Regan said a $250 million advisor facing an SEC cybersecurity review would be 'dead in the water for six weeks.'
Mariner and Wealthcare pitched advisors on giving up their Form ADV registration to join their 1099 platforms, according to PWD's overnight coverage.
A $250 million advisor facing an SEC cybersecurity review would be 'dead in the water for six weeks,' Regan said at a panel.
Reported by the Features desk from PWD overnight coverage. Published . Corrections
At the panel, Regan said a $250 million advisor facing that SEC cybersecurity review would be 'dead in the water for six weeks.'
The breakaway has become a rounding error; the month's deals show the talent war is being fought over custody networks and whole enterprises.
The count fell 9% while dollar volume nearly doubled, and private equity funded 89% of the deals.
The three teams came from Ameriprise, Citi Private Alternatives and Comerica Bank.
Google also expanded a PJM demand-response program with Voltus to 1,170 MW and will take over a Colorado Springs dark fiber lease through mid-2027.
The private wealth industry in four minutes, every morning at 6:30 a.m. ET. Free.
Free. Every morning. Unsubscribe from any edition in one click.