So says a new report from Cerulli suggesting that, as fee-based financial advice combined with financial planning becomes the industry standard, financial advisors must find new ways to differentiate... Read More
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Business Growth Strategies
BY Ted Godbout | 1/30/2023
New state mandates, tax incentives and other factors are leading many plan advisors to anticipate significant practice growth in the small plan 401(k) market in the coming year.
Results from... Read More
BY Ted Godbout | 1/25/2023
Many financial advisors are skeptical about serving young investors because they don't think they can afford advice or be served profitably in the short term, but new research suggests that—contrary... Read More
BY Ted Godbout | 12/21/2022
Net growth in advisor affiliations has been a challenge for many broker/dealers (B/Ds) as increased competition from alternative affiliation options such as independent and hybrid registered... Read More
BY NAPA Net Staff | 12/21/2022
Wilmington Trust, N.A. has announced an agreement with private equity firm Madison Dearborn Partners, LLC (MDP) under which funds affiliated with MDP will acquire Wilmington Trust's Collective... Read More
BY Ted Godbout | 12/13/2022
While collective investment trust (CIT) providers continue to focus their distribution efforts on defined contribution plans with $25 million or more in assets, providers have recently expressed a... Read More
BY NAPA Net Staff | 11/10/2022
Voya Financial announced that it has added a new private equity option to its nonqualified deferred compensation (NQDC) executive-benefit solution.
The Pomona Investment Fund (PIF)—a registered... Read More
BY NAPA Net Staff | 11/3/2022
OneDigital Investment Advisors has just announced its seventh wealth management firm acquisition of 2022.
According to a press release, OneDigital has now acquired New Jersey-based JFL Total... Read More
BY Ted Godbout | 11/1/2022
Total wealth management M&A activity decreased for the third consecutive quarter of 2022, but total annual levels are expected to surpass 2021’s record year, according to the latest ECHELON... Read More
BY Nevin E. Adams, JD | 10/12/2022
Financial Finesse CEO and founder Liz Davidson is looking to bring a little “finesse” to venture capital.
More specifically, the financial wellness coaching firm has just announced the launch of... Read More
BY NAPA Net Staff | 9/27/2022
OneDigital Investment Advisors has acquired KB Financial Partners, LLC and KB Financial Advisory Partners, (KB)—adding $1 billion in assets under management and expanding its presence across the... Read More
BY Ted Godbout | 9/20/2022
As larger DC advisory firms and recordkeepers continue to prioritize their wealth management initiatives, a new report by Cerulli suggests that “coopetition” between the two groups will increase in... Read More
BY Ted Godbout | 8/11/2022
Notwithstanding challenging markets and the rising cost of capital, July M&A activity among registered investment advisors and independent broker-dealers continued 2022’s rapid pace. ... Read More
BY NAPA Net Staff | 8/4/2022
Building on its retirement and wealth advisory services, HUB International Limited (Hub) announced that it has acquired the assets of Scottsdale-based WealthPlan Advisors.
As... Read More
BY NAPA Net Staff | 8/3/2022
Mariner Wealth Advisors has acquired Bloomfield Hills, MI-based Heber Fuger Wendin Investment Advisors (HFW), further expanding the firm’s scale, expertise and integrated capabilities across the U.S... Read More
BY NAPA Net Staff | 7/22/2022
Making a strategic expansion to increase scale and presence in the market, Pentegra has acquired New Pinnacle Consulting Group (NPCG), a full-service TPA.
Founded in 2007 and based in... Read More
BY Ted Godbout | 7/22/2022
Exploring the relationship between financial wellness and retirement savings reveals a profound relationship between the two, according to new research from T. Rowe Price.
More specifically... Read More
BY Ted Godbout | 7/20/2022
Expanding the firm’s advisor network and broadening its platform offerings, Mariner Wealth Advisors announced July 19 that it is acquiring The Financial Services Network and its $26 billion in AUA.... Read More
BY NAPA Net Staff | 7/18/2022
After reaching an all-time high in the last quarter of 2021, total wealth management M&A activity decreased for the second straight quarter in 2022, according to boutique investment bank ECHELON... Read More
BY NAPA Net Staff | 7/15/2022
Alera Group, a national insurance and wealth services firm, has acquired DFG 401(k) Advisors, an independent qualified retirement plan services company.
Based in Phoenix, AZ, DFG 401(k) Advisors... Read More
BY NAPA Net Staff | 7/11/2022
HUB International Limited has acquired the assets of Heritage Wealth Management Group, LLC.
Located in Moon Township, PA, Heritage Wealth Management Group is an independent financial services firm... Read More
BY NAPA Net Staff | 7/5/2022
HUB International Limited has hired financial advisor Lee V. Bethel, CLU®, ChFC®, REBC®, RHU®, ChHC®, CAP®, AIF®, CPFA, CASL®, C(k)P®, President of Comprehensive Benefit Services, Inc. and acquired... Read More
BY NAPA Net Staff | 6/30/2022
SageView Advisory Group has announced the expansion of its Pacific Northwest presence with a new office in Seattle.
The Seattle office will be led by SageView Managing Director Jon Chambers and... Read More
BY NAPA Net Staff | 6/23/2022
Morgan Stanley at Work announced June 22 that it plans to purchase nonqualified deferred compensation plan provider American Financial Systems (AFS), adding to the firm’s spectrum of... Read More
BY NAPA Net Staff | 6/9/2022
The SageView Advisory Group announced June 8 that Valencia, California-based kPlans Investment Services Inc. has joined the firm.
With $825 million in assets under advisement, kPlans offers... Read More
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