Wealth Solutions Report

Kristy Archuleta, Ph.D., LMFT, CFT, a Professor in financial planning and financial therapy at the The University of Georgia, addresses the causes of holiday burnout among advisors and provides eight habits to prevent it. https://lnkd.in/eUZMPtnU #WealthSolutionsReport #FinancialAdvisors #WealthManagement

Prudential Advisors recruited Premier Planning Partners, a Mishawaka, Indiana, practice with over $550 million in client assets. The all-female team, led by Michelle Bryant and Marcia Kamiak, was previously affiliated with Raymond James. Prudential’s Patrick Hynes and Braxton Barton commented. https://lnkd.in/eC35PjPj #WealthSolutionsReport #FinancialAdvisors #WealthManagement

CAIS and consultancy Mercer produced their fourth annual survey of advisors on alternative investments. The results showed 90% of respondents are allocating to alts currently, with 88% planning to increase alts allocations over the next two years. Mercer’s Gregg Sommer and CAIS’ Brad Walker commented. https://lnkd.in/eSDwzqbp #WealthSolutionsReport #FinancialAdvisors #WealthManagement #AlternativeInvestments

RIA assets under management are growing the fastest for firms that are the most actively engaged in M&A activity, according to research presented by WisdomTree, with data and views from market intelligence firm RIA Catalyst and The Compound Insights, the research and intelligence division of The Compound Media. The average serial buyer had AUM of $32.5 billion in 2024, a 185% increase over the average serial buyer in 2019, says the white paper “The RIA Real Deal: What We’ve Learned from a Golden Era of Deal-Making.” RIAs that didn’t make any transactions only made net asset gains of 8.5% on average from 2022 to 2024 and had a 2.7% decline in the median, the report added. “What surprised me most was the scale gap between business models,” Julien Baneux, CEO and Founder of RIA Catalyst, told WSR. Baneux wrote the report with Mark Bruno of Emigrant Partners, and Matt Cerminaro of Exhibit A. https://lnkd.in/ewvkmHwP #RIAs #WealthSolutionsReport #FinancialAdvisors #M&A

Dynasty Financial Partners network partner firm Procyon announced Monday that it acquired OLV Investment Group, a wealth management firm with about $500 million in AUM and multiple locations in Michigan and Texas. The addition of OLV boosts Procyon’s total AUM to nearly $9 billion and its total headcount to almost 80, Procyon said. “By joining forces with OLV, we are extending the reach of our platform to new regions and clients with evolving financial needs,” said Phil Fiore, Jr. CIMA®, CEO of Procyon. “In Procyon, we’ve found a partner that shares our values and enhances our ability to grow alongside our clients,” said Dr. Tim Tenneriello, CEO of OLV Group. https://lnkd.in/eaXBB5tN #M&A #WealthSolutionsReport #FinancialAdvisors #WealthManagement

This week's Wealth Solutions Report Deals & Recruiting Roundup covers: • Waverly Advisors, LLC purchases the Promus Access and Promus Realty business lines, with approximately $3.1 billion in assets under management (AUM), from Promus Holdings, LLC • Creative Planning buys Burt Wealth Advisors, adds $1 billion in AUM • Mercer Advisors buys $1 billion Glass Jacobson Wealth Advisors • Crestline Investors, Inc. expands stake in Credent Wealth Management • Wealth Enhancement acquires $532 million FPG Private Wealth • Allworth Financial buys $460 million FSA Wealth Management • Sequoia Financial Group acquires $406 million Sterling Financial Group • Summit Financial stakes $500 million Ivy Wealth Management • Robo-advisor Wealthfront announces IPO • Cresset recruits $1.4 billion advisor team from Bernstein • Northern Trust names Eric Freedman as Chief Investment Officer for Wealth Management business • The Wealth Consulting Group appoints Jason Ehrlich as Chief Financial Officer and Head of Corporate Development https://lnkd.in/euNvsG8S #WealthSolutionsReport #FinancialAdvisors #M&A #WealthManagement