A spike in the proportion of RIA-to-RIA deals in the first half of this year may signify that the advisory field is starting to come into its own.“I think what we are seeing is the next stage of maturity,” says Mark Tibergien, CEO of Pershing Advisor Solutions. “What advisors are realizing is that this business is one that lends itself to active ownership better than passive ownership.” While the total amount of M&A activity declined, the percent of deals that were between RIAs increased to 67% between January and June of this year from 37% for all of 2012, according to Pershing’s mid-year deals report, The Powerful Potential of the RIA-to-RIA Deal. This is the seventh year that Pershing, the advisory services business owned by Bank of New York Mellon Corp., has released the study.

via Financial Advisor Mergers and Acquisitions | Financial Planning.

John Rasweiler, a prominent Morgan Stanley adviser in New Jersey, has joined UBS Financial Services Inc.Mr. Rasweiler, a 45-year veteran of the industry, joined UBSs Florham Park, N.J., office last Friday, according to Financial Industry Regulatory Authority Inc. registration records.Mr. Rasweiler’s team handles $4.8 billion in assets and has trailing 12-month production of $10 million, said UBS spokesman Gregg Rosenberg.AdvertisementJoining Mr. Rasweiler were team members John Cusate, Jack Riley, Michael Jordao, Jesse Kent and William Burke.

via UBS gains adviser with $4.8B from Morgan Stanley.

Ameriprise Financial has hired three financial advisors from UBS, Raymond James Morgan Keegan, and HSBC with $282 million AUM.Michael Walsh brings $120 million in client assets from UBS, and will join the firm’s employee platform in the Florham Park, NJ office.Christine Franks previously oversaw $81 million in client assets at Raymond James Morgan Keegan, and will join the firm’s Clearwater, FL branch.

via Ameriprise Adds 3 Advisors With $220 Million | On Wall Street.