RIA News

Edelman Financial Engines' current chief, Larry Raffone, will transition to chairman, effective in August.

A trio from the former Signature Bank will operate as an independent team associated with a branch of Cadaret Grant.

While fluctuating capital markets may have caused buyers to become more selective, the talk of slowing RIA M&A activity has been overexaggerated, and valuations remain high for growing firms, said panelists at the RIA Edge conference last week.

Launches, acquisitions and affiliations were all announced in the RIA landscape this week, as were some key people moves.

RIAs should already be providing more than a portfolio and financial plan, say the heads of Morningstar and Pershing X, but will need to do more to capture trillions of assets expected to transfer in the coming years.

For 13 years beforehand, Yadlapati worked for Focus Financial Partners, most recently as managing director and co-head of M&A.

Mike Durso spoke with Louis Diamond at RIA Edge about leaving Morgan Stanley to launch an RIA with support from Dynasty Financial Partners.