Farther’s Post

Following Farther’s inclusion in Inc. Magazine's 2024 Best Workplaces list – setting the firm apart as one of only 50 financial services companies selected out of more than 500 honorees – InvestmentNews' Steve Randall reported on our company's 32 new hires: further demonstrating our commitment to being a wealth management firm made by advisors, for advisors. Read the full article here: https://bit.ly/3Wpy7F4. #gofarther #wealthmangement #wealthtech #financialadvisor #teamfarther

New Post: Kestra Private Wealth Services Snags Edward Jones Advisor - After more than 15 years with Edward Jones, advisor Will Gungoll has joined Kestra Private Wealth Services and launched his own practice, Buffalo Capital Management, a nod to his Native American heritage, in Enid, Okla.  Joined by Administrative Relationship Manager Deena Timm, Gungoll offers holistic financial planning and portfolio management for families, individuals and small business owners. Related: Atria Completes Acquisition of Kestra’s Grove Point FinancialGungoll said in a statement the move to independence will allow the team to “gain a deeper understanding of the clients we serve while providing a more sophisticated experience without the distractions of corporate interests.” Kestra launched its Private Wealth Services division in 2010 to help wirehouse and W-2 advisors go independent, providing office logistics assistance, consultative compliance support, a comprehensive platform, a transition plan and daily management support. The firm has since helped to launch more than 35 practices in 17 states, with Buffalo Capital representing its first office in Oklahoma. Related: Bluespring Adds $500M Firm from Sister Platform KestraIn 2023, Kestra PWS picked up several former Goldman Sachs advisors from a unit that was sold to Creative Planning, and helped to launch at least seven independent practices, including Destination Wealth Advisors, Inspired Wealth Planning, Thriving Asset Management and Affidaré Private Wealth Management. Kestra Financial was overseeing more than $100 billion in client assets across all four entities at the end of 2022, about half of which was under management. The firm is owned by Kestra Holdings, which is majority owned by Warburg Pincus and includes acquisition-focused RIA Bluespring Wealth Partners and Arden Trust Company.   In 2023, Kestra sold off subsidiary Grove Point Financial—along with about $15 billion in assets—to Atria Wealth Solutions. #Kestra #Private #Wealth #Services #Snags #Edward #Jones #Advisorhttps://lnkd.in/dctMA4F8

Very thoughtful coverage from Wealth Solutions Report on Sanctuary Wealth's acquisition of tru Independence, announced earlier this week! Both Adam Malamed and Craig P. Stuvland nicely articulate why and how this combination of firms will fundamentally transform the RIA channel and broader industry. And as always, Jeff Nash of Bridgemark Strategies provides powerful insights from a financial advisor recruiting and transitions perspective, excerpted as follows from the story: "One of the biggest dilemmas that wirehouse breakaways and more sophisticated independent financial advisor businesses face is whether they should go IAR-only with an RIA that gets their business or set up their own RIA registration.” “With this acquisition, Sanctuary has made this dilemma a non-issue. This could be a real game changer for the broader industry, making Sanctuary an even more vigorous competitor to major RIA service providers.” Check out the full story here!

Working with a financial professional on their succession plan involves more than transferring responsibilities to their successor. It's a multi-layered process with communication and empathy at its core. As Michele Bergeron, AIF® and Mary Ford wrote in Wealth Solutions Report, “It's about being an extension of the advisor’s family, offering a support system that acknowledges their emotional and professional needs.” This message underpins the essence of Axtella’s approach, emphasizing empathy and understanding at every step. Read the full article: https://lnkd.in/gPDMseVT  #SuccessionPlanning #FinancialAdvisor #BrokerDealer

The RIA M&A space continues to buzz with significant activity across the board. Joe Duran’s Rise Growth Partners hired Jennifer Geoghegan as Chief Marketing Officer and Tony Ling as Managing Partner – Investments. Rush Benton, the former Head of Wealth Management M&A at CAPTRUST, launched the boutique RIA investment bank Gorman Jones. It is likely that the growing supply of RIA M&A shops, led by longtime industry leaders who could work elsewhere if they wanted, reflects well-founded optimism about the ongoing demand for such services. In other words, the dealmaking pipeline appears to be quite strong for the foreseeable future, as shown by industry data from established RIA M&A shops such as DeVoe & Company, ECHELON Partners and Berkshire Global Advisors. Competition breeds innovation. It also motivates M&A experts to maintain excellence of execution, and continue providing insightful guidance on how to generate optimal results from deal processes. That’s a net positive for RIA leaders, and their advisors. #mergers #acquisitions #wealthmanagement

WealthManagement.com's Davis Janowski spotlighted Farther’s most recent announcement of 32 new strategic hires – including top-tier advisors from Goldman Sachs and Universal Value Advisors. These teams collectively bring decades of experience in the wealth management space to our firm. Read the full article here: https://bit.ly/3LkNE2w. #gofarther #wealthmanagement #wealthtech #financialadvisor #teamfarther

With more private equity firms and other investors racing into wealth management to fuel the continuing M&A deal flow, many financial advisors face the choice of whether to sell their firm. Here’s a mini guide to the growing number of alternatives to selling advisory practices that are available to founders and other owners, with insights from Matt Regan of Wealthcare, Shauna Mace, CHPC™️ of SEI and Andrew Marsh of Dynasty Financial Partners. #wealthmanagement #rias #mergersandacquisitions

We're thrilled to announce that our CEO, Trevor Wilde, AIF®, MBA, has been recognized as one of the top financial advisors in the nation by Barron's Advisor! Named among the top 1,200 advisors nationwide and ranked #2 in Arizona, Trevor's dedication to excellence shines through his 16th consecutive year of this prestigious honor. Join us in congratulating Trevor for this well-deserved achievement! Keep an eye out for Trevor and fellow advisors in the upcoming edition of the Wall Street Journal, where they'll be featured for their outstanding contributions to the industry. #BarronsRanked #BarronsTopAdvisors  #WildeWealthManagement Listing in this publication is not a guarantee of future performance or success. Over 4,000 advisors who wish to be ranked fill out a 102 question survey about their practice, data is verified and then applied to a ranking formula. The ranking reflects the volume of assets overseen by the advisors and their teams, revenues generated for the firms, and the quality of the advisor’s practices. The scoring system assigns a top score of 100 and rates the rest by comparing them with the top-ranked advisor. Listing in this publication and/or award is not a guarantee of future investment success. This recognition should not be construed as an endorsement of the advisor by any client. No compensation was provided directly or indirectly by the recipient for participation or in connection with obtaining or using the third-party rating or award.

Considering a move? Come check out our amazing space in Mission Viejo. Take a look as top teams continue to make the move to Stifel! Advisor support, industry-leading technology, nationally recognized research, and the list goes on. What more could you want in a firm? #choosestifel #wealthadvisor #financialadvisor

Check out this article for some great insights on the multitude of alternatives for your next move. Think about what the true definition of "independence" is for you and your business.