Two national registered investment advisor firms are to merge creating an entity managing around $11.2 billion. Curi Capital ($1.6 billion AUM) and RMB Capital ($9.6 billion AUM) will combine as part of a wider deal that sees Curi Holdings Inc. acquire a majority stake in RMB, with the transaction expected...
Steward Partners has expanded into the Peach State with a two-person advisor team managing approximately $275 million in client assets. Miller Family Wealth Management comprises partner, managing director and wealth manager Charles (Chuck) Miller and partner, vice president and wealth manager Sim Learn more about reprints and licensing for this article.
Long-term financial goals are losing their priority status to immediate need as millions of Americans grapple with the cost of living. Retirement savings may be an essential pillar of financial planning but new stats from Fidelity Investments show that average account balances decreased in the third quarter of 2023, while...
Husband and wife financial advisors Kevin Okim, CFP, and Deborah Okim, CFP, AAMSTM, have made a big decision to switch affiliation after more than two decades with their old firm. “It was not an easy decision for Kevin and me to transition from our previous firm after two decades, but...
Solving the world’s biggest issues will involve, at least in part, an area of technology that is known as ‘deep tech’ and it’s now an established asset class according to new research. Boston Consulting Group says that deep tech now claims a stable 20% share of venture capital funding, ro Learn...
National registered investment advisor firm Nepsis Inc. has acquired a full-service tax, accounting, and consultancy firm to expand its brand and offering. The Minneapolis-headquartered firm has acquired Sevenich Butler Gerlach & Brazil Ltd., which will be incorporated into the Nepsis brand a Learn more about reprints and licensing for this article.
A 26-year-old firm from the small town of Uncasville, Connecticut, has joined LPL Financial’s broker-dealer, RIA and custodial platforms, having grown a $220 million AUM practice. Michael Doherty Jr. founded Doherty Financial Services in 1997 and has always put family at the heart of the busine Learn more about reprints and...
Bullish or bearish? It depends on who you ask according to two sentiment surveys released this week. The first, the quarterly Charles Schwab Trader Sentiment Survey, found that bearishness on the U.S. stock market has increased to 53% in the fourth quarter of 2023 compared to 35% in the previous...
One of the pioneers of robo-advisors has reached a significant new milestone and expects continued exponential growth. Wealthfront now oversees more than $50 billion for more than 700,000 clients, mostly U.S.-based professionals and the firm is expecting revenue growth of 140% for 2023. It’s al Learn more about reprints and licensing...
Savant Wealth Management has added another large-AUM firm to its growing list of acquisitions in 2023. The company has acquired Bridgeworth Wealth Management, a woman-led registered investment advisory firm with offices in Birmingham and Huntsville, Alabama, with 58 employees and approximately $2.2 billion AUM. The deal is Savant’s second largest...