Advisor Channels

But it will also bring the growth of thousands of RIAs, said Pershing’s Mark Tibergien, speaking at the MarketCounsel Summit.

'I’ve gone through several mergers in the financial services industry, and I want to be prepared for what the options could be,' said Sam Dedio, an RIA managing $7 million in client assets.

The firm will acquire Western International Securities, adding 400 advisors and a new affiliation model.

Fiduciary Network exits its investment in Pathstone, as the private equity firm takes a significant stake in the RIA.

The CEO of HighTower "simplified the playbook" at the firm—in January 2018, the firm owned 23% of the revenue, leaving 77% at risk of attrition. Now, it owns 91%.

LourdMurray’s simultaneous deal with Delphi and HighTower may be the way future mergers in the RIA space develop.