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
FinancialThe Journal
ADVSR
The business of advice, told one beautiful story at a time.
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.
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 feed
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.
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.
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.