RIAS

Aztec Software Acquires Financial Fitness Group

Retrieved on: 
Tuesday, February 6, 2024
OnePoll, Family, History, FFG, FINRA, Aztecs, School, Education, RIAS, Workforce, Organization

MORRISTOWN, N.J., Feb. 6, 2024 /PRNewswire/ -- Aztec Software ("Aztec"), an educational software company focused on helping adults make generational change through academic upskilling, workforce and job-specific certification preparation, and wealth management and financial literacy programming, today announced that it has acquired Financial Fitness Group ("FFG"), a provider of industry-leading interactive financial wellness solutions. FFG will be combined with iGrad, an Aztec brand and award-winning, web-based financial literacy platform that provides lifetime personalized financial wellness education. The combination brings together two highly complementary businesses with a shared mission to enrich lives by making financial education personal, easy, effective, and enjoyable.

Key Points: 
  • MORRISTOWN, N.J., Feb. 6, 2024 /PRNewswire/ -- Aztec Software ("Aztec"), an educational software company focused on helping adults make generational change through academic upskilling, workforce and job-specific certification preparation, and wealth management and financial literacy programming, today announced that it has acquired Financial Fitness Group ("FFG"), a provider of industry-leading interactive financial wellness solutions.
  • FFG will be combined with iGrad, an Aztec brand and award-winning, web-based financial literacy platform that provides lifetime personalized financial wellness education.
  • Financial Fitness Group is a leading FINRA-reviewed financial content provider that helps thousands of advisors and financial service firms attract, build, educate, and cultivate relationships with their clients.
  • "Financial advisors play a critical role helping individual investors of all ages navigate an increasingly sophisticated financial landscape, and their expertise is invaluable in helping clients make informed financial decisions," said Joe Saari, Founder and Chairman of the Financial Fitness Group.

Mercer Advisors Upgrades Its Organic Growth Processes With Catchlight

Retrieved on: 
Tuesday, February 6, 2024
Professional Services, Fintech, Data Management, Technology, Artificial Intelligence, Digital Marketing, Public Relations, Investor Relations, Marketing, Communications, Content Marketing, Finance, Consulting, Acquisition, RIAS, Adviser, RIA, Financial adviser

Aiming to bolster organic growth and ensure highly tailored engagement with potential clients, Mercer Global Advisors, Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA), will fortify its digital, direct-to-consumer sales and marketing campaigns with Catchlight.

Key Points: 
  • Aiming to bolster organic growth and ensure highly tailored engagement with potential clients, Mercer Global Advisors, Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA), will fortify its digital, direct-to-consumer sales and marketing campaigns with Catchlight.
  • Mercer Advisors will use Catchlight’s insights of prospective clients to rapidly build a more complete understanding of each prospect’s financial landscape and anticipated needs.
  • By incorporating Catchlight into its data-driven sales strategy, Mercer Advisors can route leads to the advisors best suited to their circumstances and setting the stage for a stronger advisor-client relationships.
  • “Mercer Advisors has developed a sharp vision of the role that data and personalization play in sustained organic growth in the RIA space,” said Yelena Melamed, Catchlight Co-Founder and Head of Product.

Rise Growth Partners Announces $250 Million Commitment From Charlesbank Capital Partners to Fuel the Next Generation of RIAs

Retrieved on: 
Thursday, February 1, 2024
Consulting, Asset Management, Professional Services, Finance, Partnership, Growth, Simpson Thacher & Bartlett, RIA, Partner (business rank), AUM, Acquisition, RIAS, Kilpatrick Townsend & Stockton, Management

Rise Growth Partners (“Rise”), the wealth management industry’s first synergistic financial partner for growth-oriented, registered investment advisors (RIAs), today announced a $250 million commitment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York.

