The Wire

August 24, 2021

#FA Success Ep 243: Scaling $1B Of Organic Growth In Under 5 Years With Targeted Multi-Niche Online Education, With James Bogart

My guest on today's podcast is James Bogart. James is the CEO and President of Bogart Wealth, an RIA located in McLean, Virginia that manages $1.8 billion of assets for 900 households.

What's unique about James, though, is that his firm has nearly doubled its assets under management organically since the start of the pandemic just 18 months ago, by leveraging online educational webinars that address very specific niche issues around employee benefits for those who work at specific companies in the energy sector.

August 16, 2021

Meet the LUMINARIES Class of 2021

We’re pleased to present the first winners of our new, pioneering recognition program:  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.

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. 

August 11, 2021

Mariner buys $500m Pittsburgh RIA

Mariner Wealth Advisors’ deal spree has hit Steel City.

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).

August 4, 2021

Hightower acquires Farr, Miller & Washington

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.

The Chicago-based aggregator has agreed to buy Farr, Miller & Washington, based out of Washington, D.C., for an undisclosed amount. Michael Farr, CEO and president of Farr, Miller & 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 & Washington will also hold stock in Hightower.

July 30, 2021

Want to Make Partner? Now’s the Time to Ask.

A growing talent shortage and the need to retain planning firms’ best employees and attract new ones is one of the most pressing issues 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.

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.

July 22, 2021

Is The M&A Market Heating Up or Fizzling Out?

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