Objective guidance and expertise that’s unmatched in the wealth management space
Knowledgebase for Advisors
Recent news, updates and advice from our blog for financial advisors and business owners.
The latest from our podcast series for financial advisors
Finding Your Unfair Advantage: David Canter on Bluespring, M&A, RIAs, and more
Independent business owners have a growing field of options when opting to sell all or a piece of their business. And in what continues to be an active M&A market, Kestra Holding’s Bluespring Wealth Partners has been attracting their fair share of headlines, closing out 2022 with 9 acquisitions. Yet one of the biggest announcements last year could be that of former Fidelity Executive VP and Head of the RIA segment David Canter taking on the leadership role of Bluespring. In this episode, David shares what makes Bluespring unique, plus his perspective on M&A, independence, business ownership, and more. 
Listen…
Everything You Need to Know About Independence: An Industry Update
While independence has become a more mainstream path for those considering change, we find that many advisors are still not completely aware of the options available in a continually evolving landscape. In this episode, Jason Diamond offers a quick yet thorough education on the independent space answering, the questions that many of our advisor-clients ask us during due diligence. Listen…
Andy Sieg: A Candid One-on-One With the Leader of the Merrill Thundering Herd
In a rare appearance, and a milestone event for a series originally designed to explore the independent space, Andy Sieg, President of Merrill Lynch Wealth Management, joins the show for a candid one-on-one interview with Mindy Diamond. They discuss his perspective of what’s top-of-mind for Merrill advisors when it comes to culture, growth, recruiting, transition deals, the growth grid, Bank of America, independence, and much more. Listen…
In the News
RIA Recruiting: Here’s What Advisors Want from a Firm
January 26, 2023 Jason Diamond Quoted by DJ Shaw Attracting and retaining top talent are key to the success of…
Read MoreWall Street’s Still Hiring: Here’s where 14 recruiters say the jobs are, from multi-strategyhedge funds to fintechs
January 25, 2023 Louis Diamond Quoted By Alex Morrell, Bianca Chan, Emmalyse Brownstein, Hayley Cuccinello, Michelle Abrego, Paige Hagy, and…
Read More$1B team moves to Commonwealth with goal of 1,000 financial advisors
January 23, 2023 By Tobias Salinger A billion-dollar team with nine planners left Edward Jones for Commonwealth Financial Network with a goal…
Read MoreRIA Roundup: New Deals, Roles and Grads
January 20, 2023 By Ali Hibbs Cedarwood Financial Partners Jumps to Commonwealth from Edward Jones. Waltham, Mass.-based Commonwealth Financial Network,…
Read MoreWhy Merrill, Bucking Trend, Won’t Offer Independent Model for Advisors
January 19, 2023 Mindy Diamond Quoted by Victoria Zhuang Merrill Lynch will not offer a way for financial advisors to independently affiliate…
Read MoreCommonwealth Recruits Advisors With $1 Billion From Edward Jones
January 17, 2023 By Andrew Welsch Commonwealth Financial Network, a hybrid RIA and independent-broker dealer, recruited a group of advisors…
Read MoreWhy Wealth Management is Goldman Sachs’ New ‘Crown Jewel’ with Dealmaking at a Standstill
January 18, 2023 Louis Diamond Quoted By Hayley Cuccinello CEO David Solomon acknowledged that a stronger wealth and asset management…
Read MoreTransition Announcement: Edward Jones Advisors with $1B AUM Break for Independence with Commonwealth
This group of Edward Jones advisors recognized that independence was the path most aligned with their values and vision for…
Read MoreFederal proposal to ban noncompete clauses could affect RIA M&A
January 9, 2023 Louis Diamond Quoted By Mark Schoeff Jr. If advisors who have less than a certain ownership threshold…
Read MoreFTC’s Proposal Would Give Some Advisors Greater Mobility, Recruiters Say
January 9, 2023 Louis Diamond Quoted by Glenn Koch The Federal Trade Commission last week proposed a rule that would prohibit employers…
Read MoreAdvisors Are Unhappy, and They Have Options, Recruiters Warn
December 31, 2022 Louis Diamond Quoted by John Manganaro As the wealth management industry prepares to tackle a new and…
Read MoreCommonwealth cuts RIA custody fee, toggles Fidelity and Schwab as sub-custody and co-custody partners, and explains why its model puts $1 trillion of (mostly) RIA assets in reach
December 6, 2022 Louis Diamond Quoted by Brooke Southall and Oisin Breen Fresh off three-year hiatus, Wayne Bloom framed his…
Read More