Advisor Channels

The hit to the markets and the economy will change the dynamics of RIA mergers and acquisitions—as well as firm valuations.

The turnkey asset management platform’s deal with OBS Financial provides a “low-risk entry point” into the $500 billion bank trust channel.

Reston, Va.-based Global Advisor Group left Raymond James' independent contractor unit to affiliate with LPL's largest enterprise.

With uncertainty around how custodians will service smaller advisors going forward, shuttering the RIA and affiliating with a larger platform seems to be a better option for many sub-$150 million advisors.

During a call with investors, CEO Walt Bettinger dismissed speculation that the firm is interested only in $1 billion-plus RIAs as 'inaccurate, naïve and inconsistent with everything that we have done for the last 25 or 30 years in the RIA space.'

Advisor and OSJ manager Salvatore Dispenziere III will bring over the three advisors in his office as well as three other individual practices he supervises.

While it will still represent the firm’s commitment to the fiduciary model, HighTower’s refreshed branding will focus more on its community of advisors and the holistic wellness of the end clients they serve.