RIA Roundup: Venerable Holdings to Create RIA

Two new players enter the RIA space; Baird adds a bank team with half a billion in assets; and Creative Planning and Focus Financial both make big announcements.

It was a slow week for mergers and acquisitions in the RIA space, but two new firms are being created and Baird has added a trio from Zions Bank with half a billion dollars under management.

In earlier news, Creative Planning agreed to buy Goldman Sachs Personal Finance Management Unit and Focus Financial finalized its sale to Clayton, Dubilier & Rice.

Source: WealthManagement.com