Sam Bojarski

New York, Pittsburgh

Musician, runner, outdoors-lover. Reporter for @citywire. Past: @report4america, @triblive +more. Displaced #Pittsburgh yinzer. Views are my own.

Articles

Mariner buys $1.4bn RIA which advises NHL players

3 days ago | citywire.com | Sam Bojarski

Mega-RIA Mariner Wealth Advisors has struck a deal to buy an RIA that manages investments for professional athletes. Headquartered in New York City, Taurus Asset Management reported just over $1.4bn in discretionary assets as of December of 2024 in its latest filings with the Securities and Exchange Commission (SEC). Established in 2004 by managing principal Brad Peck, the RIA has carved out a niche serving current and retired professional athletes.
Elevation Point adds Eric Clarke and former UnitedHealth exec to board

4 days ago | citywire.com | Sam Bojarski

Orion founder Eric Clarke has a new board position after leaving the board of the RIA technology giant he founded. Along with Mike Mikan, Clarke has joined the board of directors at RIA investor and platform business Elevation Point, the company said on Monday morning. Elevation Point cited the deep technology expertise of Clarke (pictured), who founded the portfolio management and reporting business Orion Advisor Solutions in 1999.
PE-backed Arax acquires $4bn Michigan RIA

5 days ago | citywire.com | Sam Bojarski

Arax Investment Partners has purchased a large independent RIA in the Detroit area. Through its acquisition of Birmingham, Mich.-based Schechter Investment Advisors (SIA), Arax said it has added $4bn in assets under management to its RIA business. SIA had been majority-owned by its namesake, chief executive Marc Schechter, who told Citywire that he and other owners rolled ‘significant equity’ into Arax through the deal. Schechter said the deal closed this past Friday. Already have an account?
Podcast: Orion plays board games, SEC goes for Jenga, Atria says Sorry!

1 week ago | citywire.com | Alex Steger |Ian Wenik |Sam Bojarski |Alec Rich

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RIA advisors and assets hit record highs: IAA report

1 week ago | citywire.com | Sam Bojarski

The RIA industry reached record highs in number of advisors, clients, employees and assets under management in 2024, according to the latest version of an annual report produced by the trade group Investment Adviser Association (IAA) and compliance software firm COMPLY. The report tallied 15,870 RIA firms, nearly two-thirds of which provide asset management services for individuals.
Top Wilshire gatekeeper looks to RIAs for alts expansion

1 week ago | citywire.com | Sam Bojarski |Tania Mitra |Andrew Foerch |Ian Wenik

Wilshire’s head of alternatives manager research, Mark Perry, is looking to RIA partnerships as private assets veer towards individual investors. In its 28-year history, Wilshire’s alts platform has mostly serviced ‘large, sophisticated’ institutional clients. And while that is still the bulk of the business, Perry told Citywire that the growth of private assets for retail clients cannot be ignored.
SEC dings Florida advisor for 'Ponzi-like' scheme targeting Venezuelan clergy

1 week ago | citywire.com | Sam Bojarski

The Securities and Exchange Commission (SEC) has filed a lawsuit claiming a Florida resident ran a ‘Ponzi-like’ scheme that misappropriated more than $17.3m from Catholic clergy and dioceses in Venezuela. The man, whom a Wednesday legal complaint identified as Andrew Jacobus of Fort Lauderdale, raised about $39.7m in total from clients.
$3.7bn Prosperity Capital adds co-CEO from CBIZ, preps rollout of W-2 model

1 week ago | citywire.com | Sam Bojarski

A Cleveland-area RIA platform plans to roll out a W-2 employee affiliation model for advisors under the leadership of a former CBIZ advisory services executive. Westlake, Ohio-based Prosperity Capital Advisors revealed two executive additions last week, bringing on Stan Milovancev as co-chief executive and Scott Rister as co-president and chief financial officer.
‘Toe-to-toe with any other firm’: LPL CEO is adding alts to take on wirehouses

1 week ago | citywire.com | Ian Wenik |Eva Thomas |Andrew Foerch |Sam Bojarski

The chief executive of independent brokerage giant LPL Financial has ambitious plans for the firm’s alternative investing capabilities this year.
Former City National Rochdale CEO launches New Jersey RIA

1 week ago | citywire.com | Sam Bojarski

The former chief executive of City National Bank’s New York RIA subsidiary has launched his own firm. Garrett D’Alessandro, who formerly led City National Rochdale, now helms an RIA called Sandro Wealth, which is registered with the Securities and Exchange Commission (SEC) after completing a 120-day probationary period earlier this month. The RIA reported nearly $102m in client assets and a headquarters in Fairfield, N.J., filings with the SEC also show.