Key Points: 
  • Rise Growth Partners (“Rise”), the wealth management industry’s first synergistic financial partner for growth-oriented, registered investment advisors (RIAs), today announced a $250 million commitment from Charlesbank Capital Partners (“Charlesbank”), a middle-market private investment firm with offices in Boston and New York.
  • Rise, with capital from Charlesbank and Rise management, will seek to acquire significant minority stakes in select RIA firms.
  • Once invested, Rise will provide them with growth capital, hands-on operational guidance, and acquisition expertise to fuel these firms’ evolutions into the next generation of national wealth management platforms.
  • Simpson Thacher & Bartlett LLP provided legal counsel to Charlesbank, and Kilpatrick Townsend & Stockton LLP provided legal counsel to Rise.

Palladius Capital Management Highlights 2023 Business Activities

Retrieved on: 
Wednesday, January 31, 2024
Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Urban Planning, Construction & Property, REIT, Professional Services, Building Systems, Architecture, Other Construction & Property, Finance, Partnership, Multimedia, Choice Hotels, Attention, Growth, Population growth, Agility, Housing, Uncertainty, AUM, Investment, RIAS, Commercial property

Palladius Capital Management (“Palladius”), a vertically-integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies, today provided a recap of its investment and capital raising activities in 2023.

Key Points: 
  • Palladius Capital Management (“Palladius”), a vertically-integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies, today provided a recap of its investment and capital raising activities in 2023.
  • View the full release here: https://www.businesswire.com/news/home/20240131230528/en/
    Map of Palladius Capital Management's current and past footprint across the United States.
  • With significantly fewer sources of capital available due to the widespread pullback of regional banks and higher cost of capital, Palladius strategically ramped up lending in 2023, deploying new capital into more than $100 million in loan opportunities across property types.
  • Palladius and its affiliates accelerated capital raising activities in 2023, securing approximately $170 million from a variety of capital sources, representing a year-over-year increase of 27%.

Elements Launches Complimentary Service for Nascent Advisory Firms

Retrieved on: 
Tuesday, January 30, 2024
Consulting, Personal Finance, Technology, Professional Services, Asset Management, Data Analytics, Software, Other Professional Services, Fintech, Mobile, Wireless, Finance, CFP, Burn, RIAS, Trust, Element, ADV, BDS, Marketing, Financial adviser

Elements , a financial vitals system that helps financial advisors serve clients faster, today announced the launch of its complimentary service offering.

Key Points: 
  • Elements , a financial vitals system that helps financial advisors serve clients faster, today announced the launch of its complimentary service offering.
  • Elements’ innovative financial vitals system streamlines the process of gathering client data, pre-planning, preparing for client interactions, and creating marketing content.
  • The firm's latest move exemplifies Elements' commitment to helping advisors streamline their practices by providing a seamless, state-of-the-art client experience, ensuring that advisors can offer a sophisticated and scalable planning practice from day one.
  • Elements' platform is now accessible free of charge to eligible firms under its "three for free” program.

Nuveen Collaborates with Morningstar Retirement to Offer TIAA Secure Income Account

Retrieved on: 
Thursday, February 1, 2024
Nuveen, SIA, Research, Social, Retirement, Social Security, CIT, TIAA, Insurance, Contribution, Risk, RIAS, Financial adviser

This service is available only to individuals whose retirement plans offer both Morningstar Retirement Manager and the TIAA SIA.

Key Points: 
  • This service is available only to individuals whose retirement plans offer both Morningstar Retirement Manager and the TIAA SIA.
  • Morningstar Retirement Manager is a platform designed to help provide employees with a comprehensive, personalized retirement plan.
  • TIAA Traditional, TIAA's flagship fixed annuity for 403(b) nonprofit and government plans, has been available through Morningstar Retirement for decades.
  • "As retirement legislation such as the 2019 SECURE Act continues to bolster the resurgence of in-plan annuities inside employer sponsored plans, we're excited to collaborate with Morningstar Retirement to make secure income a reality for even more retirement plan participants."

