Boston, Oct. 02, 2025 (GLOBE NEWSWIRE) -- Crestwood Advisors (“Crestwood”), a boutique investment advisory and wealth management firm based in Boston and with offices in Connecticut and Rhode Island, is proud to announce its inclusion on the Forbes/SHOOK America’s Top RIA Firms list for the fourth consecutive year. Crestwood ranked No. 56 in 2025, moving up from No. 59 in 2024, underscoring the firm’s steady growth and enduring commitment to client service. “Our place on this list is a direct reflection of ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Ed Swenson, who left Osaic this summer after leading the firm’s RIA solutions division for about two years, has joined RFG Advisory, the Birmingham, Ala.-based hybrid RIA platform with more than $7 billion in assets, as president. He will also become a managing partner of the firm, alongside CEO Shannon Spotswood and Chief Investment Officer Rick Wedell. Spotswood served as president of the firm ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A federal court judge in Georgia sided with new registered investment advisor OpenArc Corporate Advisory by dismissing a temporary restraining order requested in a lawsuit filed against it by its former wirehouse employer, Merrill Lynch. Dynasty Financial Partners, OpenArc’s platform provider and minority investor, and custodian Charles Schwab were also named in Merrill’s court filing requesting ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. A tech-focused registered investment advisor founder and former CEO of PayPal has launched a new RIA touting an artificial intelligence-driven advice platform and tax-aware investing. Bill Harris, who founded tech-focused wealth manager Personal Capital in 2009, said at a launch event in New York that his new Evergreen Wealth will combine human expertise and technology for high-net-worth and aff ...

Core Viewpoint - Wealth management platform Wealthfront has filed for an initial public offering (IPO) and aims to list its common stock on the Nasdaq under the ticker symbol "WLTH" [2][3]. Company Overview - Wealthfront is a tech-driven financial platform designed to assist digital natives in wealth accumulation through services such as cash management, investing, borrowing, and financial planning [3]. - The company has pioneered the use of automation to help clients build investment portfolios [3]. Financial Performance - In the second quarter, Wealthfront reported a year-over-year growth of 24% in platform assets, reaching $88 billion, and a 26% increase in revenue, totaling $339 million [4]. Market Context - Wealthfront's IPO filing follows that of its competitor Chime, which went public earlier in June [5]. - The company had previously been in talks for an acquisition by Swiss bank UBS for $1.4 billion, but the deal was called off in September 2022 due to opposition from major investors and regulatory concerns [5][6].

Those lead advisors, minority investor and partner Dynasty, and custodian Schwab, are fighting the allegations in court. If they can clear those legal hurdles, OpenArc will become a new competitor in the mega-RIA space and likely join the acquisition spree .The road to creating OpenArc has not been easy, according to those who worked on the move. Nor was its launch, with a formal announcement preceded by a lawsuit filed by Bank of America’s Merrill in a federal court in Georgia, alleging that OpenArc leader ...

Core Insights - Lighthouse Private Wealth has been formed by advisors DJ Totland, Christopher Meyer, and Rob Tendler, joining LPL Financial's platform, with approximately $1.1 billion in advisory, brokerage, and retirement plan assets [1][2]. Group 1: Company Formation and Background - Lighthouse Private Wealth is located in Red Bank, New Jersey, and has a combined experience of 90 years among its founding advisors, who have worked together for 20 years [2]. - The firm serves a diverse clientele, including high-net-worth individuals, small business owners, and families, utilizing a holistic approach to financial matters [2]. Group 2: Reasons for Choosing LPL Financial - The advisors chose LPL Financial for improved technology and autonomy, aiming to customize their services in an 'a la carte' manner [3][4]. - The desire to become business owners and operate independently from traditional wirehouses or regional broker-dealers was a significant factor in their decision [4]. Group 3: LPL Financial Overview - LPL Financial is one of the fastest-growing wealth management firms in the U.S., supporting over 29,000 financial advisors and approximately 1,100 financial institutions, with around $1.9 trillion in brokerage and advisory assets [6]. - The firm offers a variety of advisor affiliation models, investment solutions, fintech tools, and practice management services, allowing advisors to select the resources they need to succeed [6].

Core Insights - President Trump's executive order has highlighted the growth of private markets, including private equity, credit, real estate, and infrastructure, and its intersection with the wealth-management industry [1] Group 1: Growth of Wealth Management and Private Assets - Global assets under management (AUM) in the wealth market reached $159 trillion in 2024, growing by 20% over the previous five years [2] - AUM held by general partners (GPs) in private assets is projected to increase from $18.7 trillion in 2024 to $24.1 trillion by the end of 2029 [2] - The growth of wealth management and private assets has been driven by different factors but has meaningful overlaps [2] Group 2: Wealth Managers' Interest in Private Credit - Wealth managers are increasingly attracted to private credit for portfolio diversification within fixed income and potential premiums over traditional fixed income [4] - Private credit has historically shown low correlation with stocks and bonds, making it appealing during periods of rising inflation or interest rates [4] - The floating-rate structure of private-credit funds supports hedging strategies [4] Group 3: Customization and Accessibility - Wealth managers need to deliver highly personalized portfolios, and private credit allows for significant customization around investment goals and borrowing terms [5] - New private investment vehicles can enhance accessibility and liquidity for clients [5] Group 4: Need for Transparency - Wealth managers acknowledge that the private-credit revolution requires higher transparency from GPs regarding liquidity and risk [6] - In the 2025 MSCI General Partner Survey, 57% of small GPs reported issues with data accuracy and credibility, while 94% of all GPs recognized the importance of portfolio-management solutions [6]

Don’t think of it as selling out, but rather as buying in. Over the next half of the decade, there are expected to be 1,500 M&A deals involving asset and wealth managers, according to a new report from consultancy Oliver Wyman and Morgan Stanley. That means one in five firms existing today will be acquired by 2029. In the past, the wealth and asset management industries were highly fragmented, and firms could find success with small teams and just a handful of clients. But the landscape is changing. “In ...

Mizuho is seeking to strengthen its wealth management business and take on industry leader Nomura as well-to-do Japanese invest more of their savings https://t.co/CzgzocoCWT ...