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Weekly Digest: September 30th
Creative RIA Deals in 2024
The RIA M&A market is anticipated to see more creative deal structures as firms seek talent and resources amidst ongoing market uncertainties. Advisors are increasingly exploring minority investments, allowing them to monetize without losing control
Altruist’s New Fixed Income Trading Center
Altruist has launched a digital fixed income trading platform for RIAs, aiming to enhance operational efficiency and meet the evolving needs of independent advisorsWealth Management
Schwab’s Robo-Advisor Shutdown
Charles Schwab has decided to close its Institutional Intelligent Portfolios robo-advisor due to lack of client interest. This transition emphasizes the challenges faced by robo-advisory platforms and suggests a potential shift back towards more personalized advisory services. Advisors are encouraged to migrate clients to Schwab’s iRebal platform, which offers greater flexibility
