Citywire This Week in Wealth

Goldman giveth, Mercer ups minimums, will Blackstone buy an RIA?

Loading player...
Ian, Andrew and Alex are back for the first This Week in Wealth episode of 2026. And despite the year only being days old, there has been no shortage of big RIA news. The team discusses Andrew’s scoop on Goldman Sachs’ plans to refer clients of its Ayco executive financial counseling division out to independent wealth managers. Two of the country’s largest wealth managers have already signed up, but questions remain about how it will work. We also go deep on mega-RIA Mercer Advisors’ decision to raise fees by 50% for some of its smaller-dollar clients. Finally, it would not be an early 2026 podcast without some predictions. Happy new year!
9 Jan English United States Investing

Other recent episodes

Envestnet makes a $750m bet; is Claude a friend or threat?

Envestnet paid $750m to buy rival portfolio management software company Vestmark and is partially funding the deal by syndicating a new $625m term loan. These details and more came from investor materials viewed by Citywire. This Week in Wealth breaks down the numbers and looks at what the deal might…
13 Nov 25 min

RIAs can't stop suing each other

Another week, another temporary restraining order against an advisor leaving one RIA to join another. The type of recruitment suits that were once the preserve of wirehouses has become a frequent occurrence between independent firms, with the latest involving Wealth Enhancement and RFG Advisory. This Week in Wealth delves into…
6 Nov 24 min

Breakaway business is booming

In an episode recorded on the conference floor at Schwab Impact, Dynasty Financial Partners CEO Shirl Penney joins This Week in Wealth to discuss the state of the RIA custody market, where the next big breakaways are coming from, and what will separate winning and losing firms in an era…
30 Oct 31 min

Schwab takes its cut, Beacon Pointe powers up

Ahead of next week’s Impact conference, This Week in Wealth runs the rule over Charles Schwab, which has had a busy seven days. In that span, it has started charging ETFs distribution fees and reported 55% growth in its own wealth management business, while still cementing its position as the…
23 Oct 29 min

A rare look at Mercer's referrals, revenues and margins

Roughly 50% of Mercer Global Advisors’ net new client assets in the first two quarters of 2026 came from Charles Schwab’s and Fidelity’s custodial referral networks, according to investor materials viewed by Citywire. This Week in Wealth discusses how this statistic tallies with a previous claim by the firm’s CEO…
16 Oct 22 min
All episodes