Edelman offers planners stock; RIAs hit by cyber shock

Ian and Alex are joined by Citywire founder and chairman Lawrence Lever to discuss why US consolidators are looking across the pond to buy British wealth managers. These firms are cheap, compared to their US peers, so what's the catch? They also cover Anthropic's endorsement of human financial advice and…

Ian, Alec, and Alex discuss two divergent deals from two of the largest RIAs in the market. Wealth Enhancement enters the support services game with its deal for FocusPoint Solutions, while Hightower edges away from that model, growing its Signature Wealth business by merging in $5bn Journey Strategic Wealth. Plus,…

Ian and Alex discuss the sale, or not, of listed wealth manager AlTi Global (formerly known as Tiedemann), plus Goldman Sachs’ plans to offer long-short SMAs to its RIA custody clients—a move that just happens to coincide with Fidelity putting an indefinite pause on such business. And Alec dials in…

Ian, Andrew and Alex discuss LPL Financial’s move to lay off 3% of its workforce, a story that broke in the same week that the firm’s stock sold off dramatically amid AI anxiety. They also dig into Cerity Partners’ $1bn deal with private equity firm Warburg Pincus, which values the…

Wealth stocks sold off sharply this week, triggered by a new AI-powered tax planning tool from custodian Altruist. But what does the tool do? And what does the selloff portend – the end of wealth management as we know it, or that listed legacy players will be disintermediated by new…