James Patrick and William DeButts claim they resigned shortly after their firm was subsumed by one of Focus’s consolidation hubs. They argue their previous employer is defaming them to clients and business contacts.
Broker/dealer Osaic gets a win from the RIA world with the acquisition of $13.5 billion fee-only CW Advisors from private equity firm Audax Private Equity.
Ride Wealth Partners, a Golden, Colo.-based team led by Kevin McCulley, is the latest to join the RIA launched by former Merrill wealth head John Thiel earlier this year.
Third-party model portfolios had $646 billion in assets under management as of March 31—an increase of 62% since June 2023, according to Morningstar. While more than 60 asset managers have filed for dual-class share structures, many firms may never launch them, Ignites reports. These are among the investment must-reads we found this week for financial advisors.
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