Succession Planning/Advisor M&A

Chinese Wealth Manager IPO Raises $101M


Noah Holdings Ltd., the provider of wealth-management products in China, raised $101 million after pricing its initial public offering above the forecast range.

Wilmington Trust Sued Over M&T Bank Deal

Wilmington Trust Corp. was sued by a stockholder claiming directors violated their duties by agreeing to sell the firm to M&T Bank Corp. at a cut-rate price.

Out Of Retrenchment

by Bruce W. Fraser

Independent broker-dealers see good recruiting opportunities in 2011.

Frontline News

Frontline News

LPL Advisor Plans National Expansion


The No. 1 advisor for LPL Financial based on revenue produced has opened two regional offices in Washington state as part of a plan to expand his business nationwide.

Owners Using Employee Stock Plans To Sell

With credit easing but the economy still weak, small-business owners looking to sell their stakes are turning more often to Employee Stock Ownership Plans. 

Aspiriant Completes Purchase Of Deloitte RIA


California-based Aspiriant announced that it has completed its acquisition of Deloitte Investment Advisors (DIA) from international financial services giant Deloitte Touche Tohmatsu.

Pulling The Switch

by Andrew Gluck

Are state regulators ready to assume oversight of some 4,200 RIAs?

A View From Both Sides

by David Lawrence

What to consider when preparing your own retirement plan.

CPA Wealth Advisors Go Independent


Employees of the wealth management subsidiary of accounting firm Kostin, Ruffkess & Company LLC have formed their own independent firm.

HSBC Seeks U.S. Customers With More Than $100K

HSBC Holdings Plc, Europe's largest bank, plans to more than double the number of its U.S. premier banking customers to 1 million by 2013, said Andy Ireland, head of the American wealth unit.

AIG May Sell Japan Units To Prudential

AIG may reach a deal as soon as today to sell two Japanese life insurance units to Prudential Financial for about $4.8 billion, say sources.

Druckenmiller Exit Marks 'Old Normal' End, Gross Says

Bill Gross, who runs the world's biggest mutual fund at Pimco, said the planned exodus of hedge-fund icon Stanley Druckenmiller helps mark the end of the "old normal" for investing.

Beverly Hills RIA Looks To Grow Beyond Rodeo Drive


Beverly Hills Wealth Management, an RIA started earlier this year by a former Morgan Stanley executive, is setting its sights on attaining a wider profile.

Schwab To Buy Boston RIA For $150 Million


In a major move to offer institutional and retail clients more investment solutions, Charles Schwab Corp. is acquiring Windward Investment Management for $150 million.

Fiduciary Network Buys Stake in Soltis


Fiduciary Network has bought a minority interest in Soltis Investment Advisors, a St. George, Utah-based RIA providing both wealth management and 401(k) services.

Fidelity Helps 95 Brokers, Teams Bolt


Fidelity Investments says it had helped spring some 95 breakaway brokers and teams from their firms and go independent in the first half of 2010.  

TD Ameritrade Sees Influx Of Breakaway Brokers


TD Ameritrade Institutional announced Wednesday that 212 breakaway brokers have joined its network during the first three quarters of its fiscal year 2010. 

RIA Merger Activity On The Upswing


M&A activity among RIAs rose in this year's first half versus the prior year, at least in terms of the number of deals made, according to the mid-year report by Schwab Advisor Services.

Aspiriant To Buy Deloitte RIA


Aspiriant, a wealth manager that set off on an ambitious growth plan when it was formed more than two years ago, has agreed to acquire Deloitte Investment Advisors LLC.