The 64 transactions from July to September make 2021 a record year for deals, and more than half involved sales of firms with $1 billion or more in assets.
The wirehouse made yet another acquisition in the wealth management space last month, this time a retirement plan company with $43 billion in assets.
The new offering, called Pershing X, is headed by Ainslie Simmonds and will enable RIAs to outsource almost all of their practice management needs, like client relationship and investment management tools.
A significant impediment is that experienced retirement plan advisers do not want to work with smaller or start-up plans, because they can't afford the minimum fees these RPAs need to charge.
ESG factors can be financially material, the DOL noted. And when they are not, they can be used in a tie-breaker between similar investments.
DeBoer Financial Group is based in Roseville, California, just a few miles from Allworth.
The broker-dealer cut ties with Eileen Cure in the wake of allegations of racism on social media. She is now part of a small RIA, Wealth Management of Kentucky.
Carson Group Excell conference whets the appetite of advisers looking for fee-based insurance products.
After recruiting seven teams of advisers in the first half of the year, the bank added just one team over the summer, executives of the firm said on an earnings call.
The proposal seeks to clarify that ESG factors can be financially material. It also specifies that such investments can be used as part of the default investment options in 401(k)s.
Yield generation is the top challenge, a Fidelity survey shows; 40% of those surveyed say they have to take on more risk to achieve the same returns.
Guy Rodgers Private Wealth Strategies is based in Mansfield, Texas.
Fees from advising on deals almost tripled in the third quarter, crushing analysts’ estimates and helping to push the bank’s net income to $11.7 billion.
The cost-of-living adjustment will result in the largest increase in retirement benefits and taxable wages in 40 years.
The addition of Covenant Multifamily Offices expands Captrust's Texas footprint and adds $2.6 billion under management.
The financial services firms that people identified as their main source of retirement advice tended to be those with the biggest 'share of wallet,' consumer research firm Hearts & Wallets found.
Securities and Exchange Commission Chairman Gary Gensler said his agency will determine when digital engagement practices used by online platforms cross the line into investment advice.
The No. 1 reason given for the increase in advisory firm M&A is the desire to create a succession plan. Advisers nearing retirement should consider their alternatives.
The platform, which provides structured notes, annuities and other investments, plans to use the funds to expand its product offerings.
Investors could benefit from investing in a lower-duration, diversified fixed-income solution that invests in high income-producing sectors, such as high-quality high yield or emerging market debt.
