Deal volume in the RIA space is up 30% from last year, and “valuations are at an all-time high," said DeVoe & Company, the San Francisco-based consulting firm and investment bank.
Lido Advisors, an RIA in Los Angeles, said Thursday it is taking First Western Financial Inc.'s Los Angeles-based fixed income portfolio management team in-house.
Charles Schwab's 2019 RIA Benchmarking Study revealed new clients sustained their firms' business performance, even as AUM fell slightly in 2018, a result of market volatility.
The wealth management division of Bank of America made nearly $5 billion this quarter and is on track to bring in 70,000 new household clients this year, even as fee-based asset management growth has waned after DOL pullback.
The private equity firm has hired Raymond James to advise, according to published reports.
The firm, led by President Marshall Leeds, is the latest in the network to shut down as an IBD and join Cetera Advisor Networks as a super OSJ.
Intellectual Capital Group recently moved their $800 million book of business from Ameriprise to LPL. Not without a few snags.
Speaking at Pershing’s RIA Symposium, some high-end firms say it’s the family-office-like services that are driving organic growth and client stickiness in their businesses.