iCapital’s latest advisor survey shows how alternative investments are no longer “alternative” in the wealth management space, with 96% of advisors planning to maintain or increase alts exposure in the next year. When debt and equity simultaneously dropped in 2022, alts were thrust into the limelight. Private assets are now leading the charge as alts continue to become established in portfolios.
Taking A Deep Dive Into Pooled Employer Plans
Sander Ressler of Essential Edge discusses Pooled Employer Plans (PEPs) with Mark Foster of SageView Advisory Group, Victor Hicks II of Perigon Wealth Management and Jeff Atwell of AmericanTCS.
PEPs became reality only four years ago – in the middle of a pandemic – and many small business owners aren’t familiar with this retirement alternative designed for small business employees.
Embracing Change: How Letting Go Can Lead To New Beginnings
Leigh White of Myriad Advisor Solutions opens up about struggles and lessons learned as she counsels readers to embrace change. She discusses success in career and life, her succession of CEO responsibilities to her daughter Danielle White and how she found greater satisfaction by changing her views on control and leadership.
Thanks to Leigh for the courage to share her moving story. It’s an inspiration to our industry, as well as an example of how preparing the Next Gen of leadership in advance provides for a smooth succession.
iCapital Survey: Advisors Embrace Alts As Portfolio Growth Engine
Advisors are increasingly embracing alternatives as a growth engine for clients’ investment portfolios, viewing them now as essential portfolio components, according to the findings of iCapital’s new “2025 Global Advisor Survey.”
The survey found 96% of advisors planned to maintain or increase their exposure to alts over the next year. Private equity, credit and hedge funds were the most favored asset classes.
Deals & Recruiting Roundup
This week’s Deals & Recruiting Roundup covers acquisitions by Osaic and Beacon; minority stakes by Concurrent; Raymond James, RBC and LPL attracting recruits; Allegiant Wealth Advisors launching; and Mariner and the Wealth Consulting Group making appointments.
Concurrent launched a minority investment program called RIA Capital Partners and announced the first two stakes under that program.
Wealthtech Roundup
This month’s Wealthtech Roundup covers announcements about lead prospecting from FINNY and Snappy Kraken, news from FP Alpha and Commonwealth about estate planning, blockchain tokens, recovering class action settlements and, of course, AI.
Technology tools have changed lead generation, prospecting and conversion into an entirely new game.
Osaic To Add $13.5 Billion In AUM With CW Advisors Acquisition
Osaic, which is backed by private equity firm Reverence Capital Partners, is acquiring CW Advisors, which manages $13.5 billion in fee-only client assets, from Audax Private Equity.
This transaction demonstrates two key points: Private equity continues to dominate the wealth management landscape and the very large industry firms are still keen on inorganic expansion.
Beacon Capital Acquires $1 Billion Astor
Beacon Capital Management will buy Astor Investment Management, with $1 billion in AUM. Astor will bring its methodologies to Beacon, which will provide its advisor support to Astor’s advisors.
Both firms emphasize risk management for portfolios, and the acquisition will enable them to combine approaches.
The Wealth Consulting Group Hires Former LPL Exec Andy Kalbaugh
The Wealth Consulting Group (WCG) hired Andy Kalbaugh, a former executive at LPL Financial, to lead its strategic growth initiative as President.
Kalbaugh’s former role at LPL dovetails with his new role, supporting growth at a hybrid RIA affiliated with LPL.
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Wealth Solutions Report
