Wealth Management

JANUARY 10, 2024

billion in assets and launched an acquisition-focused OSJ model. Ending last year on a high note, the self-styled ‘home for hybrids’ reached $9.5

Assets 275

Assets Recruitment 275

Wealth Management

NOVEMBER 13, 2023

The 7th breakaway advisor to join Snowden Lane this year, William “Trey” Jones III managed $230 million as a VP at Merrill Lynch.

Recruitment 278

Recruitment Assets Management 278

Wealth Management

JANUARY 15, 2025

RetirementDNA, a San Diego-headquartered advisory team with over $1 billion in assets under management, has joined Integrated Partners.

Retirement Planning 264

Retirement Planning Recruitment Retirement Planning 264

Wealth Management

FEBRUARY 22, 2023

During the fourth quarter of 2022, 66 independent financial professionals affiliated with the tax-centric broker/dealer.

Recruitment 246

Recruitment Assets Taxes 246

Wealth Management

MAY 23, 2024

The digital-focused advisory recruits advisors from UBS, Farther and others, bringing its total assets to over $400 million.

Recruitment 306

Recruitment Assets 306

Wealth Management

DECEMBER 5, 2023

The alts-focused investment manager reorganizes to expand affiliation options and welcomes three recruits with more than $560 million in assets.

Recruitment 305

Recruitment Investments Investing Assets 305

Wealth Management

JULY 28, 2023

Aspiriant, Key Private Bank and Merrill Lynch lost advisors to Manhattan West and Steward Partners in moves announced this week, while F.L.Putnam expanded in Maine.

Recruitment 246

Recruitment Assets Banking 246

Wealth Management

MAY 29, 2024

It has already recruited a Towson, Md.-based based advisor with nearly $141 million in assets. Wealthcare Capital Partners aims “to meet the needs of select advisors interested in joining Wealthcare.”

Recruitment 293

Recruitment Assets 293

Wealth Management

JANUARY 3, 2025

Thiel's Indivisible Partners is now liveandhas recruited a former Merrill advisor team, New York-based Woodring I LeRoy Capital Advisors, with about $640 million in client assets.

Recruitment 258

Recruitment Assets Clients 258

Wealth Management

MARCH 28, 2023

As its multi-custodial strategy bears fruit, Steward Partners has recruited Ensign Wealth Partners from Wells Fargo Advisors Financial Network, bringing the firm's total assets with Pershing to over $1 billion.

Recruitment 279

Recruitment Assets 279

Wealth Management

OCTOBER 18, 2023

A year after announcing it would leave Raymond James and restructure from an OSJ to a hybrid, multi-custodial RIA, Concurrent says it recruited more than $1 billion in assets and added Schwab as a custodian.

Recruitment 278

Recruitment Assets 278

Nerd's Eye View

FEBRUARY 18, 2025

In this episode, we talk in-depth about how Sebastian hired a team member to become a quality control specialist (and has now added a second) specifically to follow up with clients after meetings to ask about their experience with both their advisor as well as with other departments in the firm with which they interact (from the front desk to operations), (..)

Financial Planning 141

Financial Planning Clients Planning Wealth Advisor 141

Wealth Management

OCTOBER 28, 2022

While securities volatility lead to slightly lower total assets and soaring cash balances, LPL's earnings report showed strong quarterly recruiting, pulling in $13B in new money and adding 173 advisors.

Recruitment 264

Recruitment Marketing Marketing Assets 264

Wealth Management

APRIL 16, 2025

Opal Wealth snags former Goldman VP to head growth; Cetera recruits former Osaic advisor; Bleakley details acquisitions with over $1 billion in assets.

Recruitment 232

Recruitment Assets 232

Abnormal Returns

JULY 15, 2024

finance.yahoo.com) Envestnet ($ENV) has sold to Bain Capital, Reverance and a handful of big asset managers. riabiz.com) The biz Farther has recruited a number of advisers from Goldman Sachs' ($GS) United Capital unit. (open.spotify.com) Envestnet Even before the deal, Fidelity and Envestnet were getting closer.

