WM RIA Edge Newsletter
 
Wealth Management Daily Memo

DECEMBER 03, 2024

RIA News

Constellation Stakes $60B AUM RIA Cresset

Constellation has invested $150 million, representing less than 10% of Cresset’s business.  

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$7B RIA Procyon Hires Advisor Recruiter From Baird

Rich Franchella joins Procyon to lead business development and recruit advisor teams across the RIA’s business verticals.

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WMIQ RESEARCH
Driving Firm Growth 2024
Understanding the differing needs of younger and veteran advisors.
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Miracle Mile Adds $194M Maryland Firm

Offit Advisors represents the fourth practice to join Miracle Mile in 2024, bringing its total assets under management to $7.4 billion.

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Ryan Beach Takes the Helm at Wealthtech Consultancy F2

Co-founder Doug Fritz will become executive chairman of the firm’s board and work with clients and on strategy.

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WHITE PAPER
Why Automation Is the Key to Sustainable Growth
Discover the real difference between fast-growing RIAs and those that plateau in this free guide from Practifi.
Download Now >

Planners-To-Be Overwhelmingly Want Firms Emphasizing Pro Bono Work

About 83% of aspiring CFP planners are “very likely” or “likely” to work at a firm encouraging pro bono policies, according to a new survey.

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Advisor Sentiment Index

Advisor Sentiment Index: Confidence in the Economy, Stock Market Climbs Higher

In the weeks leading up to November’s election, financial advisors were largely positive on the state of the economy and the stock market, according to the monthly Advisor Sentiment Index.

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