News, Vision & Voice for the Advisory Community


First Republic buys an eight-year-old RIA for $115 million

The BoA spin-off gets Paul Tramontano's Constellation Wealth Advisors and its $6.1 billion of assets

Wednesday, June 17, 2015 – 4:12 PM by Brooke Southall
no description available
Jim Herbert: They align with and complement our existing wealth management capabilities.

Related Moves

Executive shake-up and staff hiring binge change Dynasty Financial Partners' talent mix, with Todd Thomson, Scott Welch, Ed Friedman and 12 women as headliners

The St. Petersburg-based producer of 'synthetic RIA scale' will continue to aggressively hire and adjust its talent ranks as it readies for next growth push.

September 24, 2019 – 2:02 AM

Infamous stockbroker resolves civil suit stemming from violent tirade -- the apparent final chapter in an incident that went viral and forever branded him the 'Fairfield Smoothie Guy'

Broker Jim Iannazzo went all out with high-powered attorneys and slick Las Vegas crisis pr team to limit the damage from his actions, but whether he can ever live down the incident remains to be seen.

September 1, 2022 – 5:11 AM

Dynasty Financial hires 'real deal' TD Ameritrade RIA sales talent who left after Schwab deal; he'll again mine for RIAs on Florida's Gold Coast--first big news since IPO disclosed

The St. Peterburg, Fla., technology outsourcer made its 10th Florida hire since start of year but first one on the state's Southeastern Coast

February 17, 2022 – 2:50 AM

Dan Seivert's ripping success in RIA M&A deals has odd side effect of having some sidearm staff leave for new vistas

Carolyn Armitage and Mark Bruno left to mutual benefit, while Echelon Partners roars on, feeding the beast of deal-crazed RIA buyers and sellers.

July 20, 2021 – 1:17 AM

See more related moves

Stephen Winks

Stephen Winks

June 17, 2015 — 9:19 PM

Exceptional wirehouse talent with billions under advisement have outgrown the brokerage format. There is not much their b/d can do for them and in fact it impedes their value proposition, cost structure, margins and professional standing. So what keeps great talent from becoming independent? There are very few places to go that are additive.

Brian Riley joining Republic played a major role in the Republic Value Proposition as he could articulate through his initiative all the frustrating advisory services imperatives that were not possible in a brokerage or roll up format. A true expert advisory services alternative does not exist for top wirehouse talent. Roll-ups are principally an extrapolation of conventional brokerage when an advisory services model is in order and in much demand. The mile stone here is that no one any longer aspires to the outdated brokerage business model, it is in the enlightened best interest for all to get serious about advisory services and as Jamie Dimon counsels make it politically expedient to ask and resolve advisory services questions in the best interest of the investing public. That is where the free market takes us and where we all are best served.

Stephen Winks

RIABiz Directory

The Industry Sourcebook for RIAs

   |    LISTING

RIABiz Directory sponsored by:

Directory Sponsor Logo