Articles written by Brooke Southall and Oisin Breen
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BlackRock will soon own a $30 billion RIA rollup that has grown 500% since 2020 mostly by M&A, and could now ramp up
The New York City mega manager will now own a majority stake of Lido Advisors through alts manager -- a deal within deal as it edges toward wealth management.
June 10, 2025 at 12:35 AM
Envestnet drops plan -- for now -- to enter RIA custody, opting for 'deepened integrations' with Fidelity, Schwab, and Pershing in first major reveal since Bain Capital buyout
New CEO Chris Todd promises technology, solutions, insights and partnership with custodians, also including Goldman Sachs, Altruist and Axos
May 28, 2025 at 4:28 AM
CD&R again wipes away more vestiges of Focus Financial's 'financial-engineering' legacy by making Adam Birenbaum president, and revealed their 60 RIA ADVs add up to $450 billion
The long-time Buckingham CEO, 47, ascends to run day-to-day operations of rollup that acquired his firm as reverse merging and consolidation of power continues.
May 3, 2025 at 2:29 AM
Ken Fisher suggests to RIA client on X to close his account if he thinks he's 'childish' for saying Trump tariffs are 'stupid, wrong, arrogantly extreme'
The owner and CIO of Fisher Investments was not alarmed as of last week, then changed his tune but still thinks fears over tariffs are overblown.
April 9, 2025 at 2:34 AM
Walt Bettinger joining CD&R just four months after Schwab retirement could signal a big private-equity play brewing
The ex-Schwab CEO's appointment at Focus Partners' take-private owner, suggests the private equity player is positioning for a major move.
April 2, 2025 at 2:16 AM
iCapital expands New York City office space for fifth time by a whopping 79,000-square-feet in historic tower, after 2024 M&A spree and LPL deal
The alts platform for Schwab, Fidelity, LPL and Envestnet and others commits to 16-year lease, takes office space to 219,000-sq-ft-plus -- and signals long-term confidence.
