RIAs

The founder of Veritable, the country’s third-largest RIA, says his firm’s new partnership with wealth management giant Affiliated Managers Group is part of a broader effort to build a business that can last for generations.

Affiliated Managers Group acquires the nation’s third-largest RIA and CEO Sean Healey says the Boston-based firm will be looking to make more deals down the road to bulk up its wealth management business.

The uncertainty is ‘unbelievably disruptive’ for advisors at a time when clients are beginning to have more confidence in the markets and investing. Likely candidates to buy could include Cetera and Lincoln Financial, observers say.

Kitces is co-author of The Annuity Advisor, and is a contributor to Financial Planning magazine, as well as a string of major consumer publications.

If an industry-wide fiduciary standard is adopted, what might the practicalities of meeting that standard be? Citi’s financial services unit has some possible technology-based answers to this question.

Chicago-based brokerage and investment advisory firm David A. Noyes has hired an executive away from Fifth Third Bank to join the ranks of its wealth advisors as a vice president.

During the transition, Ibis plans to retain its 83 client relationships representing $300 million in assets under management.

San Diego-based Planner William Blanton and his team at Vintage Wealth Capital Management brought their $170 million book of business to Washington Wealth Management this week, in the latest addition to the rapidly growing Middleburg, Va.-based RIA.

Symetra Investment Services has hired a new director of business development away from Lincoln Financial Network, the retail sales and financial planning affiliates of Lincoln Financial Group.

The new hire, Joseph Zidle, guided investing strategy for almost $2 trillion in individual investor assets in his prior role.