Growth strategies

The practice received a recommendation from a surprising source and wound up picking its suitor after only a three-month search.

The acquisition of another midsize wealth manager will boost the holding company above 2,500 reps with nearly $95 billion in AUA.

The nearly 10,000 advisors affiliated with the firm grow 2.5 times as fast as their peers at rival brokerages, CEO Jim Cracchiolo says.

A team that has grown through acquisitions dropped the No. 1 IBD after the institution purchased another one for more than $600 million.

Arete Wealth’s niche focus on alts for HNW and UHNW clients has given it a strong foothold in a fractured sector, experts say.

The California company, which focuses on technology companies and entrepreneurs, will make a big push into wealth management as part of the proposed acquisition.

The 40-advisor OSJ brings more than double the assets of any other new group unveiled across the IBD network in 2020.

The private equity-backed firm’s bottom line has been less affected by coronavirus-related low interest rates than its rivals, Moody’s says.

Even with those challenges, rep productivity and client cash balances expanded in the third quarter.

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If approved for an IPO, the blank check company will face stiff competition among the growing ranks of RIA acquirers.

Genstar Capital Managing Partner Tony Salewski spoke openly with advisors about the firm’s investment strategy for the IBD network.

The group of fee-only practices and networks have 1,187 IARs who manage a combined $95.7 billion.

These firms oversee more than $185 billion in combined assets.

The firm is maintaining control but dropping its FINRA registration as the sector’s rising expenses and lower margins fuel consolidation.

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

Funds focused on the sector lost more than $2.4 billion in August, the most since 2016.

Focusing on “investment in leadership and access to markets,” the IBD aims to support reps and clients of diverse backgrounds, its head recruiter says.

The father-son practice with two other advisors switched their affiliations after its founder had spent 18 years with New York Life.