Financial Advisor Source

Former Hightower Advisor Moves Discrimination Lawsuit to Illinois

Wealth Management

MAY 15, 2025

Glenn Frank, who was terminated from Hightower in December and launched his own RIA in March, is reviving a discrimination lawsuit against the firm in Illinois.

Former Florida Advisor Gets 8 Years, Owes $37M for Tax Shelter Scheme

Wealth Management

MAY 15, 2025

Florida-based Stephen Mellinger helped clients prepare tax returns that bilked the IRS of $37 million and earned him and co-conspirators about $3 million in fees and stolen funds.

Taxes

Taxes Clients

Four Factors for Potential Breakaways to Keep in Mind

Wealth Management

MAY 15, 2025

The key steps, challenges and rewards of transitioning from a wirehouse to an independent RIA.

Webinars

Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

MORE WEBINARS

FINRA: Strong Governance Key For Firms' AI Success

Wealth Management

MAY 15, 2025

During the agencys annual conference in Washington, D.C., FINRA staff released data showing that registrants primarily used generative AI tools to summarize and answer questions.

Government

The Diamond Podcast for Financial Advisors: What It Takes to Become a Multi-Million-Dollar Producer

Wealth Management

MAY 15, 2025

Altuis Learning's Dave Mullen shares growth strategies honed from his tenure at Merrill, his three bestselling books and his advisor coaching practice.

Financial Advisor

LPL Financial Launches National Consumer Ad Campaign Featuring Anna Kendrick

Wealth Management

MAY 15, 2025

Anna Kendrick is the star of LPL Financials new national consumer-focused ad campaign. The nation's largest independent broker/dealer is looking to bolster its brand recognition under CEO Rich Steinmeier.

Advisors Accuse Ameriprise of 'Mud-Slinging' and 'Name Calling'

Wealth Management

MAY 15, 2025

Ten advisors responded to Ameriprises opposition to their motion to stay its lawsuit against LPL, saying its dripping with personal vitriol and contempt for their legitimate privacy interests.

Three Popular AI-Notetakers Now Integrated with AdvisorEngine

Wealth Management

MAY 15, 2025

Jump, Zeplyn and Zocks, which can all capture meeting notes and create summaries, help generate client communications and trigger service actions, have now been integrated with the AdvisorEngine platform.

Communication

Communication Clients

Osaic Adds Five Credit Unions with Combined $500M from Atria

Wealth Management

MAY 15, 2025

The five credit union wealth management programs join from CUSO Financial Services, part of Atria Wealth Solutions, which was acquired by LPL Financial last year.

Wealth Management

Wealth Management Financial Services Management

Rising Demand for Financial Caregiving Amid Advice Shortage

Wealth Management

MAY 15, 2025

Research from Hearts & Wallets shows a growing need for financial caregiving advice, with advisors noting the importance of working across generations, and with their peers, to meet this need.

Morningstar: 'Fee War' Among Asset Managers Plateaus

Wealth Management

MAY 14, 2025

Morningstar's annual fund fee study found average fees dropped only 2 basis points in 2024.

Assets

Assets Management

The New Legal Landscape of Art Title Claims

Wealth Management

MAY 14, 2025

Criminal courts weigh in on a dispute involving Egon Schiele's Russian War Prisoner drawing confiscated by the Nazis.

Introducing Advanced Life Insurance Case Designs in Times of Uncertainty

Wealth Management

MAY 14, 2025

Advanced life insurance case designs address the what-ifs to protect clients.

Insurance

Insurance Clients

Empower Launches Private Market Investment Option for 401(k) Savers

Wealth Management

MAY 14, 2025

Empower has worked with private market investment providers such as Apollo and Goldman Sachs to make private credit, equity, and real estate available in defined contribution retirement plans.

Retirement Planning

Retirement Planning Investing Investments Marketing

Betterment Acquires Direct Indexing Provider Rowboat Advisors

Wealth Management

MAY 14, 2025

Betterment has acquired Rowboat Advisors, a portfolio optimization software provider with a focus on tax efficiency and direct indexing.

Taxes

Taxes Portfolio

The Healthy Advisor: How Vulnerability Transforms Leadership with Stacie Calder

Wealth Management

MAY 14, 2025

In this episode of The Healthy Advisor Podcast, Conquest Planning's Stacie Calder opens up about how merging the personal with the professional helped her build deeper connections and navigate her own struggles.

Planning

Putting Highly Appreciated Assets to Work for Good Causes

Wealth Management

MAY 14, 2025

Advisors can better serve wealthy clients through strategic charitable giving of appreciated assets, from real estate to business interests.

Assets

Assets Clients

Liam Payne’s Estate Has No Direction Without a Will

Wealth Management

MAY 14, 2025

Liam Payne's son, Bear, stands to inherit his fortune in the absence of a will.

FINRA's Crypto Communications Sweep Likely to Result in Some Enforcement Actions

Wealth Management

MAY 13, 2025

Firms should expect a "small number" of enforcement actions stemming from the targeted exam sweep launched in the wake of FTX's collapse, according to a FINRA enforcement exec.

