Inside Wealth Virtual News Today

Mercer Advisors Acquires AFI Wealth Strategies Green Bay–based advisor Andrew Farrah said joining Mercer was a better way to grow his business than rebuilding it himself. Mercer Global Advisors, an RIA consolidator with $31 billion in client assets, acquired advisor Andrew Farrah’s $240 million AUM firm, AFI Wealth Strategies. The Green Bay, Wis.–based firm, provides wealth and financial planning to high-net-worth individuals, families and their businesses, according to a recent ...

Can AUM-Based Advisors Be True Fiduciaries? During a recent Inside Wealth panel, advisor Rick Ferri argued that AUM-based advisors arent incentivized to put clients first, while attorney Max Schatzow stressed advisor compensation for "value" isnt easily quantified. Either way, advisors should expect more client scrutiny over the price of advice. Financial advisors who charge clients a percentage of assets under management are too often susceptble to conflicts of interest between their ...

Inside Wealth’s Guide to M&A Options Mercer Advisors, Dynasty Financial and Journey Strategic Wealth executives shared what RIAs should contemplate before selling their firms, either internally or externally. Principals of advisory firms know that if they want to monetize their practices, there may be no better time than right now. The reason? An 11-year bull market has driven valuations for firms into record, and possibly unsustainable, territory; a coming increase in taxation on capit...