The Wire https://www.advisorgrowthllc.com/ en Meet the LUMINARIES Class of 2021 https://www.advisorgrowthllc.com/the-wire/meet-luminaries-class-2021 <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> August 16, 2021 </div> <h2 class="title">Meet the LUMINARIES Class of 2021</h2> <div class="body"> <p id="first-para">We’re pleased to present the first winners of our new, pioneering recognition program:&nbsp; the LUMINARIES. The program’s Class of 2021 members are being honored for the dynamic and inclusive ways they are driving the wealth, investment and retirement industry forward.</p> <p>An evolution of our Broker-Dealers of the Year awards, the LUMINARIES program shines a spotlight on how the top-performing industry participants are producing meaningful results in the areas that matter most to advisors​, rather than emphasizing asset levels, rankings or the latest industry buzz.&nbsp;</p> </div> <div class="attachment pt-3"> <a href="https://www.thinkadvisor.com/2021/08/16/meet-the-luminaries-class-of-2021/" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Mon, 16 Aug 2021 18:34:43 +0000 rachael 755 at https://www.advisorgrowthllc.com Mariner buys $500m Pittsburgh RIA https://www.advisorgrowthllc.com/the-wire/mariner-buys-500m-pittsburgh-ria <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> August 11, 2021 </div> <h2 class="title">Mariner buys $500m Pittsburgh RIA</h2> <div class="body"> <p>Mariner Wealth Advisors’ deal spree has&nbsp;hit&nbsp;Steel City.</p> <p>The serial RIA acquirer said on Wednesday that it plans to acquire Commonwealth Advisory Group, a $500m firm based in Pittsburgh. The deal will give Mariner its first location in Pennsylvania’s second-largest city (Mariner’s existing locations in the state include a Philadelphia office).</p> </div> <div class="attachment pt-3"> <a href="https://citywireusa.com/registered-investment-advisor/news/mariner-buys-500m-pittsburgh-ria/a1541292" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Wed, 11 Aug 2021 18:36:56 +0000 rachael 756 at https://www.advisorgrowthllc.com Hightower acquires Farr, Miller & Washington https://www.advisorgrowthllc.com/the-wire/hightower-acquires-farr-miller-washington <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> August 4, 2021 </div> <h2 class="title">Hightower acquires Farr, Miller &amp; Washington</h2> <div class="body"> <p>Hightower has acquired a $2 billion wealth management firm and added the CEO to its executive leadership team as the firm ramps up efforts to retain its position as one of the industry's top RIA consolidators.</p> <p>The Chicago-based aggregator has agreed to buy Farr, Miller &amp; Washington, based out of Washington, D.C., for an undisclosed amount. Michael Farr, CEO and president of Farr, Miller &amp; Washington, will join Hightower as chief market strategist while retaining his current role at the RIA he co-founded. As part of the acquisition, Farr, Miller &amp; Washington will also hold stock in Hightower.</p> </div> <div class="attachment pt-3"> <a href="https://www.financial-planning.com/news/hightower-acquires-farr-miller-washington" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Wed, 04 Aug 2021 16:26:56 +0000 rachael 754 at https://www.advisorgrowthllc.com Want to Make Partner? Now’s the Time to Ask. https://www.advisorgrowthllc.com/the-wire/want-make-partner-nows-time-ask <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> July 30, 2021 </div> <h2 class="title">Want to Make Partner? Now’s the Time to Ask.</h2> <div class="body"> <p>A growing talent shortage and the need to retain planning firms’ best employees and attract new ones is one of the&nbsp;<a href="https://www.barrons.com/advisor/articles/raymond-james-ameriprise-stifel-advisor-recruiting-51627590461?mod=article_inline" rel="follow" target="_blank">most pressing issues</a>&nbsp;facing RIAs. Efforts to retain top wealth managers can be brutal, according to Charles Schwab’s latest compensation report, with half of the country’s RIAs planning to poach advisors and other staffers from competitors this year.</p> <p>Not coincidentally, offering equity and laying out a path to partnership have become critical tools for advisory firms determined to attract and retain top-flight advisors, executives, and operations managers.</p> </div> <div class="attachment pt-3"> <a href="https://www.barrons.com/advisor/articles/want-to-make-partner-nows-the-time-to-ask-51627668163" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Fri, 30 Jul 2021 19:53:45 +0000 rachael 752 at https://www.advisorgrowthllc.com Is The M&A Market Heating Up or Fizzling Out? https://www.advisorgrowthllc.com/the-wire/ma-market-heating-or-fizzling-out <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> July 22, 2021 </div> <h2 class="title">Is The M&amp;A Market Heating Up or Fizzling Out?</h2> <div class="attachment pt-3"> <a href="https://www.oakstreetfunding.com/ma-environment-2/" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Thu, 22 Jul 2021 16:25:34 +0000 rachael 753 at https://www.advisorgrowthllc.com Oklahoma bank takes stake in $4bn Exencial https://www.advisorgrowthllc.com/the-wire/oklahoma-bank-takes-stake-4bn-exencial <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> July 9, 2021 </div> <h2 class="title">Oklahoma bank takes stake in $4bn Exencial</h2> <div class="body"> <p>Exencial Wealth Advisors is selling a stake in itself to a regional bank.