Latest news with #Scottsdale
Yahoo
a day ago
- Business
- Yahoo
Reliance: Q2 Earnings Snapshot
SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Reliance, Inc. (RS) on Wednesday reported second-quarter profit of $233.7 million. On a per-share basis, the Scottsdale, Arizona-based company said it had net income of $4.42. Earnings, adjusted for one-time gains and costs, came to $4.43 per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.72 per share. The metals service-center company posted revenue of $3.66 billion in the period. For the current quarter ending in September, Reliance expects its per-share earnings to range from $3.60 to $3.80. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on RS at
Yahoo
2 days ago
- Business
- Yahoo
Osaic Makes Strategic Majority Investment in Succession-Focused $700m Innovative Wealth Team
Expanded partnership marks major step in Osaic's plan to offer succession planning solutions to advisors approaching retirement SCOTTSDALE, Ariz., July 23, 2025--(BUSINESS WIRE)--Osaic, Inc. ("Osaic"), one of the nation's largest providers of wealth management solutions, announced today that it has acquired a majority interest in Innovative Wealth Team ("Innovative Wealth"). The partnership marks a significant step in Osaic's continued efforts to provide capital and infrastructure for advisors seeking succession and continuity solutions. Through the partnership, Osaic adds another key offering for independent advisors: a turnkey succession and continuity partner. This enables advisors to realize the full value of their business while ensuring that the team taking over has the expertise and experience to serve their clients and uphold their legacy. Accounts and custodians will remain unchanged, ensuring a seamless client experience. "This partnership exemplifies our commitment to investing in the future of wealth management by offering flexible, scalable solutions for advisors at every stage of their journey, while ensuring their clients are cared for across generations," said Jamie Price, President and CEO of Osaic. "The Innovative Wealth Team enhances our supported independence model, helping advisors operate more efficiently, access capital, and eventually transition their practices smoothly." Initially founded by Brian Heapps, Innovative Wealth provides advisors nearing retirement with a seamless succession planning process and ensures clients receive personalized, high-quality advice on their terms. This is the latest milestone in Osaic's broader strategy to develop its supported independence model, launched under Osaic Advisors in 2023. With more than $124 trillion1 in cumulative assets expected to transfer generationally by 2048, and more than one-third of financial advisors nearing retirement, Osaic is addressing a pressing need for continuity, succession and advisor support. The initiative is part of Osaic's broader capital strategy, designed to meet the evolving needs of advisors and their clients. As more advisors approach retirement and the industry prepares for an unprecedented transfer of wealth, Osaic is positioning itself as a long-term partner for advisor success. The announcement follows Osaic's acquisition of Boston-based CW Advisors, a $13.5 billion RIA, expanding access to long-term capital and comprehensive wealth solutions while strengthening Osaic Advisors' supported independence model. Earlier this year, Osaic added Payant Wealth Management Group to this model and remains open to conversations with other advisors interested in capital support for growth, succession planning or transitioning into an supported independence environment. Learn more at About Osaic: Osaic, Inc. ("Osaic"), a portfolio company of Reverence Capital Partners, is one of the nation's largest providers of wealth management solutions, supporting approximately 11,000 financial professionals. Osaic's mission is to empower entrepreneurial advisors to build thriving businesses and fulfill their clients' dreams. Visit to learn more. Securities and investment advisory services are offered through the firms: Osaic Wealth, Inc. and Osaic Institutions, Inc., broker-dealers, registered investment advisers, and members of FINRA and SIPC. Securities are offered through Osaic Services, Inc. and Ladenburg Thalmann & Co., broker-dealers and members of FINRA and SIPC. Advisory services are offered through Ladenburg Thalmann Asset Management, Inc., and Osaic Advisory Services, LLC., registered investment advisers. Advisory programs offered by Osaic Wealth, Inc. are sponsored by VISION2020 Wealth Management Corp., an affiliated registered investment adviser. 1 Cerulli Associates, 2024 View source version on Contacts MEDIA CONTACT: Osaic@ Tommy Warburton347-400-3483Tommy@ Rob Farmer415-377-3293Rob@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
4 days ago
- Sport
- Reuters
Diamondbacks reinstate 2B Ketel Marte from restricted list
July 20 - The Arizona Diamondbacks activated All-Star second baseman Ketel Marte from the restricted list prior to Sunday's home game against the St. Louis Cardinals. The Arizona star was not in Sunday's starting lineup against St. Louis. Marte was away from the Diamondbacks the previous two days. He requested time off after his home in Scottsdale, Ariz., was burglarized this week while he was in Atlanta for the All-Star Game. According to reports, numerous personal items and jewelry were among items stolen from Marte's residence. Marte, 31, is batting .290 with 19 homers and 40 RBIs in 68 games this season. The three-time All-Star placed third in NL MVP voting last season and fourth in 2019. Arizona designated infielder Sergio Alcantara for assignment on Sunday. Alcantara was added to the roster on Friday when Marte went on the restricted list. He didn't see any action for Arizona. Alcantara, 29, batted .206 with 14 RBIs in 68 games for Triple-A Sacramento and went hitless in four at-bats with San Francisco this season before the Giants outrighted him to Sacramento on July 8. He elected free agency two days later. He has a .207 average with 12 homers and 47 RBIs in 193 games with five major league teams. --Field Level Media
Washington Post
6 days ago
- Washington Post
Diamondbacks All-Star second baseman Ketel Marte placed on restricted list following burglary
PHOENIX — Arizona Diamondbacks All-Star second baseman Ketel Marte was placed on the restricted list Friday after his home was burglarized during the All-Star break. Marte was not in the lineup Friday night gainst St. Louis as he deals with what Scottsdale police called a 'high-dollar residential burglary' while he and his family were in Atlanta for the All-Star game.
Yahoo
6 days ago
- Sport
- Yahoo
Diamondbacks All-Star second baseman Ketel Marte placed on restricted list following burglary
PHOENIX (AP) — Arizona Diamondbacks All-Star second baseman Ketel Marte was placed on the restricted list Friday after his home was burglarized during the All-Star break. Marte was not in the lineup Friday night gainst St. Louis as he deals with what Scottsdale police called a 'high-dollar residential burglary' while he and his family were in Atlanta for the All-Star game. 'He's dealing with a personal issue, so he asked for some time off, time away, just to get grounded and get himself back to where he can come back here and play and be a force for us," Diamondbacks manager Torey Lovullo said. 'So it's kind of a day-to-day situation.' The Diamondbacks made a flurry of moves before their first game back from the All-Star break, bringing up catcher Adrian Del Castillo and right-hander Trevor Richards from Triple-A Reno. Arizona also optioned infielder Tristan English to Reno and signed infielder Sergio Alcántara as a major league free agent. Catcher Gabriel Moreno was transferred to the 60-day injured list with a broken finger suffered when he was hit by a pitch last month. ___ AP MLB: The Associated Press
