Louis Diamond Quoted – By Charles Paikert, Financial Planning – Matt Brinker, the M&A mastermind who supervised 90 deals in his 13 years as a top executive at United Capital Partners, has joined Merchant Investment Management as a managing partner. The move strengthens the New York-based holding company’s already formidable executive lineup and underscores the company’s bid to become a major player in the RIA M&A market.
In the News
Our expertise is often sought by leading national media publications for bylined articles and to provide background and color to industry news.
By Mindy Diamond, WealthManagement.com – Change is a fact of life, and humans are built with varying degrees of adaptability and resilience. That is, there are those who see change for what it is and rise to new challenges, and others who turn their heads in hopes that things will “settle down.” Yet, in the wirehouse world, there is no sign that things will settle down.
Barbara Herman Quoted – By Miriam Rozen, Financial Advisor IQ – News of employee layoffs signals no likely reductions in financial advisor ranks at two wirehouses, with Morgan Stanley cutting 1,500 workers and reportedly eliminating a possible 500 jobs. Indeed, those two wirehouses and Wells Fargo have actively engaged in recruiting veteran FAs in recent months, recruiters say. Even Merrill Lynch has tapped outside recruiters this year to help hire experienced FAs — even though that wirehouse primarily has been known in recent years for hiring and training FAs through its and its parent Bank of America’s trainee programs.
Barbara Herman Quoted – By Miriam Rozen, Financial Advisor IQ – Barbara Herman Quoted
By Miriam Rozen
In what is regarded as a conciliatory move, UBS extended the deadline for its advisor teams to meet new higher production revenue thresholds announced earlier this month as part of the wirehouse’s 2020 comp plan.
Mindy Diamond Mentioned – By Matt Sonnen, InvestmentNews – PFI Advisors continues to tout the benefits of professional management for RIAs. As Rich Gill of Wealth Partners Capital Group recently stated on the Mindy Diamond on Independence podcast, the first two non-client-facing executive-level hires for RIAs are typically the chief operating officer and the chief compliance officer. The COO is brought in to “…make sure the trains are running on time,” he said, while the CCO is hired to “de-risk the business.”
By Jake Martin, Citywire – Integrated Partners is adding a $100 million Merrill Lynch breakaway that the LPL-affiliated hybrid firm said will push it past $7 billion in brokerage and advisory assets. New Jersey-based advisor Harrison Till, a former Duke University and Ohio State University football player, works primarily with business owners, corporate executives and employee benefit plans. He will adopt the Integrated brand as a newly-minted independent advisor.
By Patrick Donachie, WealthManagement.com – Integrated Partners is welcoming Harrison Till to the organization, the Massachusetts-based hybrid registered investment advisor firm announced at the MarketCounsel Summit in Orlando, Fla. today. Till will join Integrated from Merrill Lynch and will bring along approximately $100 million in brokerage and advisory assets.
By Louis Diamond, ThinkAdvisor – It’s not surprising that the RIA space often garners the lion’s share of attention in the press and with advisors considering the next chapter of their careers.
Louis Diamond Quoted – By Ian Wenik, Citwire – Fidelity Investments isn’t taking the Charles Schwab-TD Ameritrade mega-merger lying down. Though the $26 billion all-stock deal – officially revealed on Monday – will create a combined firm that Cerulli Associates estimates will custody 51% of RIA assets, Fidelity has already shown signs of how it will respond to its new role of the next-biggest option for advisors by default.
Mindy Diamond – AdvisorHub podcast – discusses some of the hottest topics in wealth management with Tony Sirianni, including the independent space, the ever-increasing role of technology, and how to start and grow a business in today’s landscape.