Core Insights - Rockefeller Capital Management has announced a recapitalization that values the firm at over $6.6 billion [1][2] - The recapitalization was led by Mousse Partners, Progeny 3, and Abrams Capital, with additional investments from Viking Global Investors and the Rockefeller and Desmarais families [2] - The deal is expected to close by the end of the year [2] Company Overview - Rockefeller Capital Management began as the family office of John D. Rockefeller in 1882 and was restructured as an independent advisory firm in 2018 [5] - The firm has grown to include three distinct businesses: Rockefeller Global Family Office, Rockefeller Asset Management, and Rockefeller Strategic Advisory, overseeing approximately $187 billion in client assets across 58 locations in the U.S. and one in London [5] Leadership and Strategy - After the recapitalization, Rockefeller's leadership team will remain significant shareholders, with Viking Global Investors continuing as the largest shareholder [3] - The president and CEO, Greg Fleming, emphasized that the recapitalization aligns with the firm's long-term strategic objectives and reflects the strength and momentum of the firm [4] - David Rockefeller Jr. highlighted the importance of building lasting relationships with new partners and pursuing new opportunities for clients and the firm [4] Recent Developments - The firm has been actively recruiting elite advisor teams, including the recent addition of the Entrepreneurs Group from UBS, which managed $2.6 billion in client assets [6]

Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and technical analyst [1][2] - He has covered every futures market traded in the U.S. during his career [1] - Wyckoff operates an analytical, educational, and trading advisory service called "Jim Wyckoff on the Markets" [2] Group 2 - He has held positions with notable organizations such as Dow Jones Newswires and TraderPlanet.com [2] - Wyckoff is also a consultant for the "Pro Farmer" agricultural advisory service [2] - He studied journalism and economics at Iowa State University [2]

Core Insights - There is a distinction between being rich and feeling rich, which many Americans may not recognize [1] Financial Advisor Insights - A household income of $573,000 is significantly above the U.S. median income of $83,730 in 2024, indicating financial success [2] - If individuals are struggling financially despite high income, it may be due to ineffective financial advice or high fees from their advisors [3] - Not all financial advisors are equal, and it is crucial to trust the advisor managing one's finances [4] Fiduciary Responsibility - Advisors who are fiduciaries have a legal obligation to act in the best interest of their clients, which is not the case for all financial professionals [6] - Many financial advisors may not hold fiduciary status, and only certain professionals, like Certified Financial Planners (CFPs), are required to adhere to this standard [7] Finding Financial Advisors - FinancialAdvisor.net offers a service to connect individuals with vetted financial advisors, allowing users to find suitable advisors based on their financial goals [5]

Core Insights - Merit Financial Advisors has completed its acquisition of Obsidian Planning Solutions, marking its 50th acquisition and adding $476 million in assets [1] - The acquisition establishes Merit's first two offices in Maryland, specifically in Rockville and Columbia [1] - Obsidian specializes in business succession planning, providing tailored financial planning services for business owners [1][2] Group 1: Acquisition Details - The partnership with Obsidian enhances Merit's operational scale and marketing resources [2] - This acquisition strengthens Merit's expertise in business succession planning, addressing an underserved market [2][3] - The acquisition aligns with the anticipated generational wealth transfer from Baby Boomers, particularly those owning private companies [3] Group 2: Company Background - As of June 30, 2025, Merit managed $19.94 billion in assets across various categories, including advisory, brokerage, and retirement assets [4] - Earlier in the year, Merit acquired Global Wealth Advisors, adding an additional $860 million in client assets [4] - The acquisition of Obsidian allows for optimized staffing and enhanced operational support, facilitating growth in service offerings [4][3] Group 3: Expansion Plans - The acquisition will lead to the establishment of new offices in multiple locations, including Texas and Florida [5]

