RIAS

Corebridge Financial Launches New Multi-Year Guaranteed Annuity for Registered Investment Advisors

Retrieved on: 
Wednesday, January 24, 2024

Corebridge Financial today announced the expansion of its annuity lineup for registered investment advisors (RIAs) with the launch of American Pathway AdvisorySM—a multi-year guaranteed annuity (MYGA) that offers growth and principal protection, along with flexibility and convenience.

Key Points: 
  • Corebridge Financial today announced the expansion of its annuity lineup for registered investment advisors (RIAs) with the launch of American Pathway AdvisorySM—a multi-year guaranteed annuity (MYGA) that offers growth and principal protection, along with flexibility and convenience.
  • American Pathway Advisory is a fixed annuity that brings enhanced flexibility to the MYGA space through innovative renewal options.
  • Registered investment advisors can visit the Corebridge RIA-dedicated website to find business development and client education programs, access interactive tools that help clients better plan and prepare for retirement and discover more about the full suite of Corebridge advisory solutions.
  • "Corebridge Financial is helping more and more registered investment advisors take action to improve retirement outcomes for their clients,” said Eric Taylor, RICP®, Senior Vice President, National Sales Manager, Corebridge Financial.

Wealth Partners Capital Group and HGGC Establish Strategic Partnership With True North Advisors

Retrieved on: 
Wednesday, January 24, 2024

True North Advisors, LLC (“True North”), a Texas-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing.

Key Points: 
  • True North Advisors, LLC (“True North”), a Texas-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing.
  • WPCG and HGGC have made a minority equity investment in True North to help accelerate True North’s growth via targeted acquisitions.
  • The management team of True North remain majority shareholders and will continue to control the decision-making and operations of the firm.
  • Alston & Bird and Kirkland & Ellis LLP served as legal counsel to True North and the new investor group, respectively.

Luma Financial Technologies and Yieldstreet Broaden RIA Access to Private Market Alternatives

Retrieved on: 
Friday, January 19, 2024

Luma Financial Technologies (“Luma”), an award-winning independent multi-issuer structured products and annuities platform, has expanded its partnership with Yieldstreet, a leading private market investment platform, to bring Yieldstreet’s diverse offerings to Luma’s customer base.

Key Points: 
  • Luma Financial Technologies (“Luma”), an award-winning independent multi-issuer structured products and annuities platform, has expanded its partnership with Yieldstreet, a leading private market investment platform, to bring Yieldstreet’s diverse offerings to Luma’s customer base.
  • In doing so, Luma is broadening Registered Investment Advisors (RIAs) access to alternative investment products that can play a fundamental role in building a diversified portfolio.
  • Through its latest collaboration with Yieldstreet, Luma users receive educational training, post-trade advisor management and reporting tools for a diverse selection of private market solutions such as real estate, private equity, art, supply chain financing, and more.
  • For more information on Luma Financial Technologies and their new Yieldstreet private market alternative offerings, please visit Luma’s website .

Helios Elevates Advisor Empowerment with New Trade Execution Services

Retrieved on: 
Thursday, January 18, 2024

Helios , pioneer of the Insourced Chief Investment Officer (iCIO) model that seamlessly integrates strategic guidance, portfolio oversight and cutting-edge technology and research into a firm's internal team, today announces its latest offering: model trade execution services for financial advisors.

Key Points: 
  • Helios , pioneer of the Insourced Chief Investment Officer (iCIO) model that seamlessly integrates strategic guidance, portfolio oversight and cutting-edge technology and research into a firm's internal team, today announces its latest offering: model trade execution services for financial advisors.
  • This initiative aligns with Helios' commitment to equipping advisors with essential tools and support, enhancing scale, efficiency, and fostering confident communication.
  • With the introduction of this service, advisors retain access to Helios' comprehensive benefits, now coupled with a revolutionary payment framework.
  • "Our latest offering epitomizes our commitment to delivering a world-class asset management experience to our advisors,” added Chris Shuba , Helios founder and CEO.

LibertyFi and Aptus Capital Advisors Merge to Create First-of-its-Kind Custom Asset Management Program

Retrieved on: 
Thursday, January 18, 2024

LibertyFi , a technology and operations consultancy focused on driving revenue and growth for RIAs, and Aptus Capital Advisors , a CIO support and OCIO practice, have merged to create a firm designed to build custom solutions for RIAs.

Key Points: 
  • LibertyFi , a technology and operations consultancy focused on driving revenue and growth for RIAs, and Aptus Capital Advisors , a CIO support and OCIO practice, have merged to create a firm designed to build custom solutions for RIAs.
  • View the full release here: https://www.businesswire.com/news/home/20240118492540/en/
    The two firms recognized their shared passion for helping advisors achieve full potential as efficiently as possible while staying ahead of the competition.
  • With a consistent commitment to serving the client and strong collaboration around implementation, LibertyFi and Aptus seized the opportunity to enhance their current relationships and expand their advisor-focused capabilities.
  • “With LibertyFi’s ability to reduce time spent on middle office and other operational activities combined with custom, differentiated investment guidance through Aptus, advisors are well positioned for significant growth.”