Recruitment 255

Recruitment Financial Advising Retirement Insurance 255

Abnormal Returns

MARCH 4, 2024

Retirement JP Morgan Asset Management's 'Guide to Retirement.' fa-mag.com) Headcount RIAs need to do a better job of recruitment AND retention. am.jpmorgan.com) How longevity literacy affect financial wellness in retirement. papers.ssrn.com) Why getting charitable giving in retirement right is challenging. (fa-mag.com)

Recruitment 279

Recruitment Estate Planning Financial Planning Retirement 279

Diamond Consultants

DECEMBER 18, 2024

Whats the reality when it comes to recruiting and transitions? One factor working in favor of higher deals: For the first time in recent memory, all four wirehouses are back in the competitive recruiting battle. Competitive recruiting is coming to an end at the big firms. An annual perspective for advisors. time and 2.)

Recruitment 52

Recruitment Retirement Assets Education 52

Abnormal Returns

NOVEMBER 21, 2022

(riabiz.com) Retirement Why retirees should include Social Security into their asset allocation. wsj.com) Advisers How to recruit, train and retain next generation advisers. morningstar.com) Delaying taxes in retirement isn't always the best strategy. thinkadvisor.com) It's hard to make the case for IRA contributions later in life.

Financial Planner 147

Financial Planner Asset Allocation Recruitment Financial Advising 147

The Big Picture

APRIL 29, 2025

This is Masters in business with Barry Ritholtz on Bloomberg Radio 00:00:17 [Speaker Changed] This week on the podcast, Jeff Becker, chairman and CEO of Jenison Associates, they’re part of the PG Im family of Asset Managements. Jenison manages over $200 billion in assets. Each of these asset managers had A-A-C-E-O.

Management 130

Management Assets Portfolio Insurance 130

Nerd's Eye View

SEPTEMBER 28, 2022

Joe is a Partner and Head of Goldman Sachs Personal Financial Management, a national wealth management firm within Goldman Sachs which oversees more than $100 billion in assets under advisement for tens of thousands of client households.

Financial Advisor 130

Financial Advisor Executive Compensation Wealth Management Recruitment 130

Nerd's Eye View

APRIL 4, 2023

Marc is the Founder of Fairhaven Wealth Management, an independent RIA based in Wheaton, Illinois, that oversees more than $1 billion in assets under management for 450 client households. Welcome to the 327th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Marc Horner.

Financial Advisor 130

Financial Advisor Marketing Marketing Recruitment 130

Diamond Consultants

APRIL 15, 2025

Most advisors begin the exercise of evaluating a move through two important metrics: expected asset portability and total potential recruiting deal (transition package). Quality team members make a wealth management business operate like a well-oiled machine, ensuring that service is impeccable, and clients are happy.

Clients 52

Clients Recruitment Compliance Wealth Management 52

Diamond Consultants

OCTOBER 23, 2024

recruit advisors. In addition to recruiting deals, many firms also offer sunset or retire-in-place packages that afford advisors a second bite at the proverbial apple without the need to make another transition down the road. Asset portability and retention are required to realize the majority of deal economics.

Recruitment 72

Recruitment Assets Wealth Management Taxes 72

Diamond Consultants

AUGUST 23, 2023

On the one hand, as the largest global wealth manager, the firm boasts an internationally renowned brand, a sophisticated investment, trust, and lending platform, and a more boutique feel than its direct competitors. UBS’s withdrawal from the Protocol for Broker Recruiting in 2017 further validated this theory.

Recruitment 52

Recruitment Wealth Management Clients Communication 52

Diamond Consultants

APRIL 12, 2023

The natural order is being tested in the wealth management industry. Imagine a horizontal line on an otherwise blank sheet of paper: This line represents the wealth management industry landscape. Clients are more concerned than ever (and rightfully so) about the safety and security of their assets.