Core Insights - Business owners face unique challenges in retirement planning due to their concentrated wealth and entrepreneurial focus, which diverges from standard strategies used for typical employees [1][2] - The initial challenge is encouraging business owners to consider retirement planning, as they often prioritize immediate cash flow and operational concerns over long-term financial goals [2][3] Group 1: Behavioral Aspects of Retirement Planning - Business owners often operate with a present-focused mindset, concentrating on cash flow and payroll, which can delay retirement planning discussions [3][4] - Many business owners may not engage in retirement planning until after a significant business event, such as a sale or exit, leading to a lack of preparation [4] Group 2: Financial Strategies and Goals - Effective retirement planning for business owners requires early goal setting, including considerations for cash flow and potential future scenarios [5] - While reinvesting in the business is a common strategy for wealth building, it may not align with the owner's retirement needs, necessitating a shift in focus [5][6] Group 3: Wealth Concentration and Diversification - Business owners often have a significant portion of their net worth tied to their businesses, making the balance between concentration and diversification critical [6][7] - Concentration can be beneficial for wealth building, but as business owners achieve success, they should consider diversifying their investments to mitigate risk [7]

Core Insights - Roth IRAs are valuable financial tools but require adherence to specific rules to avoid mistakes [1] Group 1: Withdrawal Rules - Roth IRAs have a five-year rule for initial account opening and funding; early withdrawals that do not meet this rule incur tax penalties on earnings [2] Group 2: Tax Considerations - The tax-free growth and distributions of Roth IRAs are significant benefits, but individuals should also consider their current tax situation and potential savings from pre-tax retirement accounts [3] Group 3: Spousal Contributions - Contribution limits exist for Roth IRAs based on earned income, but spousal contributions can be made even if one spouse has no earned income [4] Group 4: Investment Strategies - It is essential to invest Roth IRA funds correctly to maximize tax-free growth; working with an advisor can help align investments with risk tolerance and objectives [5] Group 5: Documentation of Conversions - Proper documentation of conversions from traditional IRAs to Roth IRAs is crucial to avoid long-term complications; conducting a Roth audit may be beneficial to verify eligibility and manage IRA balances [6]

Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets [1] - He has worked as a financial journalist and covered various futures markets in the U.S. [1] - Jim is the proprietor of an analytical, educational, and trading advisory service [2] Group 2 - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim is also a consultant for the "Pro Farmer" agricultural advisory service [2] - He was the head equities analyst at CapitalistEdge.com [2] Group 3 - Jim provides daily market roundups and technical analysis on Kitco.com [3]

MINNEAPOLIS--(BUSINESS WIRE)--Financial advisory practice, Oakwood Financial Group, recently joined the branch channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo Clearing Services, Inc. with $260 million in client assets. The practice, located in Winter Park, Fla., is led by financial advisor Mike Lloyd, CFP®, CLU®, ChFC®, and includes financial advisor Gregg Mulvany and client service specialist Joel Ingram. The decision to make a move was driven by the team's desire to elevate. ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Beacon Pointe Advisors, BIP Wealth and Raymond James all unveiled deals purchasing advisory teams each managing over $850 million in client assets. Beacon Pointe to Add $857M RIA  Beacon Pointe Advisors announced it would buy The Family Firm, a female-led $857 million RIA based in Bethesda, Md., which will boost Beacon Pointe’s assets to approximately $49 billion. It is the firm’s 10th deal t ...

Core Viewpoint - Two Registered Investment Advisors (RIAs), Greenspring Advisors and Wealthstream Advisors, are merging to form an employee-owned firm managing over $4 billion in private client assets, emphasizing accountability to employees and clients rather than external shareholders [1][2]. Company Overview - The newly formed Greenspring Advisors will manage a total of over $10 billion in assets, which includes $4.3 billion in private client assets and approximately $6 billion in institutional assets [2]. - The firm will have a team of 70 employees, with 23 owning equity in the company, and plans to increase employee ownership [3]. Strategic Focus - The merger aims to enhance the employee-owned structure by allocating more resources to the team, with a focus on building a contiguous operational region from New York to Maryland [5]. - Greenspring intends to develop the best training program in the RIA industry and prefers organic growth over mergers and acquisitions for talent development [6]. Specialization - Wealthstream specializes in financial planning and investment management for high-net-worth individuals and families, while Greenspring focuses on advisory services for institutions and retirement plan sponsors [4].