@CitywireRIA

Breaking news, analysis & insights for RIAs in the U.S.

 New York, NY
citywire.com/ria
Joined December 2015
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  • Followers4.5K
8KMedia
Exclusive — Australian investment bank and asset manager Macquarie Group is pursuing minority investments in RIAs, according to sources with knowledge of the situation.
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Full story: citywire.com/ria/news/macqua…

Macquarie pursuing RIA investments: Sources

The Australian bank is looking to make minority deals through its capital finance division.

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Former Osaic CFO Kristy Britt lands at Wipfli: citywire.com/ria/news/former…

Former Osaic CFO Kristy Britt lands at Wipfli

Britt had joined Osaic, one of the nation's largest independent broker-dealers, in 2024 from Thomson Reuters.

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AI wealthtech platform Feathery raises $30m: citywire.com/ria/news/ai-wea…

AI wealthtech platform Feathery raises $30m

The funding round, led by fintech investment firm Portage Ventures, will help finance the AI platform's efforts to scale.

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Mariner inks five-year deal with AI workforce startup: citywire.com/ria/news/marine…

Mariner inks five-year deal with AI workforce startup

Mariner said its enterprise-level partnership with Humanity Labs will not result in any workforce reductions.

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Corient merges in $450m RIA for country musicians: citywire.com/ria/news/corien…

Corient merges in $450m RIA for country musicians

Music Row Wealth Management, founded and headed by a Northwestern Mutual alum, is now part of the sports and entertainment group within the RIA acquirer.

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Exclusive — Private equity firm Clayton, Dubilier & Rice (CD&R) is pursuing a sale of a minority stake in RIA financier Focus Financial Partners, according to sources with knowledge of the situation.
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Full story: citywire.com/ria/news/focus-…

Focus Financial Partners pursuing sale of minority stake: Sources

Goldman Sachs is serving as the financial advisor for the process.

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$8.5bn Nashville-area SageSpring loses its COO after 3 months in role: citywire.com/ria/news/8-5bn-…

$8.5bn Nashville-area SageSpring loses its COO after 3 months in role

Brad Bowlin, who had also served as chief growth officer, has left SageSpring.

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$11bn F.L.Putnam buys New Hampshire RIA: citywire.com/ria/news/11bn-f…

$11bn F.L.Putnam buys New Hampshire RIA

Seascape Capital Management is the RIA's 11th conquest and 2nd in the Granite State.

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Podcast: Should custodians invest in RIAs? citywire.com/ria/news/podcas…

Podcast: Should custodians invest in RIAs?

Plus, a look at Goldman Sachs' push to get in on the long-short SMA game.

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Russell Investments sold to Facebook co-founder's VC firm and CalPERS: citywire.com/ria/news/facebo…

Russell Investments sold to Facebook co-founder's venture firm and CalPERS

The transaction is set to close in the first quarter of 2027.

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Corient updates ADV to fix erroneous alts incentive pay disclosure: citywire.com/ria/news/corien…

Corient updates ADV to fix erroneous alts incentive pay disclosure

At the start of July, CI Financial-backed Corient erroneously told regulators it was offering its advisors incentives to allocate client assets to alternative investments. A week later, it amended...

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Choreo buys $700m RIA, eyes pre-IPO firms after SpaceX coup: citywire.com/ria/news/choreo…

Choreo buys $700m RIA, eyes pre-IPO firms after SpaceX coup

Choreo has now added roughly $2bn in assets via dealmaking this year, the RIA's chief executive, Jason Van de Loo, told Citywire.

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From health to wealth, Michael Reed has crafted a post-deal standard: citywire.com/ria/news/from-h…

From health to wealth, Michael Reed has crafted a post-deal standard

Investment banker Michael Reed has carried his attention to detail and a rigorous focus on applying proven best practices from the healthcare field into the wealth management M&A arena.

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Wavvest Wealth snags $1bn advisor from Schwab: citywire.com/ria/news/wavves…

Wavvest Wealth snags $1bn advisor from Schwab

Vinnie Maliakkal has joined Wavvest as a managing director and founding advisor after spending the last 11 years at Schwab.

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SEC provides new scam warning on IAPD landing page: citywire.com/ria/news/sec-pr…

SEC provides new scam warning on IAPD landing page

The move coincides with the Commission launching a new retail fraud working group on Tuesday.

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Wealth Enhancement buys $1.3bn RIA WealthShield Partners: citywire.com/ria/news/wealth…

Wealth Enhancement buys $1.3bn RIA WealthShield Partners

WealthShield Partners is based in Cary, N.C. and was founded by Robert Leggett in 2013.

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Aspen Standard strikes deal for $1.3bn Michigan RIA: citywire.com/ria/news/aspen-…

Aspen Standard strikes deal for $1.3bn Michigan RIA

The private equity-backed acquirer has bought Kalamazoo-based CWS Financial Advisors.

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AI use cases for RIAs remain limited despite early enthusiasm: Survey citywire.com/ria/news/ai-use…

AI use cases for RIAs remain limited despite early enthusiasm: Survey

More than half of the advisors who responded to Capital Group's survey said their ‘personal comfort using AI’ is among their primary challenges with the technology.

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