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InvestmentNews
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Ellevest raises $53 million in Series B funding
FINTECH APR 07, 2022
Ellevest raises $53 million in Series B funding

The company will use the capital to deepen its offerings and product solutions, and help women reach their money goals.

UBS team managing $360 million moves to LPL
RIA NEWS APR 06, 2022
UBS team managing $360 million moves to LPL

Gary Edmonds, Andy Chang are joining the firm's Linsco employee-broker unit in Washington, DC.

Hub acquires $1.3 billion plan consultant
RETIREMENT PLANNING APR 06, 2022
Hub acquires $1.3 billion plan consultant

Stace Hilbrant, managing director of Wilmette, Illinois-based 401(k) Advisors, will join Hub.

Creative Planning acquires $440 million Arizona firm
RIA NEWS APR 06, 2022
Creative Planning acquires $440 million Arizona firm

Hatton Consulting is a Phoenix-based wealth management firm that was founded in 1999.

Wells Fargo agrees to pay $32.5 million to settle 401(k) lawsuit
REGULATION AND LEGISLATION APR 05, 2022
Wells Fargo agrees to pay $32.5 million to settle 401(k) lawsuit

The settlement, filed in U.S. District Court for the District of Minnesota, relates to the 401(k) plan's use of the bank's own offerings.

Merit Financial acquires two Colorado firms
RIA NEWS APR 05, 2022
Merit Financial acquires two Colorado firms

Tedstrom Wealth and I.M. Wealth Care are both in the Denver Area and add $381 million in assets to Merit.

State Street launches active muni ESG fund
RIA NEWS APR 05, 2022
State Street launches active muni ESG fund

The exchange-traded fund is sub-advised by Nuveen Asset Management, a unit of TIAA.

Morgan Stanley rep managing $260 million goes to Linsco
RIA NEWS APR 04, 2022
Morgan Stanley rep managing $260 million goes to Linsco

Financial adviser Lisa Tesar joins LPL’s employee unit in Cedar Rapids, Iowa.

10 IBDs with the highest average payouts
INDEPENDENT BROKER DEALERS APR 04, 2022
10 IBDs with the highest average payouts

See the IBDs where advisers took home the highest payouts in 2021, and how the numbers compare with the data from 2020.

WA Asset Management acquires $270 million RIA
RIA NEWS APR 04, 2022
WA Asset Management acquires $270 million RIA

Both WA Asset Management and the firm it acquired, Clark Financial Advisors, are based in Birmingham, Alabama.