Ally Invest marketed its robo-advisor accounts as a no-fee offering, but relied on a 30% cash allocation on client portfolios to generate revenue for its bank and broker-dealer affiliates for nearly six years, according to the SEC.

Edward Jones reduced home-office staff by 4.5% in 2025 while using India-based contractors for digital and operations support, part of the industry's broader offshoring trend as LPL Financial opened its tech support center in India earlier this year.

Backed by private equity firm Cynosure Group, Threadline Wealth's client base targets high-net-worth technology executives and their families across Silicon Valley and other West Coast cities.

Era, founded by former Stripe employees, replaces traditional client-advisor interaction with automated portfolios and AI agents targeting investors priced out of human advice.

The $52 billion hybrid RIA, which has 41% of advisor teams led by women, says stronger university pathways are critical to boosting female advisor headcount across the industry.

Even as Summit Financial takes a minority stake in $1.2 billion Signet, CEO Stan Gregor says market volatility tied to conflict in Iran is delaying other transactions.

With a $2,000 minimum and fractional shares, the custodian is bringing direct indexing to advisors serving client accounts below the traditional six-figure entry point.

TRO bars Joan Greenspon and Amanda Salyer from reaching out to hundreds of former Edelman clients representing more than $300 million in assets, who left the mega-RIA following the advisors' departures in February.

The $326 billion mega-RIA is committing $175 million in equity to advisors as firms across the industry increasingly use ownership stakes to recruit and retain talent.

Direct indexing adoption accelerates as advisors target tax efficiency, personalization, and high-net-worth customization, while ETFs remain broader portfolio building blocks.