Investmentnews Email Newsletter: Ex-Sanctuary CEO Jim Dickson launches new firm for growth-focused RIAs (June 29, 2024)

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The pulse of the financial advisory industry

Ex-Sanctuary CEO Jim Dickson launches new firm for growth-focused RIAs

The venture co-founded with Mark Penske, which will take strategic stakes in independent partner firms, is starting strong with a deal to snap up a $3.4B OCIO.

Firms must take reasonable steps to avoid financial advisors' selling away, one compliance expert noted.

Asking clients why they're satisfied helps advisors plant stories that lead to referrals, a report from Capital Group found.

Follow the rules, ask questions when using gen AI, Finra tells firms

Amid growing use of generative AI and large language models, the regulator is issuing a crucial reminder for its members.

The proposed legislation governing funds for fiscal year 2025 would hamper the agency's ability to administer, implement, or enforce the rule.

The AI superstock's blistering rally has inflated his private foundation's assets, making it harder to clear a key legal threshold.

Report shows $4.3T ETF haul in retail financial advisor channels, with even larger allocations by 2025 as model portfolios unlock opportunities.

C-SUITE VIEWS

Expect M&A, hybrid RIA growth to continue through second half

Jim Gold, CEO of Steward Partners on why he expects continued growth in the RIA space, especially hybrid RIAs, as well as more private equity -backed M&A.

Greg Webster breaks down how advisors can break through to more high-net-worth clients with deep product knowledge and better technology use.

John Buran, CEO of Flushing Financial Corporation, digs into how higher-for-longer interest rates and commercial real estate worries are impacting regional banks.

Ex-Sanctuary CEO Jim Dickson launches new firm for growth-focused RIAs

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