Steward Partners Elevates Wealth Management and Retirement Planning Services with Pontera

Retrieved on: 
Wednesday, January 31, 2024
Partnership, Growth, RIA, ICONIQ, Retirement, ISO, Partner, SOC, RIAS, Financial adviser

NEW YORK, Jan. 31, 2024 /PRNewswire/ -- Pontera, the fintech company helping retirement savers receive professional 401(k) management from their trusted financial advisor, and Steward Partners Global Advisory ("Steward Partners"), a full-service, employee-owned, independent financial services firm, have announced a new partnership. Now overseeing more than $32 billion in client assets, Steward Partners is paving a path for its advisors to manage retirement plan accounts securely through its Advised Retirement Plan Account platform, powered by Pontera.

Key Points: 
  • Now overseeing more than $32 billion in client assets, Steward Partners is paving a path for its advisors to manage retirement plan accounts securely through its Advised Retirement Plan Account platform, powered by Pontera.
  • Steward Partners' collaboration with Pontera is a natural extension of its innovative approach to wealth management.
  • "The synergy between Steward Partners and Pontera is a natural extension of our innovative approach to financial advisory services," remarked Jim Gold , Chief Executive Officer of Steward Partners.
  • "Together, we are committed to enhancing the already impressive suite of services that Steward Partners offers—empowering advisors to deliver the best possible retirement outcomes to clients."

LV Distribution Joins Forces with Advisory Research in a Strategic Partnership to Enhance Investment Opportunities

Retrieved on: 
Tuesday, January 30, 2024
Partnership, RIAS, Family, Registered investment adviser, Growth, Financial adviser

NEW YORK, Jan. 30, 2024 /PRNewswire/ -- LV Distribution, LLC a prominent entity specializing in third-party asset management distribution, is delighted to announce an exciting strategic partnership with Advisory Research Investment Management, an investment management firm committed to providing exceptional actively managed concentrated equity investment solutions and delivering long-term value to clients.

Key Points: 
  • NEW YORK, Jan. 30, 2024 /PRNewswire/ -- LV Distribution, LLC a prominent entity specializing in third-party asset management distribution, is delighted to announce an exciting strategic partnership with Advisory Research Investment Management, an investment management firm committed to providing exceptional actively managed concentrated equity investment solutions and delivering long-term value to clients.
  • Advisory Research brings a distinguished legacy of investment expertise and a diverse suite of investment products to this partnership.
  • "We are thrilled to announce our partnership with Advisory Research, a highly respected firm known for its robust concentrated equity investment capabilities and unwavering commitment to clients," said Edward Soltys, Head of LV Distribution.
  • Both LV Distribution and Advisory Research are dedicated to building lasting relationships and providing exceptional investment experiences to clients.

ExchangeRight Ends 2023 as Third Largest Sponsor in the DST Market

Retrieved on: 
Tuesday, January 30, 2024
Collection, DST, Investment, RIAS, REIT, Cryptocurrency

In 2023, ExchangeRight grew its market share by more than 20% year over year.

Key Points: 
  • In 2023, ExchangeRight grew its market share by more than 20% year over year.
  • Advisors, representatives, and their clients entrusted over $360 million of equity in ExchangeRight DST offerings in 2023, resulting in ExchangeRight growing its market share by more than 20% year over year.
  • ExchangeRight's DST platform supported more than $159 million in annual DST distributions to investors in 2023, with more than 7,900 investors served across all ExchangeRight platforms.
  • Warren Thomas, a managing partner at ExchangeRight, expressed that this accomplishment reflects the dedication of the ExchangeRight team to be faithful stewards of investors' wealth.

Flourish Announces Flourish Annuities, a Platform and Marketplace to Unlock $350B Annuity Market for RIAs

Retrieved on: 
Wednesday, January 17, 2024
Insurance, Investment, RIA, OID, RIAS, Financial adviser

The $350B annuities market has been on the rise, hitting a sales record of $183B in the first half of last year.

Key Points: 
  • The $350B annuities market has been on the rise, hitting a sales record of $183B in the first half of last year.
  • However, annuities have often been inaccessible to independent RIAs due to the many complexities and pain points of offering insurance products.
  • Until now, the user experience for both advisors and clients has made annuities more trouble than they’re worth for independent RIAs.
  • “Flourish Annuities introduces a convenient way for RIAs to open the door to these tax-advantaged investments for their clients.