News
Fidelity tells RIAs under $100 million to find another custodian by mid-2027
Fidelity is extending its $100 million custody minimum to existing RIA clients, giving smaller firms until June 30, 2027, according to AdvisorHub and other outlets.
FinancialThe Journal
ADVSR
The business of advice, told one beautiful story at a time.
The Wire
Altruist Adds Donor-Advised Funds to Platform
The custodian's new offering features no account minimums, lower fees than competitors and flexible investment options for advisors managing client philanthropy.
The Wire
Built on insurance experience to deliver on long-term promises
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
The feed
The Wire
Annuities for RIAs: Why fee-only advisors still hit a wall
Halbert Hargrove senior wealth advisor weighs in on the products' guaranteed income upside, the operational drag and his wish list for carriers.
The Wire
How an AM radio host dialed up her niche business
Drive time with Alex Lundgren and other financial advisors helped spur a niche serving Micron employees in Idaho.
Deals
Cresset Aims for $13.1B Trust Business with National Advisors Trust Deal
Cresset plans to fold its existing $5.4 billion trust business into the $7.7 billion NAT platform while continuing to grow through external advisor clients and acquisitions.
Moves
Fidelity's $100M RIA custody minimum lands amid long-short SMA curbs
Smaller RIAs using AQR's popular long-short strategies bring custodians more risk and less revenue, one RIA founder tells InvestmentNews
The Wire
Broker-dealers must lean on tech, brand as advisors weigh options
With 8.6% of advisors set to switch firms in 2026, Cerulli says advisor recruitment hinges on technology, branding and HNW support.
Moves
LPL Recruits $1.1B Team to its RIA Channel From Wells Fargo's FiNet
Georgia-based Praxis Financial Partners brings four advisors and a support staff to LPL’s RIA platform after evaluating more than a dozen firms.
The Wire
Looking for a passion asset? New investment platform touts stakes in classic cars
“What we're offering is an investment product first and foremost,” said Autobahn Alpha’s Glenn Harwood.
The Wire
Advisor vs. advisor, Seattle showdown in fight for clients
“I’m seeing more disputes like this between advisors and other advisors at the same practice,” said one industry executive.
The Wire
Great Wealth Transfer might give way to a 'mirage,' Dunham research warns
Longer retirements and steady inflation could drain retiree portfolios before heirs inherit, with 4% net returns running dry by year 34.
Moves
Northern Trust hires Citi and BNY private bankers as senior managing directors in Northeast
Beth Emswiler, from Citi Private Bank in New York, and Andrew Borner, from BNY in Connecticut, join Northern Trust Wealth Management as it pursues ultra-high-net-worth clients.
The Wire
Colleges Slash Tuition Bills by $20,000 in Reckoning Over Costs
At least five colleges have announced plans to cut tuition in fall 2027.
The Wire
CFTC Proposes Registering Crypto Exchanges Offering Leverage
The CFTC and the Securities and Exchange Commission are working to bridge the regulatory gap after the Clarity Act was blocked.
The Wire
Q&A: What the Spike in Treasuries Means for Real Estate Investing
The recent increase in interest rates has gotten priced into REIT stocks, and also shone a brighter light on the persistent divergence with implied private real estate valuations.
Regulation
Investors sue Coastal Financial after one fintech partner erases $470M
A single fintech partner triggered a $68.8M credit hit.
The Wire
Top 40 Brokers Under 40: Call for 2027 nominations
Financial Planning is seeking candidates under the age of 40 for its annual awards recognizing advisor employees at both wirehouse and regional firms for industry-leading production.
Regulation
SEC accuses CEO of secretly funneling stock to family
His daughter got 9 million shares "for services" she never performed.
The Wire
Are Your Clients Raising Heirs or Passengers?
The next generation may need less help and more practice.
Moves
Merrill lands Morgan Stanley and Wells Fargo teams with $770 million combined
Two advisor teams, one from Morgan Stanley in Manhattan and one from Wells Fargo in Boca Raton, joined Merrill, InvestmentNews reported in its latest advisor moves roundup.
The Wire
Why wealthy retirees struggle to spend — and how advisors can help
Many wealthy retirees hesitate to spend their savings. Advisors share how budgeting and cash flow planning help clients enjoy their wealth.
