Portfolio

Bob Oros is a leading candidate to head the RIA, but he, or any other successor, will be under “super pressure” from the firm’s owners.

Recently, higher interest rates and stock market volatility have undermined gains.

The company's head count has expanded by 43 advisors in the past year.

The advisors retained from shuttering Broker Dealer Financial Services will add more than 80 advisors now able to tap into the buying firm’s offerings.

Some were unable to access the firm’s website while the S&P 500 experienced its worst decline in nine months.

Concerns include preparing for SEC reporting rules and modernizing operational infrastructure to address evolving markets.

“It’s hard to outrun secular risk,” says T. Rowe Price CIO David Giroux.

Concerns include preparing for new SEC reporting rules and modernizing operational infrastructure.

The move is the latest effort to reduce the early flow of money out of 401(k)-style plans.

The New York aggregator’s performance to date “will make it easier for other RIAs to go public,” says industry analyst Chip Roame.