Pinnacle hires $700M Truist team in Naples
The Naples team moves onto Pinnacle's Raymond James Financial Institutions Division platform after leaving Truist.
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All Private Wealth Daily reporting, newest first.
Truist names Dunn and Cram interim wealth co-heads
Sameer moves to consumer banking; Truist's RIA manages $77 billion.
Orion to charge vendors for API access; Salesforce to meter AI calls
A WealthManagement.com column says the RIA nearly always pays, via a surcharge, a dropped connector or roadmap spending.
SEC 2027 exams test RIA fee conflicts and product fit
Newly registered RIAs, consolidators and firms that changed business models face extra review under the priorities.
Syntax sends custom indices into Schwab's iRebal
Advisors can build custom indices under single sign-on and run them as account-level models in iRebal, WealthManagement.com reports.
Visionary Square to pay $50 monthly FINNY AI fee for 250-plus advisors
The hybrid RIA will cover the seat fee for its partner-firm advisors; FINNY also takes an unstated share of assets won through the platform.
Merrill lifts 2027 growth bar to $7.5M as RBC hires $1B UBS team
Merrill's core grid stays flat, so extra pay sits behind the $7.5 million threshold and four-household target, Financial Planning reports.
Visionary Square to pay $50-a-month FINNY AI fee for 250-plus advisors
FINNY also takes a small share of the assets those advisors win, a rate the figures released do not state.
Crusoe, Microsoft and Akashi plan 628MW of data-center capacity
Crusoe's Paraguay campus has a first phase targeted for mid-2027, Akashi's first 10MW is due the same year, and Microsoft's Georgia filing covers 422MW.
Osaic adds $576M Freehold team from Stifel Independent Advisors
The three-generation Landrum, S.C. practice joins after Equitable Advisors bought Stifel Independent Advisors in February 2026.
Sanctuary Wealth adds bQuest aging-care tools for partner firms
Advisors get a readiness assessment and care-coordination concierge; pricing was not included in the coverage.
ACORE Capital launches advisor wealth platform
The $17 billion real estate manager named Mick Manning president; the platform will offer credit and equity through advisors.
Fitch scores wealth managers 40 out of 100 on AI disruption risk
Standalone advisory firms share the 40 score with retail and private banks, double the 20 for corporate and investment banks and insurers.
Beijing's 20% trust tax sends wealthy Chinese to U.S. banks
Inquiries have grown since July, and some accounts open in under two months, CNBC reports.
Deal lawyer Corey Kupfer predicts an RIA IPO within two years
Mercer Advisors refinanced $1.9 billion of private debt and Beacon Pointe closed a $1.2 billion raise, capital Kupfer links to the push toward a listing.
PHP2Shell flaws put RIA website vendors under 72-hour breach-reporting duty
Under Reg S-P, a website vendor has 72 hours to report a breach to the firm, which then has 30 days to notify clients.
Mariner Wealth Advisors seeks $150M term loan add-on; Moody's projects 6.7x debt/EBITDA
The fungible add-on lifts the first-lien term loan B to $1.3 billion from $1.16 billion, and S&P and Moody's say the ratings are unaffected.
RBC Wealth Management hires UBS's $1B Nepa/Susco team in Pittsburgh
Raymond Nepa and Jennifer Susco lead the five-person group, which joins RBC's Pittsburgh North branch and reports to Great Lakes complex director Frank Albanese.
Kalshi Prime pitches RIAs perpetual futures with crypto-backed loans for eligible investors
Kalshi Prime chief executive Jeff Bandman says eligible investors can borrow against crypto through Kalshi Katalyst, an affiliate not regulated by the CFTC or NFA.
RBC Wealth Management hires UBS team in Pittsburgh that oversaw more than $1B
The Nepa/Susco group joins the Pittsburgh North branch as RBC aims to add 600 advisors by 2029.
Mariner Wealth Advisors seeks $150 million loan add-on; Moody's sees year-end debt/EBITDA at 6.7x
The fungible add-on lifts Mariner's first-lien term loan B to $1.3 billion from $1.16 billion; S&P and Moody's say ratings are unaffected.
Blackstone private wealth AUM hits record $330 billion as distributable earnings fall 9%
The individual-investor private equity fund BXPE accounted for a record $2.9 billion of the nearly $9 billion raised.
Elevation Point takes minority stake in Truing Capital Advisors, a $750M ex-UBS team
The Las Vegas team will custody assets with Goldman Sachs; no price or stake percentage was disclosed, according to our deal log.
Visionary Square will pay FINNY AI subscriptions for more than 250 advisors
The hybrid RIA will cover the $50-a-month platform fee for partner-firm advisors; FINNY also takes a small share of the assets won through the platform.
LPL replaces advisor recruiting chief as executive changes outpace liftouts
Ken Hullings, who joined the firm in 2005, takes over from Scott Posner; LPL logged 133 tracked events in the past 30 days.
