SEC Eyes Data Collection Conflicts in New Comment Request
SEC Chair Gary Gensler says the emergence of new investment technologies that embrace gamification and collect user data raises questions as to whether investors are appropriately protected.
Tag: RIAs
RIAs Leave NYC in ‘Mini Exodus’; More Move to Florida
The COVID-19 pandemic has presented an opportunity for firms to reconsider their physical footprint and relocate their headquarters to new areas that better suit their needs.
RIA Aggregators Aim for Small-Plan Market Expansion
OneDigital and Ascensus recently announced the availability of a ‘co-created small market solution,’ making OneDigital the latest adviser aggregator to launch a DC plan solution targeted at small businesses.
Even As Industry Consolidates, Breakaways Remain Common
Data from Echelon Partners shows the number of adviser or adviser team ‘breakaways’ declined by nearly 20% in 2020 versus 2019. However, 2019 set the record for breakaway activity.
Even 2020 Couldn’t Dampen RIA Industry M&A Momentum
Though the whole year and the final quarter, especially, have already delivered impressive numbers, there are expectations that some additional major transactions could soon be announced.
Products
Investment Product and Service Launches
Allianz Life launches solutions platform for RIAs; Wilmington Trust adds sign-on program; Columbia Threadneedle announces 2021 successor; and more.
Deals & People
Deals & People
Trends
Practice Management
Practice Management
Investing
Compliance
Practice Management
RIA M&As Show No Sign of Slowing in 2020
Industry executives also say that valuations for strong companies are holding steady, even as the pandemic raises broader economic challenges.
Ambitious Firms Seeking Vertical Integration in the Financial Services Industry
The concept of ‘vertical integration’ is historically association with heavy manufacturing industries such as steel production, but it is increasingly the goal in financial services M&A transactions.
Mergers and Acquisitions Hit Hard by COVID-19
Between March and May, there were only 10 RIA transactions and two IBD deals, according to Fidelity.
Consolidation Pressures
2019 breaks M&A records.
RIA M&As Hit Record High for Fifth Consecutive Year
However, fewer RIAs and fee-based advisers expect consolidation to increase in the next 12 months, compared to five years ago.
Registered Advisers Often Confused by Custody Reporting
Form ADV includes a number of questions about the custody of client assets; these questions continue to be a source of widespread confusion and inconsistent interpretations in the asset management industry.
Many Asset Managers De-Channel Their Salesforces
They see the differences between wirehouses, broker/dealers and registered investment advisers blurring.
Cybersecurity Is RIAs’ Biggest Compliance Concern
This is the fifth year in a row they have identified cybersecurity as their No. 1 concern.
2017 Ends With Flurry of RIA M&As
There were 41 deals in the fourth quarter.