AI-enabled Direct Indexing Platform Alphathena Receives Strategic Investment from ETFS Capital and HPA

Retrieved on: 
Thursday, January 18, 2024

Alphathena, the Morningstar Fintech Showcase 2023 “ Best in Show ” winner and leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs), has secured a $4-million investment led by ETFS Capital , with Hyde Park Angels (HPA) joining the round.

Key Points: 
  • Alphathena, the Morningstar Fintech Showcase 2023 “ Best in Show ” winner and leading AI-powered direct indexing platform for Registered Investment Advisors (RIAs), has secured a $4-million investment led by ETFS Capital , with Hyde Park Angels (HPA) joining the round.
  • “We are thrilled to have the support of two such esteemed investors as ETFS Capital and HPA,” said Mohan Naidu, founder of Alphathena.
  • “Alphathena has developed a truly innovative solution that addresses a critical need for advisors seeking to offer customized direct indexing and tax-loss harvesting strategies,” said Martyn James of ETFS Capital.
  • Notably, Alphathena is the first strategic investment ETFS Capital has made in the past two years, highlighting their conviction in the platform's potential.

Advyzon Releases Third Annual Special Report on Financial Advisor Billing & Fees

Retrieved on: 
Thursday, January 18, 2024

The report uncovers recent trends in billing and fees, plus offers insights into where the industry may be headed.

Key Points: 
  • The report uncovers recent trends in billing and fees, plus offers insights into where the industry may be headed.
  • In addition, billing based on an account’s average daily balance, versus beginning or ending balance, saw continued growth in 2023.
  • Advyzon conducted the same billing study at the end of 2022 , sharing insights from more than 1,000 firms.
  • With performance-based billing, certain fees are triggered only when assets perform well enough to pass a specified threshold.

Schwab Reports Fourth Quarter and Full Year Results

Retrieved on: 
Wednesday, January 17, 2024

Further details on non-GAAP financial measures and a reconciliation of such measures to GAAP reported results are included on pages 10-12 of this release.

Key Points: 
  • Further details on non-GAAP financial measures and a reconciliation of such measures to GAAP reported results are included on pages 10-12 of this release.
  • Additionally, we welcomed 977 thousand new-to-firm retail households as well as 315 advisors-in-transition to Schwab.
  • We also saw building momentum within Schwab Personalized Indexing® and launched Schwab Investing Themes™.
  • The most recent commentary, which provides perspective on client cash realignment trends and second quarter revenue expectations, was posted on June 14, 2023.

Fast-Growing Flat Fee Firm Achieves Significant Milestone - Wedmont Private Capital Hits $1.5 Billion in AUM Less Than Four Years from Launch

Retrieved on: 
Thursday, January 25, 2024

Founded by James Pelletier and Dominic Corabi, Wedmont stands out as one of the fastest-growing registered investment advisors (RIAs) in the industry, fueled by its unique flat fee model.

Key Points: 
  • Founded by James Pelletier and Dominic Corabi, Wedmont stands out as one of the fastest-growing registered investment advisors (RIAs) in the industry, fueled by its unique flat fee model.
  • These savings have caused investors to vote with their feet – leaving behind traditional firms to join Wedmont.
  • In addition to its notable flat fee structure, Wedmont Private Capital has gained recognition for its expertise in managing direct indexed portfolios.
  • The market has spoken, and our growth is a testament to investors' recognition of the economic value Wedmont provides to our clients."

TradePMR Earns Highest Advisor Satisfaction Score Among Custodial Platforms in 2024 T3/Inside Information Survey

Retrieved on: 
Wednesday, January 24, 2024

GAINESVILLE, Fla. and TAMPA, Fla., Jan. 24, 2024 /PRNewswire/ -- TradePMR, a technology and custodial services provider for Registered Investment Advisers (RIAs), received the highest average advisor satisfaction rating from 2,917 financial advisors for its Fusion platform in both the Custodial Platforms and Online Portfolio Management categories. These rankings were highlighted in the 2024 T3/Inside Information Survey1, an annual survey distributed and analyzed by industry veterans Joel Bruckenstein and Bob Veres that was released Tuesday at the T3 Technology Conference in Las Vegas. The survey results were based on anonymous feedback collected from November and December, 2023.

Key Points: 
  • GAINESVILLE, Fla. and TAMPA, Fla., Jan. 24, 2024 /PRNewswire/ -- TradePMR , a technology and custodial services provider for Registered Investment Advisers (RIAs), received the highest average advisor satisfaction rating from 2,917 financial advisors for its Fusion platform in both the Custodial Platforms and Online Portfolio Management categories.
  • The Fusion platform received an average satisfaction rating of 8.91 out of 10 in the Custodial Platforms category, the best score in the category.
  • In addition to this high rating in the Custodial Platforms category, TradePMR received an average score of 8.73 out of 10 in the Online Portfolio Management category in the 2024 report.
  • This was the highest score in the category and the third consecutive year that TradePMR received a score above 8.