Patrick Donachie

The founding members include Mariner Wealth Advisors, Halbert Hargrove and Modera Wealth Management. Co-Chairs Gerry Goldberg and Grant Rawdin hope the initiative will help firms adopt best practices for servicing...

The deal with Pegasus Partners is the largest since Lido sold a minority stake to private equity firm Constellation Wealth Partners earlier this year.

Reg BI compliance and the use of crypto assets are other areas of focus for the upcoming year.

Separate lawsuits have LPL Financial and Ameriprise Financial battling over advisors leaving, claiming breach of contract and misuse of confidential client information.

John Hardin will join UBS in Miami with Integra Partners, a private wealth team with more than $7 billion AUM. Senior Wealth Strategy Associate Katelyn O’Hara will join him.

Private-equity backed RIAs and private equity firms accounted for most of the third quarter’s deal activity, according to Echelon Partners

Berta Aldrich will fill the newly created role; StepStone also hired a new head of RIA enterprise relationships.

Wealth revenue is up 14% on the year, however, net interest income slightly decreased due to “lower average sweep deposits.”