Sanctuary Wealth has acquired Tru Independence, expanding its ability to help financial advisors open independent practices and giving it a stronger foothold in the industry. This move comes as more advisors are seeking to break away from traditional firms and operate independently to better serve their clients. The acquisition of Tru Independence will provide Sanctuary Wealth with additional resources and support to assist advisors in this transition.
PR Newswire. Sterling Financial Group, Inc. Joins Elite List of Investment Advisors. PASADENA, Calif. , May 1, 2024 /PRNewswire/ -- Pasadena-based Sterling Financial Group, Inc. has recently been recognized as one of the top investment advisors in the industry. This prestigious recognition highlights the firm's dedication to providing exceptional financial services to its clients.
While a growing number of options for financial planning are available, registered investment advisors, or RIAs, are legally bound to prioritize their clients' best interests. This fiduciary duty sets RIAs apart from other financial professionals and ensures that they act in the best interests of their clients at all times. Working with an RIA can provide clients with peace of mind knowing that their advisor is always looking out for their financial well-being.
Sanctuary Wealth announced Wednesday morning the acquisition of tru Independence, an enterprise advisory platform that supports 30 independent financial advisory firms. This acquisition will further strengthen Sanctuary Wealth's position in the market and enhance its ability to provide comprehensive support to advisors looking to go independent. By joining forces with tru Independence, Sanctuary Wealth is demonstrating its commitment to empowering advisors to build successful practices.
LOS ANGELES, CA, April 30, 2024 (GLOBE NEWSWIRE) -- Signature Estate & Investment Advisors (NYSE:SEIA), a leading independent registered investment advisor, has announced its expansion into the Midwest with the acquisition of a Cleveland-based firm. This strategic move will allow SEIA to broaden its reach and offer its services to a new client base. The acquisition demonstrates SEIA's commitment to growth and innovation in the industry.
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The independent RIA's deal for a Cleveland-based firm with $2B in assets would mark its maiden expansion into the American Midwest. This acquisition will allow the RIA to establish a presence in a new market and offer its services to a wider range of clients. The deal highlights the RIA's commitment to growth and its focus on providing top-notch financial services to clients.
The announced value of global private equity- and venture capital-backed M&A targeting asset managers declined 50% year over year to $8.33 billion in 2023. This decrease in M&A activity in the asset management sector reflects changing market conditions and investor preferences. Despite the decline in deal value, M&A remains a key strategy for firms looking to expand their capabilities and reach new markets.
Signature Estate & Investment Advisors, a Los Angeles-based registered investment advisor backed by private equity firm Reverence Capital, continues to grow its presence in the industry. The firm's focus on providing personalized financial services to high-net-worth clients has helped it build a strong reputation in the market. With the support of Reverence Capital, SEIA is well-positioned for further growth and success in the future.