Banking 52

Banking Wealth Management Recruitment Clients 52

Diamond Consultants

MARCH 14, 2023

In a world driven by the bottom line, the root of contentment often lies behind less “easily measured” criteria For all of the time, energy, effort, and money that firms spend on recruiting advisors, there’s one critical question they often neglect to address. After all, more assets mean more revenues for everyone—advisors included.

Financial Advisor 59

Financial Advisor Recruitment Clients Assets 59

eMoney Advisor

DECEMBER 15, 2022

That’s because the advisors expected to retire control 40 percent of total industry assets, or roughly $10.4 Compensation for financial advisors can be challenging to calculate, especially because of the widespread model of being paid based on assets under management, which can fluctuate with the markets. Kitces.com.

Financial Planner 74

Financial Planner CFP Certified Financial Planner Financial Advisor 74

Diamond Consultants

JUNE 14, 2023

When advisors evaluate wealth management firms, there is a series of items they are (rightfully) concerned with above all else. Do they treat you as a VIP during the recruiting process? Are they pricing you aggressively relative to similar size advisors they have recruited? Are they responsive to your asks?

Recruitment 52

Recruitment Wealth Management Clients Economics 52

Diamond Consultants

MAY 3, 2022

There’s been an interesting shift in movement amongst one sector of wealth management: private bankers. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks. By our count in 2021 alone some 19 teams managing over $88B in assets transitioned from private banks.

Banking 52

Banking Commission Wealth Management Assets 52

Diamond Consultants

JUNE 28, 2023

First, UBS left the Protocol for Broker Recruiting. Wells offered them the ability to have a unique brand on their website, a custom-built space, and demonstrated through the recruitment process that management could remove obstacles more easily than they experienced at UBS. But things started to change at the firm.

Compliance 52

Compliance Recruitment Clients Compensation Planning 52

Diamond Consultants

MAY 17, 2022

In their recent study, The Impending Succession Cliff , Cerulli reported that more than one-third of advisors are expected to retire within 10 years, setting up the transition of nearly 40% of assets. Yet some 26% of advisors still do not have a succession plan in place.

Retirement 52

Retirement Planning Recruitment Wealth Management 52

SEI

SEPTEMBER 17, 2022

So when you look at the company as a whole, a substantial portion of our revenue is related to wealth management processing or occurring on SWP. Maybe we can touch base on your asset management distribution business. Maybe if you can just comment on your advisor recruiting efforts. Rajiv Bhatia: Got it.

Clients 49

Clients Assets Banking Planning 49

The Big Picture

MAY 9, 2023

He is the Chief Investment Officer of Asset and Wealth Management at Goldman Sachs. He’s a member of the management committee. He co-chairs a number of the asset management investment committees. trillion in assets under supervision. At the end of 2008, we owned a lot of illiquid assets.

Assets 299

Assets Clients Investments Investing 299

The Big Picture

APRIL 25, 2023

Now, full disclosure, Ritholtz Wealth Management has been around a decade. And I said, I really think that we would be able to do a great job for our RIA clients, for our wealth management clients, by having this consulting firm, and they rejected the idea. They’re almost a billion dollars in assets.

Compliance 162

Compliance Clients Wealth Management Management 162

Diamond Consultants

MARCH 13, 2024

Even leading industry reports reflect a pattern of impending demise for the wirehouse channel: In a 2023 report , Cerulli stated, “By 2027, independent and hybrid RIAs will control about one-third of the intermediary market, continuing the trend of advisors and assets moving to these channels.”

Recruitment 52

Recruitment Wealth Management Retirement Clients 52

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. He founded Carson Group in 1983, which now has over $15 billion in assets under advisement.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52

Indigo Marketing Agency

JANUARY 24, 2024

Michael Kitces Reason to Follow: Unparalleled insights and thought leadership in financial planning and wealth management Michael Kitces, a legend among financial advisors, is an industry name who needs no introduction. He founded Carson Group in 1983, which now has over $15 billion in assets under advisement.

Financial Advisor 52

Financial Advisor CFP Financial Services Education 52