Author | Lightnews

WealthManagement.com @wealthmanagement1.bsky.social · 2m

Raymond James added advisors with a combined $407 million in trailing-12 production over the last year, which CEO Paul Shoukry likened to a “medium-sized acquisition.”

Raymond James Hits Record Advisor Recruiting Figures

Raymond James reports record advisor recruiting with $407 million in trailing-12 production and $58 billion in client assets amid industry consolidation

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WealthManagement.com @wealthmanagement1.bsky.social · 1h

Steward Partners’ decision to end the 1099 model for incoming advisors was born from the firm’s need to “manage the growth” it’s seeing through its W-2 channel and its burgeoning M&A business.

Steward Partners Managing Growth By Ending 1099 Model

Steward Partners shifts focus to W-2 advisors and M&A as firm approaches $50B AUM. Current 1099 advisors can maintain status while firm targets $100B goal

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WealthManagement.com @wealthmanagement1.bsky.social · 2h

Artificial intelligence-driven advisor technology provider Jump acquired the Mobile Assistant transcription service, a move we are sure to see more of among the overabundant, less popular AI notetakers.

Jump Acquires Mobile Assistant in AI Notetaker Shift

Jump's acquisition of Mobile Assistant signals consolidation in the crowded AI notetaker market for financial advisors as competition intensifies

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WealthManagement.com @wealthmanagement1.bsky.social · 3h

Founding managing partners Bill Keaton and Alfred Sams have been with Raymond James since 2017. They will now move with their team of four to Concurrent’s 1099 affiliation platform, with Goldman Sachs as their custodian.

Concurrent Adds $1.3B Team from Raymond James

Concurrent has brought on former Raymond James team Keaton and Sams to its 1099 affiliate model, boosting AUM to over $15 billion.

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WealthManagement.com @wealthmanagement1.bsky.social · 5h

Stifel Financial reported record revenue during third-quarter earnings as strong markets buoyed its wealth management and banking businesses.

Stifel Reports Record Revenue in Q3

Stifel Financial posted $1.4B revenue and $544M in assets under management. CEO Kruszewski credits shift to fee-based model for more stable earnings

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WealthManagement.com @wealthmanagement1.bsky.social · 5h

The Diamond Podcast for Financial Advisors

Today, Joe sees himself as a sherpa—guiding the next generation of entrepreneurs through his latest venture, Rise Growth Partners.

Listen to the full podcast >> spr.ly/63329ACe7S

The Diamond Podcast for Financial Advisors: Joe Duran

Joe Duran, the founder of Rise Growth Partners, shares lessons for financial advisors and RIAs about building, selling and starting again.

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WealthManagement.com @wealthmanagement1.bsky.social · 6h

The #WMIQ Advisor Sentiment Index is a monthly reading of registered investment advisors’ confidence in the health of the stock market and the economy, both currently and in the near-term future.

Read the full report >> spr.ly/63328ACwjK

WealthManagement.com @wealthmanagement1.bsky.social · 1d

T. Rowe Price Group Inc. is planning to launch its first cryptocurrency fund, a bold move for the mutual-fund giant that mostly trades in traditional stocks and bonds.

T. Rowe Is Aiming to Beat an Index of Investments — in Crypto

T. Rowe Price Group Inc. is planning to launch its first cryptocurrency fund, a bold move for the mutual-fund giant that mostly trades in traditional stocks and bonds.

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WealthManagement.com @wealthmanagement1.bsky.social · 1d

Insigneo Financial Group, an independent broker/dealer and registered investment advisor, has signed an agreement to acquire the accounts of VectorGlobal Wealth Management Group and its RIA.

Insigneo to Acquire VectorGlobal Wealth Management

Insigneo Financial Group signs agreement to acquire VectorGlobal accounts adding $4 billion in client assets. Deal expected to close in first quarter 2026

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WealthManagement.com @wealthmanagement1.bsky.social · 1d

Balancing tradition, professionalism and legal compliance.

Family Offices Face Modern Employment Law Challenges

Family offices must balance traditional informal culture with rising employment standards amid talent competition with financial institutions

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WealthManagement.com @wealthmanagement1.bsky.social · 1d

Suzanne Siracuse talks with Claire O’Keefe, partner and head of partner development at Cerity Partners, about her unconventional journey from education to wealth management and the people-first culture that drives firm growth.

Listen to the full episode >> spr.ly/63329A7ixt

WealthManagement.com @wealthmanagement1.bsky.social · 1d

Open, honest and candid discussion about Pontera's fight with Fidelity, Vestwell's NY Auto IRAs, Aboon's new funding, Edelman changing CEOs, CITs overtaking mutual funds and more.

