Advisor Headcount Falls 5 Years in a Row: Cerulli
By Janet LevauxWhile total numbers fell, RIA and hybrid channels added advisors and are expected to keep growing over the next five years, the research firm says.
February 09, 2015
Top 15 States With Most RIAsThe number of RIA firms increased to 31,975, according to SIFMAs 2014 Factbook, despite an active merger year.
February 09, 2015
PE Firm TA Associates Acquires Majority Stake in NorthStar FinancialManagement of CLS Investments, Gemini and Orion will remain, looking to complement organic growth with the private equity firm's capital and expertise in acquisitions.
February 09, 2015
Raymond James Nabs $2.6M Ex-RBC TeamIn addition, a former Merrill Lynch rep affiliates with LPL Financial, and Baird adds an ex-UBS team.
February 09, 2015
Cambridge’s Continuity Partners Group Welcomes First RIAGould Asset Management, with $450 million in AUM, joins 168 Cambridge reps in advisor succession group.
February 04, 2015
SEC Busts 3 Advisors for Falsifying State RegistrationsThe three firms claimed they did business in Wyoming, an unregulated state, while maintaining offices elsewhere, the SEC says.
February 03, 2015
SS&C Buys Advent Software for $2.7 BillionGrowth in the RIA space is a key motivator of the deal, says Advent CEO Pete Hess.
February 03, 2015
BDs’ Cybersecurity Stronger Than Advisors’: SEC, FINRA ReportsBoth the SEC and FINRA will "likely bring enforcement actions if firms policies and procedures are found to be deficient, warns Sutherland's Brian Rubin.