EP Wealth's Brian Parker says organic growth, not dealmaking, sets wealth managers' value
At an RIA Edge panel, Snowden Lane's Alison Burkett said a firm cannot rely only on recruiting and acquisitions.
ACORE Capital launches advisor wealth platform and names Mick Manning president
The $17 billion commercial real estate manager will offer real estate credit and equity to high-net-worth clients through financial advisors.
Advisor moves outnumber announced wealth deals in 30 days; LPL is busiest
Daily Network tracking recorded 732 deal announcements and 642 completed deals in the same period.
WealthManagement.com column says Vanguard-Altruist deal raises the bar for human advice
The column argues clients arrive with AI-drafted analysis, shifting the meeting from advisor-produced research to judgment.
Kintra Wealth adds Scott Seymour's $355M Great Scott practice
The advisor-owned RIA formed in April by six former Commonwealth teams now reports more than $4 billion in client assets and 75 professionals.
Fee-only RIAs' lost share went to insurance-licensed rivals, Cerulli finds
Firms with a brokerage business held 51% of $5B-plus RIA assets in 2025, unchanged from 2020, while insurance-capable RIAs doubled to 14%.
Mariner and Wealthcare pitch advisors on giving up Form ADV to join 1099 platforms
Regan said a $250 million advisor facing an SEC cybersecurity review would be 'dead in the water for six weeks.'
Wells Fargo survey finds 61% of affluent adult children report inheritance conflict
Survey of more than 800 Boomer parents and nearly 800 adult children with at least $1 million in investable assets finds only 21% of parents report detailed estate conversations.
Focus Financial Partners hires Nevis to unify data across its 90 RIAs
The Oct. 15 deal hands integration work to a startup founded in 2024 whose CEO, Mark Swan, was an Amazon intern in 2020.
AmeriFlex recruits 17 advisors with $1.4B in Q3, targets $4.9B for year
The Las Vegas hybrid RIA ties its year-end expectation to advisors joining before Dec. 31 and promotes succession planning through Cambridge.
FTC flags fake Evite and Paperless Post phishing targeting wealthy clients' email
The FBI logged 191,561 phishing and spoofing complaints in 2025, the most of any crime type, and reported phishing losses tripled to $215.8 million.
Mariner and Wealthcare pitch giving up Form ADV to join 1099 platforms
At the panel, Regan said a $250 million advisor facing that SEC cybersecurity review would be 'dead in the water for six weeks.'
Focus Financial Partners adds Nevis AI platform; Modera launches Mira
Nevis handles account opening and client onboarding and follows Jump by nine months; Modera's Mira, built with OnTrade, has been available to advisors since July.
Focus Financial Partners adds Nevis as AI platform nine months after Jump
Nevis starts with account opening and client onboarding, the same workflow Jump is testing through a limited beta for AI account opening at Schwab and Fidelity.
Modera Wealth Management launches Mira AI platform built with OnTrade
The $20 billion Westwood, N.J., RIA says the system, live since July 2026, will help acquired advisors consolidate data on one platform.
LPL names Ken Hullings head of advisor recruiting
Hullings, who joined LPL in 2005, starts in November and replaces Scott Posner, who left earlier this year.
RIA deal volume falls 17% in Q3 as $5B-plus sellers set record
DeVoe & Company's Q3 2026 Deal Book says LPL Financial has bought more than 75 practices since 2021.
Captrust adds $300M Raleigh team, its ninth deal this year
Clark Abbott and Robert Hartinger bring more than 190 clients and three colleagues, and the release puts Captrust at 470 employees in Raleigh.
ICG next moves $2.3 billion from LPL to Osaic, citing platform and deal support
The Wall Township, N.J., firm launched with LPL in 2019 and has nearly tripled since, according to Osaic; it plans to grow through recruiting and acquisitions.
LPL Financial adds $5.4 billion in advisor teams and leads 30-day record by 47 events
UBS placed second with 83 events, and U.S. Bank and PNC Private Bank each lost a team of at least $2 billion to LPL.
WealthManagement.com column argues family capital, not estate paperwork, decides whether $120 trillion transfer survives
Cerulli Associates estimates more than $120 trillion will pass down over 20 years, and the column says trusts and tax strategies alone do not prepare heirs.
Modera Wealth Management launches Mira, a proprietary AI platform for advisors
The Westwood, N.J., fee-only firm, with about $20 billion in assets under administration at Sept. 30, said the platform has been available to advisors since July.
Cerulli: fee-only RIAs lose asset share despite client loyalty
Research commissioned by Credent found $5B-plus true fee-only firms held 34% of assets at year-end 2025, down from 42% in 2020.
Centerbridge and Mubadala in talks to buy Canaccord UK wealth unit
Bloomberg reports a potential price of about £1 billion; PWD's records list the discussions as a deal talk dated October 21, 2026.
Robertson Stephens surpasses $10 billion AUM with Milwaukee's Alpha Investment Consulting
The deal adds institutional consulting for foundations, endowments and nonprofits, and Milwaukee becomes the firm's first Wisconsin office.