The Wire
Advisor AI use hits 80%, but client time still falls short
Morningstar advisor survey finds admin work, rising client demands are offsetting efficiency gains from greater technology adoption.
The Wire
Views from 6,230: How Investors Choose Advisors
FiComm’s Meg Carpenter challenges the industry’s reliance on referrals, based on data from the firm’s The New Growth Equation report.
The Wire
Obstacles Facing Convergence of Wealth and Retirement at Work
Data issues, tech limits and engagement challenges remain significant.
Deals
The Deal Isn’t The Hard Part. Surviving It Is.
RIA Founders Should Weigh Timing, Equity Terms, Diligence And Legal Counsel Alongside The Economics Of A Transaction
News
Verifact Markets launches trading on disputed facts about events that have already happened
A new platform backed by a Chicago family office lets traders bet on whether contested claims are true or false, reversing the forward-looking model used by Kalshi and Polymarket.
News
Morningstar survey finds advisors more worried about geopolitics and inflation, and slightly more active in private markets
Morningstar's 2026 Investor Perspectives survey shows half of advisors citing geopolitical tensions as a top concern, while private market offerings edged higher.
Analysis
As product and tech get commoditized, advisors' edge shifts to family conversations and client protection
Coverage across InvestmentNews, Wealth Solutions Report and Kitces points to one question: when ETFs, AI tools and marketing are widely available, what part of the advisor relationship is hard to copy?
The Wire
The Importance Of Proper Structuring For An RIA’s Equity Program
Equity Structures Should Support Employee Incentives, Outside Investment And Succession
The Wire
The Family Behind The Fortune
Advisors Can Help Wealthy Families Navigate The Competing Interests, Generational Differences And Emotional Complexities Of Transferring Wealth
The Wire
How RIAs can stand out in a crowded market, PR experts say
Specialization, experience-based thought leadership and bolder marketing help wealth management firms rise above generic pitches
The Wire
Claude For Financial Advisors Debuts To Tie Together The Advisor Tech Stack – But Will Tech Providers Play Along? (And More Of The Latest In Financial #AdvisorTech – October 2026)
Welcome to the October 2026 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors! This month's edition kicks off with the news that Anthropic has announced…
The Wire
Americans rank near the bottom in global financial literacy study
Despite commanding the world's largest economy, US consumers struggle with basic money skills
The Wire
Most Americans avoid inheritance talk at the holidays, survey finds
A new study of 5,000 adults reveals family silence on estate planning is a timing problem, not a death problem.
The Wire
ETF inflows hit record $1.54 trillion as investors rethink portfolios
Bond ETFs, active strategies, and short-term government funds drive the historic surge in 2026
Regulation
Real estate deed theft is surging - what advisors need to tell clients
Property fraud losses hit $275 million in 2025, and your older clients are the most exposed.
Analysis
Custody is being rewritten at once by the SEC, a settlement and a custodian
An SEC custody proposal, Merrill's $39 million cash sweep settlement and Fidelity's reported move on small RIAs all target how client assets are held and what firms earn on them.
Moves
HB Wealth enters Texas with physician advisory team
An Atlanta-based RIA opens in Austin as a father-daughter advisory team brings roughly $700 million in assets.
Regulation
SEC accuses fund advisor of defrauding SpaceX, OpenAI investors
The Securities and Exchange Commission alleged that investor money was diverted to personal expenses including strip clubs and exotic cars.
Moves
Savant expands to Southern California; Procyon gains New Jersey foothold
Savant acquired a $213 million Thousand Oaks planning firm while Procyon added $415 million in New Jersey assets.
Deals
Concurrent eyes $3B to $10B RIA platforms after Spire buy
Spire is Merchant-backed Concurrent's largest deal by revenue as CEO Nate Lenz targets one or two more platform acquisitions a year.
The Wire
Ask an Advisor: How do you help child-free clients plan?
Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.
Regulation
SEC Crypto Custody Proposal Draws Divisive Reactions
The agency’s proposal would allow advisors to self-custody crypto assets under certain conditions. Commissioner Hester Peirce said she hoped a “calm end” to regulatory uncertainty was imminent.
Regulation
SEC seeks to ease advisors' custody burdens with discretionary trading
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
