RIAs Aren't Growing, and It's a Problem We Need to Fix
The dips in M&A and total assets in 2022 should have been a wakeup call for the industry to return its focus to organic growth.
Source: wealthmanagement.com
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Former UBS Wealth Head Tom Naratil Joins Lightyear Capital
Private equity firm Lightyear has tapped Naratil to support growth and investments in the wealth management space.
Source: wealthmanagement.com
Glastonbury-based investment advisory firm fuels growth through M&A deals
Last month, Glastonbury financial advisory and wealth management firm Apella Capital LLC acquired NR Smith, a registered investment advisor (RIA) headquartered in Olympia, Washington. The deal — Apella’s second acquisition of 2022 alone — brought an additional $82 million in assets under management and pushed the firm’s total asset count to more than $2.7 billion.
Source: hartfordbusiness.com
Integrated Partners to Enter the M&A Business
The RIA also announced it has recruited a Missouri-based team, with $230 million in client assets, from Stifel.
Source: wealthmanagement.com
How Are Nazi Romance Books Still a Thing in 2022?
A Putnam (under Penguin Random House) editor wins bid for a debut historical romance novel featuring a Nazi love interest. Can we stop bidding for these books?
Source: themarysue.com