RIAs

Patrick Goshtigian takes the helm as the firm continues an expansion that began in 2005, via core operations and acquisitions.

The newly created firm’s target net-worth range is broad enough to allow Angeles Wealth Management to allocate clients’ money in a wide range of asset classes.

Independent broker-dealer and RIA Lincoln Investment Planning has agreed to buy broker-dealer and RIA Capital Analysts from Western & Southern Financial Group, the firms announced. The deal, terms of which were not disclosed, is expected to close in the second quarter of this year.

As part of the arrangement, Adams Hall will retain its name and gradually integrate its operations and systems into Mariner’s over time.

Just over three-quarters—76%—of advisors who have recently shifted to an independent business model say they're better off financially, according to a new study by Fidelity Investments. And 64% of those who say they're better off were better off within six months of their move, according to the study.

Michael Hamm has left a position as vice president at Cambridge Investment Research in Fairfield, Iowa, to become a senior vice president at The Legend Group in Palm Beach Gardens, Fla.

Alex Murguia, managing principal of McLean Asset Management and CEO and founder of inStream Solutions, believes advisors should be aware of major changes underway in the planning profession—and should take proactive steps to safeguard their practices. Financial Planning talked to Murguia about his views on the outlook for RIA businesses.

Just a few days after Bob Oros left Trust Company of America as national sales manager, Fidelity Institutional Wealth Services has confirmed he will start next week as executive vice president of RIA sales and relationship management.

New M&A data from Schwab seems to suggest that the RIA space is not consolidating as fast as some have predicted it would – though the final analysis depends on how you define consolidation.

Columbus, Ohio-based Beacon Hill Fund Services announced their first customer for its new Advisors Investment Trust product. The product enables multiple unaffiliated registered investment advisors to co-exist in the same registered investment company.