Registered Investment Advisor, RIA News

Updated Friday, April 18, 2014 as of 1:30 AM ET

Industry - RIAs

Cerulli IDs $74 Billion Exit From Wirehouses

Advisors don't need a national brand behind them to attract assets, say recruiters and RIAs after new research from Cerulli Associates that shows a strong flow of assets toward independent advisors from the big wirehouses.

"Advisors are more focused on transparency and gaining access to a wider array of the most suitable solutions for their clients,” says Ned Van Riper, an advisor recruiter. “Clients are working with advisors based on their relationship with the advisor, not the firm behind the advisor." more »

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SEC Charges RIA With Kickback Scheme

Three advisors for San Diego-based Total Wealth Management -- including one who apparently once worked for the FBI -- now face SEC charges for allegedly paying themselves concealed revenue-sharing fees from investments they recommended to clients. more »

Washington Wealth Nets Breakaways With $150M

Washington Wealth Management has recruited two advisors from UBS and Wells Fargo, where they collectively managed approximately $150 million in assets. more »

Navy Veteran to Lead NAPFA

NAPFA has named a fee-only RIA who has served in the U.S. Navy to serve as its next national chair. more »

3 Smart Habits of 'High-Performing Advisors'

Study finds short-term AUM and compensation growth, but long-term problems ahead for financial advisors. more »

GenSpring AUM Plunges as Executive Exits Continue

AUM drops 31% as more top brass depart, with parent SunTrust filling executive ranks with veterans of the bank. more »

Big Trends From Tiburon: Robo Advisors, DIY and Tech Changes

The rapidly emerging online distribution channel is attracting serious venture capital, while "do-it-yourself" firms with combined delivery mechanisms will be a "smart bet" going forward. See the list. more »

Senior Exec Exits LPL; Firm Cites 'Concerns' Over Interactions With Employees

Head of LPL's Advisor Services' departure 'not related to company performance,' according to a company statement. more »

4 Critical Trends for Wealth Management: Online Integration & More

Integrating online and in-person advisor experiences to keep up with the competition will be a critical priority for wealth managers, according to the report. more »

Advisors on the Move: Raymond James Snags $2.5M Team

Raymond James lands a $2.5 million team while Dynasty nabs two teams from Merrill Lynch. Here's a roundup of some of the most recent moves among independent financial advisors. more »

Focus Financial Adds 9th Firm This Year

Louisiana-based Summit Financial aims to expand establish itself as a regional power in the Southeast, leveraging its location between New Orleans and Houston. more »

Dually Registered Advisors in SEC Crosshairs

As service models shift, dually registered advisors have been making big competitive gains. Now the SEC has them in its regulatory sights. more »

RIA Leaders With the Wealthiest Clients

After publishing our third annual RIA Leaders list, Financial Planning dove into the numbers to identify which of the top 100 actually have the wealthiest clientele. more »

Advisors Beware: Single Data Breach 'Can Bring Down' a Practice

For investment advisors with a small pool of clients, the threat of a cyber attack that could compromise investors' personal identifying information is especially acute, says one IT expert. more »