Elsewhere, a multigenerational team overseeing $650 million strengthens Apollon's Midwest presence, and Merit plants another stake in the Pacific Northwest.
UBS is also expanding its Manhattan complex with a trio of defectors from Morgan Stanley, and Wells Fargo's billion dollar-team binge continues with an ultra-high-net-worth practice in Texas.
Wealth firms who fail to account for generational differences among women, as well as the behavioral tendencies that define them, are making a strategic mistake.
Dual initiatives target regulatory gaps while strengthening investor and franchisee protections.
Martine Lellis tells InvestmentNews that the deal reflects the competitive deal market and the $98B RIA’s advisor continuity strategy.
Families spend months structuring estates but avoid the conversations that determine whether those plans actually hold.
Equity compensation drives retention while introducing millions to investing for the first time.
The penalty, a steep discount from what the SEC originally demanded, resolves claims that Musk's late filing let him purchase shares at artificially low prices before his $44 billion takeover.
“If the court accepted UBS’s argument, it would open the courthouse doors to every losing party following an arbitration award of punitive damages,” a federal judge wrote.
He told TIAA he wasn't soliciting clients. Then three of them called the firm.
PE-linked deals accounted for nearly three-quarters of all activity, while US firms accelerated their international push into European and Australian markets.
BlackRock study shows shift from growth to preservation as gaps persist across plans
UBS report finds $83T shift driven by early engagement, governance gaps, and evolving priorities.
But competing wealth management firms have been doing their best to recruit away Commonwealth advisors.
Meanwhile, a $350 million UBS group launches their own firm with Sanctuary, while advisor-owned hybrid Ameriflex targets succession continuity with a national single-source platform.
A 17-person ensemble led by top-ranking next-gen advisors, the Taylor Group's addition gives Wells Fargo Advisors one of its largest New York City recruits in recent memory.
The AI-driven next step in how advisors manage investments may be coming “faster than any of us think,” says Osaic’s Shannon Reid.
A federal court ruling has opened a narrow window for taxpayers to reclaim penalties and interest assessed by the IRS during the pandemic.
JPMorgan, KKR, Ares and Cliffwater also announce senior appointments across wealth and alternatives business lines.
Beyond their "breaking free" moment, advisors leaping into independence need to build – or tap – a sound operating system to support truly lasting growth.
