When it comes to getting advice about your money, you want to have confidence that the guidance you’re getting is in your best interest. In the U.S., that means working with a financial advisor who has fiduciary status. But here’s something many people don’t realize: not everyone in this profession is required to honor these rules and place your needs ahead of theirs. Here’s how to make sure your advisor is the best fit for the job and why being fiduciary matters. Must Read What is a fiduciary, and w ...

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alvaro gonzalez / Getty Images One advisor said clients are looking for tax efficiencies, such as income-producing, tax-deferred accounts. Key Takeaways Two-thirds of financial advisors are changing their retirement investment advice for clients due to a volatile market and economic uncertainty, according to a new report from Alliance for Lifetime Income. Financial advisors are changing their recommendations based on inflation, Social Security and Medicare uncertainty, and cost-of-living concerns. Ad ...

Core Insights - Prudential Advisors continues its growth momentum in 2025 by welcoming Premier Planning Partners, an all-female firm with over $550 million in client assets, enhancing its service capabilities and client support [1][3]. Group 1: Company Growth and Strategy - The addition of Premier Planning Partners aligns with Prudential Advisors' ambitious growth strategy, which has seen the firm welcome new financial advisors representing over $3 billion in client assets and increase advisor headcount by nearly 9% in 2025 [3][4]. - Prudential Advisors aims to expand its presence in the Midwest and is focused on providing resources to ensure exceptional client experiences and practice growth for its advisors [2][3]. Group 2: Client Focus and Services - Premier Planning Partners specializes in serving professional women, small business owners, and financial windfall recipients, utilizing research and data to create customized financial planning strategies [2]. - The firm emphasizes building deep relationships with clients by understanding their motivations and behaviors, which is integral to their service model [2]. Group 3: Infrastructure and Support - Prudential Advisors offers modern infrastructure, technology suite, marketing services, and business development support, which are crucial for Premier Planning Partners to scale their practice and enhance investment solutions for clients [3]. - The client-first, values-driven culture of Prudential Advisors aligns well with the operational ethos of Premier Planning Partners, facilitating a supportive environment for growth [3]. Group 4: Industry Position - Prudential Financial, Inc. manages approximately $1.6 trillion in assets as of September 30, 2025, positioning itself as a global leader in financial services and investment management [6]. - The firm has a strong commitment to expanding access to investing, insurance, and retirement security, which is reflected in its growth strategy and the caliber of advisor teams it attracts [4][6].

*New app, with AI integration, marks the next phase of Prudential Advisors Connect, the award-nominated platform*NEWARK, N.J.,Dec. 3, 2025/PRNewswire/ --Prudential Advisors, the retail arm of Prudential Financial, Inc. (NYSE:[PRU](#financial-modal)), with more than 3,000 financial advisors and fee-based financial planners who offer clients, including more than 3.5 million American families, a full range of financial advice and solutions, announced today the launch of the Prudential Advisors Connect mobile a ...

Core Insights - CG Financial Services has appointed Eugene "Gino" DeRango as director of CG Advisor Network to enhance its advisory platform [1][4] - The firm aims to grow its assets under management (AUM) and strengthen its operational capabilities without seeking private equity funding [5] Company Overview - CG Financial Services is a hybrid registered investment advisor with $11 billion in assets under advisement and $4 billion in AUM [1] - Founded in 1999 by CEO Anthony J. Mazzali and a group of captive advisors in Haslett, Michigan, CG Financial focuses on supporting independent advisors [3] Leadership Changes - Eugene DeRango previously held senior positions at Axos Advisor Services and Goldman Sachs, bringing extensive experience to CG Financial [2] - Milene Plisko has been appointed as managing director of insurance operations, focusing on operational systems within the insurance division [4] Strategic Goals - The management additions are part of CG Financial's strategy to remain management-owned and avoid private equity funding [5] - The CG Advisor Network currently manages approximately $4 billion in AUM across 69 advisors, with DeRango tasked with its growth [4]

Core Insights - &Partners, a hybrid broker/dealer founded by David Kowach, has rapidly expanded by adding four advisor practices in early November, continuing a strong recruiting trend [1][3] - The firm aims to grow to 150 teams and manage $120 billion in assets over the next three years, indicating ambitious growth plans [4] Recruitment and Growth - The four new teams collectively managed $1.6 billion in client assets, contributing to a total of nine new practices added in October [3] - &Partners currently has over 100 advisor practices in its network and approximately $50 billion in prehire assets, which are expected to be integrated once advisors are fully onboarded [3] Team Details - The largest team joining in November is Florham Park Wealth Advisors from Wells Fargo, managing $730 million in client assets [4] - CirclePoint Financial, another former Wells Fargo team, oversees $427 million in client assets [5] - Two teams from Commonwealth Financial Network managed assets of $250 million and $212 million, respectively, with Zinn Wealth Management being the larger of the two [5] Custodianship - &Partners utilizes Fidelity Investments National Financial Services as its primary custodian for client assets [6]

Core Insights - The current market for selling independent firms is at an all-time high, with advisors receiving multiples of at least 1.5 times recurring revenue for their firms, driven by a wave of retirements among advisors [2] - There is a strong demand for firms, leading to unprecedented premiums, but many advisors are not taking the necessary steps to maximize their firm's value [2][3] Group 1: Market Conditions - M&A activity has been breaking records, with 176 peer-to-peer deals completed last year and over $13.3 billion in total assets transferred [5] - The market is described as frenzied, with a significant amount of FOMO (fear of missing out) among advisors [3] Group 2: Value Maximization Strategies - Advisors should focus on enterprise value rather than just valuations, emphasizing the importance of organic growth and sustainable strategies [3] - Addressing client demographics is crucial, as older advisors often have aging clients, which can negatively impact valuations without multi-generational planning [3][4] Group 3: Long-term Planning - Generational planning is a long-term effort that requires hard work, and the true measure of success comes a year after the sale [4] - Advisors need a well-mapped-out plan for selling their firms, as the excitement of closing day is overshadowed by the need to evaluate the decision a year later [4]

Core Insights - UBS has announced that five financial advisors from its Pacific Desert Market have been recognized in Forbes' Top Next-Gen Advisors Best-in-State list [1] Group 1 - The recognition highlights the performance and expertise of UBS's financial advisors in the competitive financial services industry [1]

Core Insights - Ameriprise added 90 financial advisors in Q3, marking an increase from the previous year [1] - UBS experienced a decline in advisor headcount in the Americas due to changes in compensation and buyout packages aimed at enhancing profitability [1] Group 1: Advisor Recruitment and Compensation - James Cracchiolo, CEO of Ameriprise, stated that the firm is attracting advisors through ongoing investments and its financial strength [2] - Ameriprise reported adding 71 advisors in Q3 2024, with a total advisor headcount of 10,427 as of January [3] - Cracchiolo noted a mix of "rational" and "irrational" recruiting offers in the market [3] - The firm has slightly increased pay packages to remain competitive while focusing on a full-service platform and technology investment [4][5] Group 2: Financial Performance - Ameriprise's total revenue rose by 4% to $4.3 billion, driven by asset growth and transactional sales, leading to a 78% increase in net earnings to $912 million [5] - The company's assets under management, administration, and advisement reached a record $1.7 trillion, with client assets increasing by 11% to $1.1 trillion [7] Group 3: Wealth Management Initiatives - Ameriprise launched a new wealth management platform, Signature Wealth, in June, which offers advisors a unified managed account for client portfolios [6]