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Cerulli projects that by 2027, independent and hybrid RIAs will control about one-third of the intermediary market.
The new rule proposed by the DOL would close loopholes that the Biden administration says are currently against investors’ interests.
Investors willing to pay for advice grew from 36 percent in 2009 to 64 percent this year, according to Cerulli Associates.
Issues around investment advisors, broker-dealers, and self-regulatory organizations all made the list of the top seven examination priorities. But the SEC dropped ESG.
Deals in the third quarter were 32 percent higher compared to last quarter, according to a new report by Echelon Partners.
Farther’s investors now include Lightspeed Venture Partners, Bessemer, and Khosla Ventures.
Datalign’s technology operates on a bidding system and the company says their lead appointment rate is between 30 percent to 40 percent.
The company has raised $33.5 million over two years and says it has a 5-year runway.