</p> <p>The $4bn Oklahoma City-based RIA said that First United Bank has purchased a minority stake in the firm. First United Bank, which is headquartered in Durant, Okla., has some 85 locations spread around Oklahoma and Texas, and roughly $10bn in assets.</p> </div> <div class="attachment pt-3"> <a href="https://citywireusa.com/registered-investment-advisor/news/oklahoma-bank-takes-stake-in-4bn-exencial/a1528360" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Fri, 09 Jul 2021 20:01:04 +0000 rachael 728 at https://www.advisorgrowthllc.com How Financial Advisors Can Transform a Small Practice Into a Big One https://www.advisorgrowthllc.com/the-wire/how-financial-advisors-can-transform-small-practice-big-one <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> July 1, 2021 </div> <h2 class="title">How Financial Advisors Can Transform a Small Practice Into a Big One</h2> <div class="body"> <p>Some advisors are happy to be part of a small, community-oriented practice. But many advisors end up feeling constrained by the limitations and lack of capacity of a small firm, or worry about encroaching competition. What steps should motivated advisors who envision a wider horizon for their practice take to evolve into a larger enterprise with tangible market value?&nbsp;</p> <p>Start with a vision, then shape a strategy, says Mark Tibergien, the former CEO of Pershing Advisor Solutions, and co-author of “<em>The Enduring Advisory Firm</em>.”</p> </div> <div class="attachment pt-3"> <a href="https://www.barrons.com/articles/how-financial-advisors-can-transform-a-small-practice-into-a-big-one-51625162080" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Thu, 01 Jul 2021 20:01:52 +0000 rachael 729 at https://www.advisorgrowthllc.com Ric Edelman's secret recipe https://www.advisorgrowthllc.com/the-wire/ric-edelmans-secret-recipe <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> June 21, 2021 </div> <h2 class="title">Ric Edelman&#039;s secret recipe</h2> <div class="body"> <p>On June 3, Ric Edelman sat down in his home office in Great Falls, Virginia, to log on to an unusual Zoom with his inner circle. For years, he had routinely chatted with the two dozen senior financial planners at his successful investment advisory firm, all loyal, long-term employees spread out from West Palm Beach to Los Angeles. Over time, he had rewarded them with fancy “executive director” titles and company stock. More than half a dozen of them had joined him on a sweaty, “guys-only” road trip through the Australian Outback in early March 2020, right before the pandemic surged. “We are a close-knit, tight family,” Edelman, 63, says. He and Jean don’t have kids, “so these guys are our children. They’re our babies.”</p> </div> <div class="attachment pt-3"> <a href="https://www.financial-planning.com/news/ric-edelmans-move-out-of-edelman-financial-engines-the-largest-independent-financial-advisor-in-the-country-marks-a-watershed-for-private-equitys-growing-role-in-the-financial-planning-industry?utm_source=twitter&amp;utm_campaign=finplan-tw&amp;utm_content=socialflow&amp;utm_medium=social" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Mon, 21 Jun 2021 20:02:30 +0000 rachael 730 at https://www.advisorgrowthllc.com ‘Chances are slim to none’: Small RIAs may struggle to join referral programs https://www.advisorgrowthllc.com/the-wire/chances-are-slim-none-small-rias-may-struggle-join-referral-programs <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> June 18, 2021 </div> <h2 class="title">‘Chances are slim to none’: Small RIAs may struggle to join referral programs</h2> <div class="body"> <p>For smaller RIAs, winning access to lucrative custodial referral programs has historically been about as easy as getting upgraded from basic economy to first class on a United flight.</p> <p>And it’s only set to get more difficult.</p> <p>The barriers to entry may be getting too high for some advice businesses to even view a spot in Charles Schwab’s Schwab Advisor Network (SAN) or Fidelity’s Fidelity Wealth Advisor Solutions (WAS) program as an aspirational goal.</p> </div> <div class="attachment pt-3"> <a href="https://citywireusa.com/registered-investment-advisor/news/chances-are-slim-to-none-small-rias-may-struggle-to-join-referral-programs/a1516469" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Fri, 18 Jun 2021 18:28:17 +0000 rachael 726 at https://www.advisorgrowthllc.com Retaining and Rewarding Talent Through Internal Equity Transactions https://www.advisorgrowthllc.com/the-wire/retaining-and-rewarding-talent-through-internal-equity-transactions <div class="node node--type-wire-article node--view-mode-rss ds-1col mb-5 clearfix"> <div class="date"> June 14, 2021 </div> <h2 class="title">Retaining and Rewarding Talent Through Internal Equity Transactions</h2> <div class="body"> <p>Sharing equity can help attract and retain talented team members, create a clear succession plan, and help de-risk ownership for advisory firms. But what’s the best way to price and distribute equity to meet a firm’s strategic objectives? John Furey of Advisor Growth Strategies joins Catherine Williams, Dimensional’s Head of Practice Management, to discuss current trends in compensation and equity planning.</p> </div> <div class="attachment pt-3"> <a href="https://podcasts.apple.com/us/podcast/retaining-rewarding-talent-through-internal-equity/id1548054179?i=1000525611665" target="_blank" class="btn btn-outline-danger">Read More</a> </div> </div> Mon, 14 Jun 2021 18:28:47 +0000 rachael 727 at https://www.advisorgrowthllc.com