Ali Hibbs

4 days ago | advisorhub.com | Ali Hibbs

A 12-person UBS Wealth Management USA team overseeing around $2 billion in client assets across offices in Florida, Ohio and South Carolina has left to join independent broker-dealer and advisory firm Sanctuary Wealth. The practice, called 1280 Financial Partners, is led by Thomas L. Burt, Duane C. Ohly, Charles I. Todd and John T. McGee, according to an announcement. They joined Sanctuary as independent contractors and sold a minority stake in their practice to the firm.

Feb 11, 2025 | wealthmanagement.com | Ali Hibbs

The bank has repositioned itself to serve ultra-wealthy international clients after closing more than 200 branch locations in the U.S.

Oct 30, 2024 | thedailyupside.com | Ali Hibbs

A little planning goes a long way. Financial advisors that specialize in comprehensive wealth management have larger average client sizes and assets under management than those providing financial planning on a case-by-case basis, according to a new Cerulli report. That emphasis on financial plans may even help firms manage four times more assets than their peers, according to the research. While that sounds too good to be true, just 22% of the industry charged for financial planning this year.

Oct 23, 2024 | thedailyupside.com | Ali Hibbs

Brokers beget brokers. The largest broker dealers are getting larger and that’s leaving a lot less room for the little guys, according to new Cerulli data. The 10 largest broker dealers control 58% of all brokerage assets, and more than 90% is now managed by the top 25 firms. That level of consolidation is having significant impacts on the industry, and it’s not expected to slow down any time soon, according to Cerulli’s director of wealth management, Mike Rose.

Oct 16, 2024 | thedailyupside.com | Ali Hibbs

The wealthtech funding bonanza is alive and well. The latest beneficiary? The digital advisor Farther, which just last week raised $72 million in a Series C funding round. Led by Alphabet’s independent growth fund CapitalG and Viewpoint Ventures, the latest round increases the New York City-based RIA’s valuation to $542 million — that’s up from $131 million just a year ago.