InvestmentNews

17/01/2025

Congratulations to Thomas Ruggie, ChFC®, CFP®, CEO of Destiny Wealth Partners, on being named to the InvestmentNews Hot 100 for 2025!

A 30+ year financial-industry veteran, innovator, entrepreneur, and thought leader, Tom is setting new standards in wealth management, offering sophisticated investment opportunities, and helping empower clients to reach their financial destinies.

Explore how Thomas and his team are transforming wealth management—read the full profile now!

https://hubs.la/Q032PYnt0

17/01/2025

Corient kicks off 2025 with a major deal, acquiring Geller MFO's $10.4B family office business. This move expands Corient's UHNW services & strengthens its Northeast presence.

The historically acquisitive RIA deepens its New York presence further ahead of its Canadian parent's planned buyout by a Middle Eastern entity.

17/01/2025

Alicia Rich, head of client and advisor digital enablement at Broadridge, highlights how firms are moving beyond experimentation to take a strategic approach to AI.

As cautious optimism builds around generative AI, the industry must take a more strategic approach to adoption, the head of client and advisor digital enablement at Broadridge said.

17/01/2025

: Preston Cherry, CEO of Concurrent Financial Planning, shares his approach to achieving "financial harmony" in a recent discussion with InvestmentNews anchor Gregg Greenberg.

Preston Cherry, CEO of Concurrent Financial Planning, sits down with InvestmentNews anchor Gregg Greenberg to highlight how investors can unlock "financial harmony" in their lives, starting with a self-audit of their financial situations.

17/01/2025

Demographics & PE money are reshaping the RIA industry! With 105K+ advisors retiring in the next decade, succession planning challenges loom large.

A massive retirement wave is hitting the financial advisor industry and that's causing RIA valuations, and anxiety, to rise.

16/01/2025

Secure 2.0's auto-enrollment rule is here! Plans established after Dec. 29, 2022, must auto-enroll workers starting at 3% contributions. With new IRS & Treasury proposals in play, here's what employers need to know.

Provisions of the Secure 2.0 Act took effect Jan. 1, but regulators only last week proposed rules to govern new automatic enrollment requirements for 401(k)s and other plans, as well as new quirks for catch-up contributions.

16/01/2025

As CFO Michael Santomassimo shared, Wells Fargo is committed to scaling marketing efforts, modernizing operations, and attracting experienced recruits. With $4 billion in revenue for its wealth and investment management group in Q4 2024, the momentum is clear.

Is the bank's next step building out its RIA custody business, one industry observer asks.

16/01/2025

Leadership shakeup at JPMorgan Chase: Jenn Piepszak named COO, succeeding Daniel Pinto, who retires in 2026. While Piepszak rules out the CEO role, succession planning at the largest US bank remains in focus.

The Wall Street giant is making its second leadership change in a year, adding fresh question marks to the potential succession process around CEO Jamie Dimon.

16/01/2025

Waverly Advisors acquires Dickinson Investment Advisors, expanding to $16.4B AUM, while Carson Group brings Taylor Financial Group onboard to launch its Carson Tax Strategy in 2025.

RIA aggregator Waverly is making its debut in Iowa just as Carson Wealth unveils a new tax-focused strategic partnership in New Jersey.

16/01/2025

Ann Nanda, head of future growth initiatives at Prudential, emphasized this as a milestone in expanding retirement security for more people.

The extended collaboration, which includes insurtech provider Fiduciary Exchange, will give new annuity options for RIAs to address investors' evolving needs in retirement.

16/01/2025

: Callie Cox, chief market strategist at Ritholtz Wealth Management, joins InvestmentNews anchor Gregg Greenberg to discuss whether investors should shift to a more defensive strategy following two strong years of market returns.

Callie Cox, chief market strategist at Ritholtz Wealth Management, sits down with InvestmentNews anchor Gregg Greenberg to discuss whether investors should be moving to more defensive portfolios after two strong years of returns.

15/01/2025

The independent RIA platform has partnered with Stonebrook Private, a Northville, MI-based advisory firm with $740M AUM. Led by the dynamic father-son duo Todd and Spencer Knickerbocker, Stonebrook Private embodies the perfect balance of experience and innovation.

Founding partner and CEO Jim Dickson unpacks the firm's first six months, how it's approaching $5 billion in assets, and the "organic growth" challenge he sees for many advisory businesses.

15/01/2025

John Hancock partners with Vestwell to launch FutureStep, a new 401(k) service targeting small businesses. With 30K new plans forming annually, the opportunity for advisors is massive!

With small 401(k)s launching at a fast rate across the country, the company sees a lot of business potential, particularly through financial advisors.

15/01/2025

Chuck catches up with Alex Cavalieri, Director, Head of Marketing for CAIS, to reminisce about last fall's CAIS Summit in Beverly Hills.

Chuck had the pleasure of attending the Summit and was able to capture some excellent content about all things ALTs and RIAs. The replay for that content is up now in the OnLocation section of:

www.goRIA.com

Tune in on January 15th at 3PM ET to hear all about it directly from Alex!

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15/01/2025

Elderly investors harmed by illiquid investments like GWG L bonds are fighting back through arbitration. Recent Finra awards highlight the risks of alternative investments for seniors & the importance of advisor accountability.

It's been an awful road for investors in GWG bonds.

15/01/2025

: How will Trump's pro-growth policies impact the stock market in 2025? Sid Vaidya, US Chief Investment Strategist at TD Wealth, discusses the outlook with InvestmentNews anchor Gregg Greenberg.

Sid Vaidya, US Chief Investment Strategist at TD Wealth, sits down with InvestmentNews anchor Gregg Greenberg to explain how Trump's pro-growth policies will affect stocks in the coming year.

15/01/2025

Overconfidence in investing can lead to costly mistakes. Financial advisors can bridge the gap between confidence and competence by educating clients on diversification, risk tolerance, and behavioral biases.

Even clients with high investment knowledge can make risky portfolio decisions. Advisors can provide a much-needed reality check.

15/01/2025

BMO Capital Markets to pay over $40M in a settlement with the SEC over supervisory lapses in mortgage-backed securities sales. Learn how the SEC’s findings impact investors.

Canadian bank's capital markets arm reportedly failed to detect representatives' misleading disclosures involving $3 billion of mortgage-backed "sliver bonds" sold over a multi-year period.