You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Bill Morrissey, the head of the independent channel at Atria Wealth Solutions, has exited the firm, as LPL Financial continues to integrate the business in the wake of its acquisition, according to regulatory filings.  In recent months, LPL has been pruning Atria’s executive ranks via layoffs, according to published reports. Morrissey and an LPL spokeswoman did not return requests for comm ...

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Core Viewpoint - Bitcoin has not fulfilled its "digital gold" promise in 2023, but there remains optimism about its long-term potential as a store of value, with industry experts suggesting it is still in the early stages of its development [1]. Group 1: Bitcoin Performance - Bitcoin has experienced a significant decline, falling over 40% from its record price of over $126,000 in October, largely due to market volatility and external economic pressures [3]. - In contrast, gold has seen a substantial increase, trading around $4,300 per ounce, which is up nearly 62% year-to-date, highlighting its status as a preferred store of value among investors [2]. - Year-to-date, Bitcoin is down over 6%, while the S&P 500 has risen over 15%, indicating Bitcoin's underperformance compared to traditional equities [2]. Group 2: Market Dynamics - The recent weakness in Bitcoin's price is attributed to volatility in the equity market and excessive leverage within the cryptocurrency market [4]. - Market observers have set a target price of $500,000 for Bitcoin, correlating with it capturing half of gold's market cap, suggesting a potential maturation as a store-of-value asset [5]. - The overall market for stores of value is expected to grow, driven by increasing government debt and monetary expansion, which could lead to even higher Bitcoin valuations, potentially reaching $1 million [6].

Group 1 - Dominari Holdings Inc. announced a special cash dividend of approximately $10 million, equating to about $0.44 per share, with updated record and payment dates [1][2] - The dividend will be payable on or about January 26, 2026, to shareholders of record as of January 5, 2026 [2] - Dominari Holdings operates in wealth management, investment banking, sales and trading, and asset management, while also seeking growth opportunities in AI and Data Center sectors [2] Group 2 - Dominari Securities LLC, a subsidiary of Dominari Holdings, aims to create wealth for stakeholders by capitalizing on emerging trends in the financial services sector [3] - The company emphasizes identifying early-stage opportunities expected to yield high returns for investors [3]

M&A Activity in Financial Advisory Industry - Wealth Enhancement acquired a registered investment advisor managing $2.2 billion in assets [2] - Dynasty Financial Partners' firm Procyon acquired a $500 million RIA in Michigan and Texas [2] - Earned, a healthcare-focused practice, acquired an Ohio RIA managing $900 million [2] Lido Advisors Acquisition - Lido Advisors acquired Stuart Chaussée & Associates, a family-run wealth management firm in California managing over $500 million [3] - Lido Advisors has grown to $38 billion in assets under management [3] - The firm is owned by employees and investors including Charlesbank Capital Partners, HPS Investment Partners, and Constellation Wealth Capital [4] Vestwell Acquisition - Vestwell agreed to acquire Accrue 401k, adding about 30,000 retirement plans and 350,000 plan participants to its platform [5] - The acquisition enhances Vestwell's ability to sync plans with partners across payroll and financial services [5][7] - Vestwell will serve as the retirement plan platform for Accrue 401(k) clients using non-Gusto payroll providers [7]

Core Insights - The acquisition of Stratos Wealth Holdings by SEI is aimed at accelerating growth and enhancing operational capabilities, leveraging SEI's resources to capitalize on market opportunities [1][2][4][6] - The deal is expected to facilitate a greater volume of acquisitions, with plans to announce 15 simultaneous acquisitions in January [4][5] - SEI's investment in Stratos will enhance its asset management capabilities and provide a more robust platform for financial advisors [16][18] Company Overview - SEI has acquired Stratos Wealth Holdings for approximately $441 million, which includes a controlling stake in the U.S. business and plans to acquire the Mexico-based business next year [5][6] - Stratos manages about $37 billion in client assets and has over 350 advisors, positioning it as a significant player in the registered investment advisor (RIA) space [6] Strategic Goals - The partnership with SEI is intended to provide Stratos with the necessary capital and resources to pursue larger and more numerous transactions in the RIA market [7][12][14] - SEI aims to integrate Stratos's operations with minimal disruption while enhancing the value offered to Stratos advisors through improved technology and investment management capabilities [21][22] Market Positioning - The acquisition aligns with the growing demand for financial advice, as the industry faces a shortage of financial advisors, which is expected to increase the sustainability of advisor income [16] - Stratos's focus on Main Street investors complements SEI's existing ultra-high-net-worth (UHNW) business, allowing for a broader service offering [18][19] Integration and Collaboration - SEI plans to leverage its extensive resources, including over 5,000 employees, to support Stratos in scaling its operations and enhancing service delivery [22] - There is a focus on collaboration between Stratos and SEI's existing capabilities, particularly in the OCIO (Outsourced Chief Investment Officer) space, to better serve clients [20][24]

