A registered investment advisor professionally manages investment portfolios and advises on investment strategies. Learn more about RIAs and how they can help individuals and businesses achieve their financial goals. The transition from the broker-dealer world to registered investment advisor (RIA) can open up a can of new marketing opportunities.
Wealth Enhancement Group, an acquisitive Minneapolis-based registered investment advisor, has purchased Levy Wealth Management Group, LLC, expanding its reach and client base. This acquisition highlights the growth potential and consolidation trends within the RIA industry. The registered investment advisor has selected an investment consultant as a strategic investment research advisor to strengthen its market expertise and enhance client services.
The Financial Crimes Enforcement Network (FinCEN) issued a final rule that will impose new anti-money laundering and countering terrorism regulations on registered investment advisors. Compliance with these regulations is crucial for RIAs to maintain transparency and integrity in their financial operations. LPL Financial is buying The Investment Center, an independent broker-dealer and registered investment advisor firm that has 240 advisors and a significant asset base.