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“We’re not doing deals so that the founder can leave in a year,” says Bob Oros, CEO of Hightower Advisors.
Schwab’s earnings beat analyst expectations and its first-quarter net income was up 14 percent compared to a year ago.
Deal activity was up slightly in the first quarter, halting 2022’s downward slide.
Five years after its founding, fintech company Altruist is challenging established custodians for market share and is on target to be profitable for the first time.
Asset-Map is already used by thousands of advisors — and with its recent Series B funding, it’s targeting even greater growth.
Mergers and acquisitions among RIAs have resulted in a concentration of wealth at a declining number of firms.
Even clients with small teams can get intelligence and the ability to test an investment’s resilience to market shocks.
The company anticipates that asset managers will soon make up 50 percent of its total revenue.
“The wealth transfer is not a future phenomenon, it’s here now,” says Lindsay Hans, the new head of Merrill Private Wealth.
Neil Gilfedder has been appointed to replace Jones, who spent more than two decades in the role.