Communication

Communication Numbers

401(k) Real Talk Episode 152: May 14, 2025

Wealth Management

MAY 14, 2025

The latest episode of 401(k) Real Talk, featuring stories on advisor use of AI, forfeiture lawsuits, lies told to plan sponsors and more.

Planning

Addepar Valued at $3.25B in Latest Funding Round

Wealth Management

MAY 13, 2025

The tech platform provider adds $230 million in Series G funding, which it will use primarily to provide liquidity to employee shareholders.

ASN Lands Arkansas-Based Breakaway, Bringing 2025 Additions to $650M

Wealth Management

MAY 13, 2025

The Advisory Services Network, a platform for small RIAs, has added or is in the works to add 16 RIAs this year, with total assets nearing $10 billion.

Assets

McKinsey on the Future of Advice

Wealth Management

MAY 13, 2025

DC plan record keepers are primed to fill a potential retirement advice void.

Retirement

Retirement Planning

Help for Families—And Advisors—in Navigating the Complexities of Aging

Wealth Management

MAY 13, 2025

bQuest this week launched a turnkey client support platform built with fiduciary advisors in mind, meant to help them deliver vetted aging care-related services as an extension of their core financial planning model.

Financial Planning

Financial Planning Clients Planning

Edward Jones Advisor Count Rises 4% in First Quarter

Wealth Management

MAY 13, 2025

Edward Jones also reported higher client assets quarter-on-quarter as it seeks to broaden its services and improve its home office capabilities for advisors.

Assets

Assets Clients

iCapital Agrees to Buy Citi Wealth’s Alternative Investments Feeder Fund Platform

Wealth Management

MAY 13, 2025

Alternative investments fintech iCapital has agreed to acquire Citi Global Alternatives, which manages over 180 alternatives funds globally.

Investing

Investing Investments Management

Nine Investment Must Reads for This Week (May 13, 2025)

Wealth Management

MAY 13, 2025

Up to $30 billion in mutual fund marketing and distribution fees could be at risk if the SEC approves dual share classes. The Mag Seven stocks have regained momentum in recent weeks, but will that last? These are among the investment must reads we found this week for financial advisors.

Investing

Investing Investments Distribution Financial Advisor

RIA Edge Podcast: Chris Erblich on TFO’s Response to Client Needs

Wealth Management

MAY 13, 2025

TFO Family Office Partners' Chris Erblich details the purpose-driven evolution of the firm into three entities: a full-service multi-family office, a wealth management firm and a South Dakota public trust company.

Wealth Management

Wealth Management Clients Management

LPL Financial Drops Data-Breach Defamation Suit Against Ameriprise

Wealth Management

MAY 13, 2025

LPL agreed to dismiss a lawsuit alleging that Ameriprise had sent misleading information to customers about a potential data breach.

What to Look For (And What to Avoid) in UMAs

Wealth Management

MAY 12, 2025

The increased popularity of UMAs is being driven by a variety of trends in the wealth management universe.

Wealth Management

Wealth Management Management

CFP Board Launches AI-Driven Exam Prep Tool

Wealth Management

MAY 11, 2025

The CFP Board has ramped up its exam prep offering to those pursuing the designation with AI that adjusts to a test takers knowledge level and areas of need.

CFP

Ten Beach Reads Featuring Financial Advisors

Wealth Management

MAY 9, 2025

With summer beach reading season approaching, you cant beat these 10 novels centering on wealth managers.

Financial Advisor

Financial Advisor Wealth Management Management

Sanctuary Wealth Lands $2B Team from UBS

Wealth Management

MAY 9, 2025

1280 Financial Partners also comes with institutional consulting capabilities it will offer to other Sanctuary partner firms.

Consulting

Deals & Moves: Cetera Investors Hires New Head, Citi Wealth Names Capital Markets Lead

Wealth Management

MAY 9, 2025

Several wealth managers announced hires for key positions, including Cetera Investors, Citi Wealth and multi-family offices Parcion and Nordwand.

Wealth Management

Wealth Management Marketing Marketing Management

Wall Street Brokers Risk Losing Billions in Fees on SEC Shift

Wealth Management

MAY 8, 2025

Wirehouses and broker/dealers risk losing between $15 billion and $30 billion a year in fees that they currently collect from the mutual funds they offer to customers.

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

Wealth Management

MAY 8, 2025

Blackstone Inc., Vanguard Group and Wellington Management Co are launching a fund that will invest in public equities, bonds and private markets.

Marketing

Marketing Marketing Management Investments

How Warren Buffett, the 'GOAT' of Investing, Has Influenced RIAs

Wealth Management

MAY 5, 2025

From the heads of mega-RIAs to solo practitioners, many wealth managers say outgoing Berkshire Hathaway CEO Warren Buffett has impacted their investing and management styles.

