JANUARY 27, 2024

PHILANTHROPY

Data Shows Advisors Don’t Get Philanthropy

Randy A. Fox

It’s time to get educated before it’s too late.

FULL ARTICLE

INDUSTRY

Mariner Advisor Sues Avantax Over 'Unenforceable' Restrictive Covenants

Patrick Donachie

Molly Nelson is suing her former employer Avantax in Montana federal court, claiming the restrictive covenants she signed would make it impossible to work in the industry.

FULL ARTICLE

PEOPLE

Joe Duran's New RIA Investment Firm Hires Opto Investments Co-Founder

Diana Britton

Will Armenta co-founded the "alts-for-advisors" platform with Joe Lonsdale, and advises Lonsdale's $6 billion venture capital fund. He'll be a managing director at Duran's Rise Growth Partners.

FULL ARTICLE

ETFS

Global X Closures Show the Flipside of the ETF Boom

David Bodamer

The New York-based ETF provider is liquidating 19 niche funds, part of a broader trend of increasing closures alongside record numbers of new launches.

FULL ARTICLE

ALTERNATIVE INVESTMENTS

Cerulli Sees More Advisors Using SMAs

David Bodamer

Advisor use of separately-managed accounts as standalone programs and part of unified managed accounts will soon exceed $2 trillion in assets, the research firm found.

FULL ARTICLE

WHAT'S IN MY MODEL PORTFOLIO

StrongBox Wealth: Picking Deep Moat, Rising Dividend Stocks

Diana Britton

Chuck Cooper III, advisor and managing partner at Lee’s Summit, Mo.-based StrongBox Wealth, provides a peek inside the $400 million RIA’s stock picking strategy within its high conviction, conservative growth model portfolio.

FULL ARTICLE

INDUSTRY

Cetera Takes Minority Stake in $2.8B OSJ

Diana Britton

Cetera has done more than 12 such transactions in the past year.

FULL ARTICLE

ALTERNATIVE INVESTMENTS

A Rough Climate for Private Equity Exits Leads to a Spike in Continuation Funds

Elaine Misonzhnik

Some private equity investment managers are choosing to roll over select assets into new funds, giving LPs the option to renew as well.

FULL ARTICLE

INDUSTRY

Prospera Unveils Family Office Services

Ali Hibbs

Prospera Generational Wealth leverages internal and outsourced talent to offer the firm's wealthiest families a broader range of services.

FULL ARTICLE

RIA NEWS

Allworth Pens First Two Deals of 2024, Adding $621M

Ali Hibbs

Allworth has acquired Tridea Advisors, a local RIA with $341 million in assets, and Capital Point Financial Group, a Glenview, Ill.- and Sarasota, Fla.-based firm with $280 million in assets.

FULL ARTICLE

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