUA.
Mariner, which made seven acquisitions already this year and seven last year, continues its purchases.
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Larry Roth
CEO
Wealth Solutions Report
