At WSR, we strive to bring you the best in thought leadership every week, from experts across all spaces in the wealth management industry. And in the spirit of the holidays, we are thankful to those thought leaders who bring you the best in insights and analysis through our platforms. This week, John O’Connell of Oasis unpacks the essentials of thought leadership.
We also bring you our Deals & Recruiting Roundup, Mercer’s acquisitions in Minnesota and Colorado totaling almost $1.7 billion, Fifth Third’s expanded Charlotte presence through recruiting a $2 billion team, Cerulli’s report revealing RIA consolidators now represent $1.5 trillion in AUM and Communify Fincentric’s new COO.
Deals & Recruiting Roundup: This edition covers CAPTRUST acquiring Boston Financial Management, Mercer Global Advisors acquiring Chapel & Collins and Waypoint Capital Advisors, Waverly Advisors acquiring Buckingham Advisors, Allworth Financial acquiring City Fiduciary Group, Creative Planning acquiring Edmonds Duncan, Integrated Partners supporting the launch of Generation Capital Advisors, Fifth Third Wealth Advisors adding an advisor team in North Carolina, Avantax recruiting Trust Matters Financial, Miracle Mile Advisors opening its first Chicago office, Wealthspire Advisors conducting arts-investor education, EP Wealth Advisors appointing Jorge Bernal as COO and RBC Wealth Management recruiting advisor Julie-Anne Lewis.
Thought leadership: John O’Connell, Founder and CEO of The Oasis Group, describes the differences between thought leaders and other leaders or influencers, the benefits of being a thought leader, and how you can become one.
Charlotte’s $2 billion recruit: Fifth Third Wealth Advisors (FTWA) expanded its presence in Charlotte, North Carolina, with the addition of an advisor team that had been managing $2 billion in client assets. The team includes Scott Bailey, Scott Cislo and Murray Kinlaw. Eric Housman, President of FTWA, commented.
Colorado and Minnesota acquisitions: Mercer Global Advisors, a subsidiary of Mercer Advisors, announced the acquisitions of Chapel & Collins in Fort Collins, Colorado, and Waypoint Capital Advisors in Minneapolis. Chapel & Collins’ Founding Partner, Dennis Collins, and Waypoint’s CEO and Managing Partner, Jon Kennedy, provided comments along with Mercer’s Principal, M&A Partner Development, Martine Lellis, and CEO Dave Welling.
Consolidator growth: RIA consolidators have grown significantly over the past decade and now represent $1.5 trillion in AUM, and tech has become a key component of RIA consolidator offerings, according to “The Cerulli Report—U.S. RIA Marketplace 2024.” Stephen Caruso, Associate Director at Cerulli, provided comments.
Tech COO: Communify Fincentric announced the appointment of Nicole Nakashian, formerly of InvestCloud, to the role of COO. Nakashian and CEO and Chairman John Wise commented.
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Larry Roth
CEO
Wealth Solutions Report
