Real Assets Adviser’s Post

"LPL Financial LLC announced today that financial advisors Tim Woodall and Dustin Raring launched a new independent practice, Highway One Capital, through affiliation with LPL Financial’s supported independence model, LPL Strategic Wealth Services. The team reported having served approximately $500 million in advisory, brokerage and retirement plan assets* and joins LPL from First Republic, now part of JPMorgan Chase." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments

"Mission Wealth's Bryant Merryman, CFP® Senior Wealth Advisor in Chicago has been named #42 on the Forbes Best-In-State Next-Gen Wealth Advisors list for 2024." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity

"The addition of Chapel & Collins, LLC pushes Mercer Advisors’ assets under management in Colorado to nearly $5 billion across its seven offices and over 150 employees in the Greater Denver Area." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

"With a history spanning nearly 50 years and $2.5 billion of assets under management, Certified Financial Group, Inc. stands as one of Central Florida’s largest independent financial planning and wealth management firms, serving clients in 28 states." Joe Bert, CFP®, AIF® Aaron Bert, CFP®, AIF® #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

"LPL Financial LLC announced today that financial advisors @Randy Petrilli, Matt Goodwin, @Travis Whitaker and Jeffrey McWhorter of @Goodwin Petrilli Financial have joined LPL Financial’s broker-dealer, RIA and custodial platforms. The advisors reported having approximately $205 million in advisory, brokerage and retirement plan assets*. They join LPL from Cambridge Investment Research." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

"The firm, led by Senior Managing Director and founder Eric Lyon, and Senior Managing Director Tom Holly, specializes in wealth management and retirement solutions. Lyon and his team bring nearly three decades of experience, with WEFS offering sophisticated, service-first offerings to help its clients realize their investment goals. The WEFS team of 31 independent advisors and staff members oversees $1.4 billion in assets under management." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

"CapTrust Financial Advisors / CTFA.com, the Raleigh, N.C.-headquartered registered investment advisor, has surpassed $1 trillion in total client assets, a big milestone for the independent RIA channel. That includes $220 billion in assets under management, with the rest under advisement." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity

"With a focus on acquiring financial advisory practices managing between $100 million and $500 million in assets, VestGen Wealth Partners offers retiring advisors and their clients a seamless transition while empowering the next generation of advisors through mentorship, resources, and technology." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

The Redefinition of the Super Rich @Financial Times: Centimillionaires are less focused on short-term investment opportunities, according to R360’s Managing Partner Barbara Goodstein. So what do super wealth creators focus on in R360 meetings? Read the full article. #WealthManagement #UHNW #R360 #FinancialTimes https://lnkd.in/eDMDYq-6

With recent news of Merrill enhancing their sunset deal and most firms looking to sign on younger advisors to partial monetization events, I’ve been reflecting on how these changes will impact advisor movement. 🤔 Sunset deals are the best possible retention tool for firms. 😱 Advisors nearing retirement who are happy where they are or mostly content will cheer these new deals and sign on the dotted line. Why not capture a higher multiple? However, those teams who feel like they want to do more for clients,  have more agency of their practices, and leave their legacy at a place more aligned with their goals, will still pursue external options. 🔮 My prediction: The result will be less wirehouse advisor movement since inheriting teams are locked in for 5-7 years and more advisors approaching retirement will be inclined to take the internal succession deals. Who needs to pay a retention deal when you can accomplish the same thing for less money? Think about it? Am I wrong?