Advisors with independent broker/dealer Commonwealth Financial are weighing their options from LPL, including any retention offers, even as recruiters blow up their phones and inboxes.
First-generation RIA owners like those at CGN Advisors increasingly use synthetic or phantom equity structures to give employees access to a firm’s growth while deferring actual ownership.
Median-adjusted EBITDA multiples hit a near-decade high in 2024, according to Advisor Growth Strategies, and a deal market of more than 40 buyers looks to keep things frothy in 2025.
Scott Pinkerton of FourThought Private Wealth offers a perspective on outgrowing the independent broker/dealer model, transitioning to an independent RIA, and the growth realized as a result of the change.
Despite the platform’s boasts, what it is launching is not any different than other custodians, and advisors shouldn’t be threatened, industry observers say.
State regulators and tech executives characterized the “informal guidance” as “due diligence” meant to clarify the potential liabilities and the safety of client data.
In its fourth deal of 2025, Wealth Enhancement has acquired the wealth services division of First International Bank and Trust, its first location in North Dakota.
Walt Bettinger will also remain a co-chair of Schwab’s board of directors while taking on a role at the private equity firm. Last month, former Schwab CFO Peter Crawford also joined CD&R.
A record 456 advisors joined Michael Kitces and Alan Moore’s 11-year-old support network, evenly split between startups and those with an established book of business.
John Peluso, who led the creation of Wells Fargo’s RIA fee-only advisor program, is spearheading Thurston Springer’s exchange, which includes discounts in areas such as marketing and succession planning.
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