Mergers & Acquisitions
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Mariner snaps up New York advisory firm with $780M in assets
Mariner Wealth Advisors has acquired a New York City-based financial advisory firm that manages $780 million for clients, a spokeswoman for the firm said on Monday. The deal to join forces with the 20-person staff at RR Advisory Group is a coup for Leawood, Kan.-based Mariner, a national,
The startup costs of advisers' going solo
When asked by financial advisers if it's too expensive to go out on their own, set up shops and create unique brands, I tell them they will definitely incur costs but they aren't necessarily prohibitive — especially for those with an entrepreneurial mindset.
Schorsch snaps up Summit for $49M
Nicholas Schorsch and RCS Capital Corp. continue their blistering pace of broker-dealer acquisitions, announcing the acquisition of Summit Financial Services Group Inc. for $49 million in cash and stock.
Zywave breaks in two
Zywave splits in two, with insurance unit going to a new private-equity owner as financial advisory unit changes name to Advicent.
Southern California RIA looks to acquire
Torrance, Calif., based firm has expanded into San Diego and Orange County, and has bigger aspirations
Two RIAs combine to create $3 billion firm
Two independent advisory groups in the Northeast have combined to create a firm with more than $3 billion assets under management. The Colony Group LLC acquired Prosper Advisors LLC, an independent registered investment adviser based in New York with more than $300 million in client assets, in a
Schorsch's RCAP completes First Allied deal
Firm has 1,500 affiliated registered reps and advisers; $32B in client assets.
Specialized IBD to take on 50 reps and advisers from Veritrust
PlanMember Financial's 400 reps work with school district, nonprofit retirement plans.
Is Investors Capital in play?
Spike in trading and share price fuel speculation that B-D parent is acquisition target.
Canadian firm snaps up L.A.-based wealth manager with $7.3B in assets
Fiera Capital pays $125M for Bel Air Investment Advisors, also buys N.Y. manager Wilkinson O'Grady.
The Takeaway: Nasdaq reopens to wild applause
Portfolio Nasdaq halts for a few hours inexplicably, reopens and stocks soar. Yeah, I don't get it either. ( CNBC ) Deutsche Bank strategist Makoto Yamashita on the prospects of a real U.S. recovery: "LOL" ( BusinessInsider ) Mom & Pop investors cannot sell emerging markets fast enough, $18.1
RIAs the busy beavers in M&A
Registered investment advisory firms continue to be the most active players in the mergers-and-acquisitions game, according to Pershing Advisor Solutions LLC’s latest analysis of M&A trends in the financial services industry. RIAs’ buying other RIAs accounted for 58% of deals so far in 2013, up
AMG takes minority stake in wealth management firm
AMG Wealth Partners LP, a subsidiary of Affiliated Managers Group Inc., has acquired a minority interest in Clarfeld Financial Advisors LLC, a wealth management firm with about $4 billion in client assets. In an ownership and management structure similar to many of AMG's other investments,
Deals at five-year low, with just 18 so far this year, Schwab says
Mergers and acquisitions of RIA firms are running at the lowest levels since the first half of 2008, according to the latest survey of deals by Schwab Advisor Services. Just 18 transactions were completed in the first half, representing $15.4 billion in assets under management, according to data
Focus adds $2.2B
Focus Financial Partners LLC said last Monday that it has added Telemus Capital Partners LLC of Southfield, Mich., to its roster of now 27 partner firms.
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Timothy Welsh, CFP President and Founder, Nexus Strategy, LLC
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