RIAs

Principals of RIA firms need to pay closer attention to workflow and operational issues at their firms, especially if they want to stay viable amid rising operational costs, Pershing Advisor Solutions said.

The newly combined Boston-based RIA will have $2.5 billion of client assets.

Linscomb & Williams, which has $2.7 billion in assets under management, hired Abigail C. Gunderson, Ryan L. Patterson and Lauren J. Bain.

The companies, based in Fort Lauderdale and San Francisco respectively, have been fighting an uphill battles against larger competitors. They said in a press release Tuesday that the merger will create a firm, with the scale and resources to provide an alternative for independent investors.

Botsford Group specializes in asset protection strategies, and manages clients’ investing through its proprietary Lifestyle Driven Investing approach.

Investors are as satisfied with full-service investment firms as they were before the recession, but client expectations have spiked, according to a J.D. Power and Associates study. Which firms are investors most satisfied with?

The new platform, introduced by Beverly Hills Wealth Management, enables RIAs and advisors to streamline access and usage of cloud-based service applications and IT security

RIAs who use the combined service will be able to pull up daily client balance, holding and transactional data through ByAllAccounts, plus the reporting capabilities of Portfolio Pathway

Despite a 10% drop in the total number of broker-dealers in the past five years, the total number of reps industrywide has fallen a correspondingly negligible amount.

The Chicago-based company bought Tamarac Inc., to expand the services it provides to RIAs.