Investing

Investing Investments Wealth Management Management

Zephyr's Adjusted for Risk: From Private Markets to Professional Sports

Wealth Management

APRIL 28, 2025

Ryan Nauman and CAZ Investments' Christopher Zook highlight the advantages of diversifying portfolios with private assets, such as lower correlation and reduced volatility, which can enhance long-term returns and client retention.

Marketing

Marketing Marketing Portfolio Assets

$2.5B Crewe Advisors Hires New CIO

Wealth Management

MAY 5, 2025

Seth Merrill joins from Ensign Peak Advisors, the investment firm for The Church of Jesus Christ of Latter-day Saints, and replaces Dustin Thackeray, whos been appointed head of portfolio management.

Portfolio Management

Portfolio Management Portfolio Management Investments

Bleakley Financial Breaks Brokerage Ties with LPL in Move Toward Fee-Based Model

Wealth Management

MAY 2, 2025

The Rise Growth-backed Bleakley will now use PKS for brokerage business, although LPL remains its primary custodian.

How To Price Subscriptions

Wealth Management

MAY 2, 2025

A practical implementation guide of how financial advisors can implement a subscription payment model to clients beyond just charging the AUM fee.

Financial Advisor

Financial Advisor Clients

What Clients Must Remember About the Stock Market and Tariffs

Wealth Management

MAY 2, 2025

If they are in the market, they should stay in the market. If they are in cash, then they should stay in cash equivalents.

Clients

Clients Marketing Marketing

Deals & Moves: Savant Adds RIA with Tax Services; Mariner Snags $325M Firm

Wealth Management

MAY 2, 2025

In addition, Ceteras RIA TRPG brings on three advisors overseeing $180 million, while LPL picks up an advisor who had been overseeing $250 million with Raymond James.

Taxes

New RIA Launch Highlights the Challenges for Young Advisors

Wealth Management

MAY 2, 2025

Matt Jaskolkas experience at prior firms led him to launch his own RIA, Jaskolka Financial, pointing to the challenges that still persist for young advisors.

Wealth Management

Former Hightower Advisor Moves Discrimination Lawsuit to Illinois

Former Florida Advisor Gets 8 Years, Owes $37M for Tax Shelter Scheme

Webinars

Trending Sources

Four Factors for Potential Breakaways to Keep in Mind

Webinars

FINRA: Strong Governance Key For Firms' AI Success

The Diamond Podcast for Financial Advisors: What It Takes to Become a Multi-Million-Dollar Producer

LPL Financial Launches National Consumer Ad Campaign Featuring Anna Kendrick

Advisors Accuse Ameriprise of 'Mud-Slinging' and 'Name Calling'

Three Popular AI-Notetakers Now Integrated with AdvisorEngine

Osaic Adds Five Credit Unions with Combined $500M from Atria

Rising Demand for Financial Caregiving Amid Advice Shortage

Morningstar: 'Fee War' Among Asset Managers Plateaus

The New Legal Landscape of Art Title Claims

Introducing Advanced Life Insurance Case Designs in Times of Uncertainty

Empower Launches Private Market Investment Option for 401(k) Savers

Betterment Acquires Direct Indexing Provider Rowboat Advisors

The Healthy Advisor: How Vulnerability Transforms Leadership with Stacie Calder

Putting Highly Appreciated Assets to Work for Good Causes

Liam Payne’s Estate Has No Direction Without a Will

FINRA's Crypto Communications Sweep Likely to Result in Some Enforcement Actions

401(k) Real Talk Episode 152: May 14, 2025

Addepar Valued at $3.25B in Latest Funding Round

ASN Lands Arkansas-Based Breakaway, Bringing 2025 Additions to $650M

McKinsey on the Future of Advice

Help for Families—And Advisors—in Navigating the Complexities of Aging

Edward Jones Advisor Count Rises 4% in First Quarter

iCapital Agrees to Buy Citi Wealth’s Alternative Investments Feeder Fund Platform

Nine Investment Must Reads for This Week (May 13, 2025)

RIA Edge Podcast: Chris Erblich on TFO’s Response to Client Needs

LPL Financial Drops Data-Breach Defamation Suit Against Ameriprise

What to Look For (And What to Avoid) in UMAs

CFP Board Launches AI-Driven Exam Prep Tool

Ten Beach Reads Featuring Financial Advisors

Sanctuary Wealth Lands $2B Team from UBS

Deals & Moves: Cetera Investors Hires New Head, Citi Wealth Names Capital Markets Lead

Wall Street Brokers Risk Losing Billions in Fees on SEC Shift

Blackstone, Vanguard, Wellington to Launch Private Markets Fund

How Warren Buffett, the 'GOAT' of Investing, Has Influenced RIAs

Zephyr's Adjusted for Risk: From Private Markets to Professional Sports

$2.5B Crewe Advisors Hires New CIO

Bleakley Financial Breaks Brokerage Ties with LPL in Move Toward Fee-Based Model

How To Price Subscriptions

What Clients Must Remember About the Stock Market and Tariffs

Deals & Moves: Savant Adds RIA with Tax Services; Mariner Snags $325M Firm

New RIA Launch Highlights the Challenges for Young Advisors

Stay Connected