Podcast
This Week in Wealth
Hosted by Citywire · EN
'This Week in Wealth' is Citywire's weekly podcast that breaks down the biggest stories in the US wealth management industry and what they mean for advisors. Citywire USA editor-in-chief Alex Steger and Citywire RIA editor Ian Wenik are joined by a rotating cast of Citywire journalists and notable industry names.
30episodes
Episodes
Newest firstAll episodes
Commonwealth beats the SEC, no degree for the CFP?
Mar 2700:23:04Tap to summarizeCommonwealth reduced a $93m SEC penalty to just $5m. All it took was a seven-year legal battle and a new regime at the regulator. Plus, the CFP Board considers waiving its bachelor's degree requirement.
Transcribe →Edelman offers planners stock; RIAs hit by cyber shock
Mar 2000:18:44Tap to summarizeIan and Alex discuss Edelman Financial Engines’ decision to award $175m in equity grants to its financial planners, the spate of lawsuits facing RIAs over client data breaches, and AlTi Global’s failure to meet its full-year earnings filing deadline.
Transcribe →The Americans are coming ... for British wealth managers
Mar 1300:33:40Tap to summarizeIan and Alex are joined by Citywire founder and chairman Lawrence Lever to discuss why US consolidators are looking across the pond to buy British wealth managers. These firms are cheap, compared to their US peers, so what's the catch? They also cover Anthropic's endorsement of human financial advice and the key takeaways from Citywire's recent CEO Summit.
Transcribe →2 mega-RIAs, 2 very different deals
Mar 600:24:30Tap to summarizeIan, Alec, and Alex discuss two divergent deals from two of the largest RIAs in the market. Wealth Enhancement enters the support services game with its deal for FocusPoint Solutions, while Hightower edges away from that model, growing its Signature Wealth business by merging in $5bn Journey Strategic Wealth. Plus, Ric Edelman on how and why we might see a $1tn RIA. If you want to keep track of all the M&A in the RIA market, take a look at our Deals Database.
Transcribe →Goldman goes long (and short) to win Fidelity biz, plus LPL and AlTi updates
Feb 2700:30:08Tap to summarizeIan and Alex discuss the sale, or not, of listed wealth manager AlTi Global (formerly known as Tiedemann), plus Goldman Sachs’ plans to offer long-short SMAs to its RIA custody clients—a move that just happens to coincide with Fidelity putting an indefinite pause on such business. And Alec dials in to give an update on LPL’s partnership with Anthropic and whether this changes the conversation about AI’s impact on wealth management.
Transcribe →LPL brings the pain, Cerity Partners makes it rain
Feb 2000:29:54Tap to summarizeIan, Andrew and Alex discuss LPL Financial’s move to lay off 3% of its workforce, a story that broke in the same week that the firm’s stock sold off dramatically amid AI anxiety. They also dig into Cerity Partners’ $1bn deal with private equity firm Warburg Pincus, which values the mega-RIA at $8.5bn.
Transcribe →Wealth management’s DeepSeek moment?
Feb 1300:33:49Tap to summarizeWealth stocks sold off sharply this week, triggered by a new AI-powered tax planning tool from custodian Altruist. But what does the tool do? And what does the selloff portend – the end of wealth management as we know it, or that listed legacy players will be disintermediated by new tech? This Week in Wealth separates the signal from the noise.
Transcribe →Ritholtz sells shares to team, LPL’s retention dream, an RIA and an NHL team
Feb 600:28:24Tap to summarizeIan, Alec and Alex discuss Barry Ritholtz, co-founder of $7.6bn Ritholtz Wealth Management, selling a portion of his stake in the New York City-based RIA to its employees as part of a planned internal succession. They also check in on LPL’s efforts to retain Commonwealth advisors following last year’s $2.7bn deal. And have the lowdown on $2.1bn RIA First Long Island Investors pursuing a sale, including the firm's financials and its founder’s past as an owner of the New York Islanders.
Transcribe →Sale fail won't derail Edelman's financial engine
Jan 3000:22:36Tap to summarizeIan, Alec and Alex discuss the outlook for mega-RIA Edelman Financial Engines under new CEO Ralph Haberli and the repercussions of last year’s failed sale. They also analyze a change at the top of Pershing and what this might mean for the platform in an increasingly competitive custodian market.
Transcribe →Halftime report
Jul 3, 2025Tap to summarizeAlex and Ian look back at the most popular RIA news stories of H1 (there's a quiz and quiz music), check in on their own forecasts for 2025 (not a total bust), and discuss some of the more unexpected events of the year so far. Happy 4th of July listeners!
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