Core Insights - The capital market is undergoing profound changes due to new policies such as the "National Nine Articles," public fund fee reduction reforms, and guidelines from the Central Financial Office and the China Securities Regulatory Commission aimed at promoting long-term capital inflow [1] Group 1: Industry Transformation - The wealth management industry is shifting from a product-centric approach to a user-centric model, focusing more on user investment returns rather than just product sales [3][4] - The transformation is marked by a strategic shift from "sell-side sales" to "buy-side advisory," emphasizing client account profitability and risk tolerance [5] - Institutions are increasingly adopting a "client-centered" approach, which is now embedded in their organizational structure and assessment systems [4][5] Group 2: Supply and Demand Dynamics - On the supply side, the types of assets that residents invest in have evolved from deposits and insurance to net-value securities, influenced by changes in the real estate cycle and regulatory reforms [4] - On the demand side, three key changes are identified: an aging population leading to increased wealth management needs, a heightened awareness of personal finance in the internet age, and a low-interest-rate environment driving demand for advisory services [4] Group 3: Differentiated Strategies - Different types of institutions are adopting varied strategies based on their resource endowments: technology platforms focus on inclusivity and intelligence, brokerages emphasize professionalism and collaboration, and public funds concentrate on specialization and output [6][7] - Banks are innovating by creating multi-asset solutions and enhancing customer experience through tailored services [7] Group 4: Future Directions - The consensus among industry leaders is that the future of wealth management should focus on being client-centered, emphasizing inclusive value, industry collaboration, and continuous innovation [8][9] - The ultimate goal of wealth management is to help clients enjoy life without financial burdens, while adapting to changes in technology and asset management [8][9]

Core Insights - LPL Financial LLC has announced that financial advisor Melissa Mirabile has joined its employee advisor channel, Linsco by LPL Financial, to establish Forest Lake Wealth Partners, managing approximately $280 million in advisory, brokerage, and retirement plan assets [1][10] Company Overview - Forest Lake Wealth Partners, located in Albany, N.Y., serves a diverse clientele, including families, business owners, and trade unions, emphasizing a broad spectrum of financial needs [2] - The firm is committed to personalized financial planning, avoiding short-lived trends in favor of practical approaches [2][3] Team and Expertise - Melissa Mirabile brings over 30 years of experience and is part of a family legacy of financial advisors, being the fifth in her family to pursue this profession [2] - The team includes Wealth Associate Casey Mirabile and Business Development Associate Lars Olson, focusing on tailored financial plans and close client relationships [4][3] Strategic Partnership with LPL - The team chose LPL for greater autonomy and customization in client services, allowing them to avoid conflicts of interest and cookie-cutter models [4][5] - LPL's Linsco platform provides comprehensive support, increased efficiency, and the freedom to address individual client needs [5][6] LPL Financial Overview - LPL Financial Holdings Inc. is one of the fastest-growing wealth management firms in the U.S., supporting over 32,000 financial advisors and managing approximately $2.3 trillion in brokerage and advisory assets for around 8 million Americans [8]

Core Insights - Trajan Wealth is a $2.5 billion registered investment advisor (RIA) that serves a diverse clientele, including mass affluent, high-net-worth, and ultra-high-net-worth individuals, offering a comprehensive range of services beyond wealth management [5][2]. Investment Strategy - The firm employs a variety of investment products, including managed equity models, alternatives like managed futures, and fixed-income strategies, aiming to provide crisis alpha and capitalize on market trends [1][4]. - Trajan Wealth focuses on large cap growth, particularly in technology, while balancing this with large cap value investments to mitigate volatility [9][10]. - The firm is cautious about private credit investments due to concerns over covenant-lite loans and the lack of transparency in performance [20][22]. Client Segmentation and Services - Clientele is segmented into three groups: mass affluent (with $500,000 to $1 million in assets), high-net-worth, and ultra-high-net-worth individuals, with services including estate planning, tax planning, and insurance [2][5]. - The firm aims to be a one-stop shop for clients' financial needs, integrating various services under one roof [4]. Asset Management Approach - Trajan Wealth conducts in-house asset management, employing a robust team of analysts and portfolio managers to research and position investments [14]. - The firm avoids fund-of-funds strategies to reduce fees and instead collaborates directly with private equity firms for tailored investment opportunities [15][16]. Market Outlook - The firm is cautious about the current market environment, particularly regarding valuations in the tech sector and potential volatility in fixed-income markets due to Federal Reserve policies [11][12]. - Trajan Wealth is selective in high-yield investments, emphasizing thorough credit analysis to ensure the ability of borrowers to repay debt [13]. International Investments - The firm invests primarily in developed markets, favoring countries like India for growth potential while maintaining positions in stable markets like Switzerland [25].

NASHVILLE, Tenn., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Truxton Wealth is pleased to announce the addition of Matt Winn as Vice President and Wealth & Tax Strategist. In this role, Matt will deliver comprehensive tax planning solutions tailored for high-net-worth individuals, families, and business entities. "We are thrilled to welcome Matt Winn to Truxton Wealth," said Drew Mallory, Chief Fiduciary Officer. "Sound comprehensive tax strategy is fundamental to delivering our client value proposition. Matt's expe ...