Page 40 - Michael Kitces News Today : Breaking News, Live Updates & Top Stories | Vimarsana

News, Vision & Voice for the Advisory Community The Auburn, Calif., industry leader used a release, video and dedicated website to lash out at Orion's freshly acquired HiddenLevers unit, but a backlash may be brewing. Comments Blindsided but unbowed, Orion Advisor Solutions vows that it will not take Riskalyze's assault on its brand lying down. Riskalyze launched its full-scale media blitz yesterday (May 11), unleashing a video, an audio file, a dedicated website (Unhiddenlevers.com) and a press release headlined, "As the market leader on risk, we can’t stay silent." Aaron Klein: 'I ...

How Important Is It to Define Your Ideal Client? Knowing the type of client you are looking to serve will allow you to design the best products and services needed by them. When an RIA owner asks us to perform an Operational Diagnostic review of their business, they typically have two burning questions: Have we chosen the proper technology tools and organizational structure to support our firm’s growth? Do we have the right employees in the right seats, and are they engaged and committed to our firm’s mission? The first step in our process is always to request a high-level overview ...

Tuesday, May 25, 2021 | 12:30 PM Eastern Daylight Time

CI Financial’s affiliate Congress Wealth Management's AUM balloons to $5.8 billion. CI Financial’s sub-acquisitions are helping to supersize the RIA acquirer. The firm's Congress Wealth Management has acquired Pinnacle Advisory Group, according to an announcement.  The acquisition brings $2.4 billion in assets under management to Boston-based Congress, raising its AUM by 70% to $5.8 billion. Parent company CI Financial, based in Canada, now stands at $58 billion in AUM with direct investments in 13 registered investment advisory firms, according to Monday's announcement. Pinn...

The SEC's Ad Rule: New Strategies, New Risks Advisors will have to take the good with the bad when it comes to using client testimonials—but they can be strategic. The May 4 implementation of the SEC’s so-called Ad Rule will give financial advisors new marketing options with the ability to solicit client reviews and recommendations—and direct prospects to them. While negative reviews from disgruntled clients on sites like Yelp, Google and Angi (formerly Angie’s List), have been the bane of advisors for years, they’ve been easy to ignore. Now, advisors’ ability to solicit po...