Monterey Private Wealth in California is Creative Planning’s fourth deal in 2025; CEO Peter Mallouk says market volatility is not slowing his firm's plans to add 10 to 12 more firms this year.
Bank of America, Morgan Stanley and Wells Fargo all reported year-over-year growth in wealth revenue; executives cautiously optimistic diversification will help clients weather tariff-induced market turmoil.
Blackstone, Vanguard and Wellington Management announced a partnership to build multiasset portfolios with public and private assets. Charles Schwab announced that Schwab Alternative Investments Select, for retail clients with more than $5 million in household assets. These are among the investment must reads we found this week for financial advisors.
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