401(k) Real Talk Episode 171: October 22, 2025

Discussion about Pontera's fight with Fidelity, Vestwell's NY Auto IRAs, Aboon's funding, Edelman changing CEOs, CITs overtaking mutual funds and more.

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WealthManagement.com @wealthmanagement1.bsky.social · 1d

Dennis Moore, who has been serving as interim CEO of the Financial Planning Association since February, has been appointed to the role permanently, the organization announced.

FPA Appoints Dennis Moore as CEO

Dennis Moore, who served as interim CEO of the FPA since February, succeeds Patrick Mahoney, who died earlier this year after a battle with cancer.

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WealthManagement.com @wealthmanagement1.bsky.social · 1d

The investment will allow Midwest-based Krilogy to beef up its M&A around succession planning, as the firm continues to develop young talent.

Rise Growth Takes Minority Stake in $4B Krilogy

The investment by Rise Growth Partners will allow Midwest-based Krilogy to beef up its M&A around succession planning, as the firm develops young talent.

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WealthManagement.com @wealthmanagement1.bsky.social · 1d

ETFs of collateralized loan obligations experienced an outflow of about $516 million last week, marking the first investor exodus in about six months.

CLO ETFs See First Outflows Since April

Investors pulled $516 million from loan-backed ETFs amid rising credit quality concerns. JPMorgan notes this marks the first exodus in six months

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

During a SIFMA conference in Washington, D.C., SEC Chair Paul Atkins said investors would benefit from exposure to private markets in retirement plans “within reason.” Meanwhile, U.S. Rep. French Hill said Congress may hold hearings on the issue.

SEC Chair Backs Private Markets in 401(k) Plans

SEC Chair Paul Atkins supports private market exposure in retirement accounts when speaking during SIFMA conference.

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

Hartman Wanzor McNamara LLP will bolster Prime’s tax offering, which previously had been compliance services offered by certified tax preparers and external partners.

$30B Prime Capital Creates Tax Division Via Acquisition

The RIA has acquired Hartman Wanzor McNamara LLP, adding tax services to wealth, retirement and family office units as it builds to be a full-service shop

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

Hyeon Kang, managing director and private wealth advisor, and a team of three advisors and one support staff member have decided to join Wells’ Private Client Group in Bellevue, Wash.

Wells Fargo Snags $1B Advisor Team From Merrill

Hyeon Kang and team join Wells Fargo's Private Client Group in Bellevue, Wash. The move boosts the group’s assets under management by $1 billion.

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

Morningstar analyzed the myth of the “stock-picker’s market” and whether there is evidence of consistent manager outperformance. Publicly-traded BDCs are drawing new scrutiny amid new concerns about private credit.

10 Investment Must Reads for This Week (Oct. 21, 2025)

Investment news for financial advisors about dual-share classes for ETFs and mutual funds, active management track records, private credit concerns.

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

In this episode of Wealth Management Invest, host David Bodamer speaks with Todd Schlanger, CFA, senior investment strategist for multi-asset investing at Vanguard, to explore how advisors can approach portfolio construction in today’s market.

Listen >> spr.ly/63326AA9rG

WealthManagement.com @wealthmanagement1.bsky.social · 2d

AlphaCore Wealth Advisory, a La Jolla, Calif.-based, alternatives-focused RIA managing $6 billion in assets under management, has added a registered investment advisory firm in Rockville, Md., according to regulatory filings.

AlphaCore Adds $1.4B Maryland RIA SPC Financial

AlphaCore Wealth Advisory expands with addition of SPC Financial, bringing eight advisors and $1.4B in AUM to the alternatives-focused firm

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

It’s time to move beyond the notion that equity is inherently valuable.

Why Quality Equity Matters in Wealth Management

Organic growth and integration determine true equity value in financial services firms. Not all ownership stakes deliver equal returns

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

Blind processes often overlook the most critical aspects of a successful partnership.

Blind Auctions May Not Be the Best M&A Deal

Amid the frenzy of M&A in wealth management, many sellers are being steered toward blind auctions—methods that prioritize speed and valuation over fit.

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

Ann Hynek, who has had a 20-year career in financial services, most recently as head of marketing for alternative asset manager Flat Rock Global, has filed to launch her own registered investment advisor, Hestia Wealth & Wellness, in Denver.

Advisor Launches RIA Focused on Special Needs Families

Ann Hynek is launching Hestia Wealth & Wellness to serve individuals with disabilities and their families.

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WealthManagement.com @wealthmanagement1.bsky.social · 2d

As part of the partnership, Rayliant Chairman Jason Hsu joins Sowell’s OCIO team as chief investment strategist.

Sowell Management Partners With Rayliant for OCIO

Sowell Management forms exclusive partnership with Rayliant to enhance its OCIO platform. Jason Hsu joins the platform as chief investment strategist.

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