Private equity has been a strong force in the wealth management space for well over a decade, pushing M&A transactions ever higher. Dissecting the trend, the broker-dealer space has already consolidated tremendously, while the RIA space still has a longer runway. For that and other reasons, RIAs are stealing the M&A spotlight from broker-dealers. I explored this topic with five industry experts this week.
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.
Why RIAs Have Replaced Broker-Dealers As The Darlings Of M&A
I reached out to experts Bryan Staff from Merchant, David DeVoe of DeVoe & Company, Andree Mohr from Integrated Partners, Jacqueline Martinez from Alaris and Jeff Nash of Bridgemark to explore the ongoing shift from broker-dealers to RIAs as the favorite targets of private equity and other capital investors.
Patent Perspectives: Embracing Technology To Move Your Business Forward
This week, we are introducing a monthly column by Pat Hynes, President of Prudential Advisors, on key ideas shaping the future of wealth management, and have titled it “Patent Perspectives.”
In this first installment, Hynes encourages firms to reexamine their value propositions in the light of integrated, tech-forward, client-centric strategies.
Wealthtech Roundup
This month’s roundup covers several integrations, including Orion and iCapital, and Nitrogen and Advyzon, among others. Several firms have added tools, including Cetera and World. Envestnet sold Yodlee, Oasis published research on the top wealthtech platforms and more.
Firms are working at a furious pace to roll out the latest wealthtech solutions, often partnering in the process. This is great news for advisors, but it’s challenging to keep up.
Deals & Recruiting Roundup
This week we cover a minority stake by Elevation Point, an acquisition by NorthRock, DeVoe’s and ECHELON’s latest M&A reports, LPL’s and NewEdge’s recruiting and appointments by Envestnet, Hightower, Gregory FCA, SFA and Wealth Consulting Group.
This has been a very busy week for promotions and people moves.
Finalists Picked For 19th Invest In Others Awards
The Invest in Others Charitable Foundation (IiO) announced 15 advisor finalists across five award categories, who will be honored at the 19th annual Invest in Others Awards on Sept. 25 at the Omni Boston Hotel at the Seaport. Combined, IiO will honor 90 financial advisors this year including 75 Honorable Mentions.
We are proud to partner with IiO, and encourage everyone in the industry to find a way to give back to the community.
Arch Teams With Masttro To Give UHNW Investors Enhanced Alts Data
Wealthtech firms Arch and Masttro announced a strategic partnership to offer investors a digital platform to manage their alternatives reporting, capital call workflows, K-1s and portfolio monitoring.
Wealthtech strategic partnerships often involve a wealthtech firm teaming up with a firm that leverages its services, but sometimes it’s two wealthtech firms working together to provide an enhanced product. This news falls into the latter category.
The Wealth Consulting Group Adds Industry Veterans To Guide Growth Initiatives
The Wealth Consulting Group announced the inaugural members of its Advisory Board: Stuart DePina, formerly of Envestnet; Jason Ehrlich, formerly of Emigrant Partners; Paul Kim of Simplify Asset Management; and Andy Kalbaugh, the firm’s President.
The hybrid RIA looks to catalyze its growth initiatives through the expertise of these industry veterans.
SFA Partners Promotes Inman Porter To SVP Of Advisor Solutions
SFA Partners promoted Inman Porter to Senior Vice President of Advisor Solutions, a newly created role. He will oversee a consolidated group that brings together the firm’s advisor relations and investment solutions teams.
Promoting a high performer internally has many advantages. Internally promoted executives already know the company and culture, and maintain relationships and credibility among the firm’s staff.
Vestmark Teams With BlackRock, Dynasty And iCapital On Private Asset UMA
Vestmark launched a tax-managed unified managed account (UMA) it developed with BlackRock, Dynasty Financial Partners and iCapital that enables RIAs to combine private assets and separately managed accounts (SMAs) within one tax-managed portfolio for their clients.
We often see partnerships, but a broad partnership across four separate firms is rarer.
Reach our audience with your brand’s story. Explore Partnerships with WSR!
Join our growing LinkedIn community.
Larry Roth
CEO
Wealth Solutions Report
