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InvestmentNews
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Empower Retirement plans to hire 325 by year-end
RETIREMENT PLANNING SEP 30, 2021
Empower Retirement plans to hire 325 by year-end

The company's retirement solutions group is looking for both entry-level and experienced staff.

OneDigital acquires $350 million advisory firm
RETIREMENT PLANNING SEP 30, 2021
OneDigital acquires $350 million advisory firm

Praxis Consulting, based in Sacramento, California, has $240 million in retirement plan assets and $110 million in personal advisory assets.

Morgan Stanley trio managing $315 million joins Raymond James
PRACTICE MANAGEMENT SEP 29, 2021
Morgan Stanley trio managing $315 million joins Raymond James

The team, including James Wendling, Steven VanDerSchaaf andClint Allman, have moved to the employee unit of Raymond James in Davenport, Iowa.

Avantax team managing $400 million switches to LPL
PRACTICE MANAGEMENT SEP 29, 2021
Avantax team managing $400 million switches to LPL

First Legacy Wealth Management affiliates through JFC Advisor Network. The advisory firm is based in San Angelo and Big Spring, Texas.

Mercer Advisors acquires $1.5 billion advisory firm
RIA NEWS SEP 29, 2021
Mercer Advisors acquires $1.5 billion advisory firm

The registered investment adviser Quest Capital Management, based in Dallas, will add assets and 17 staff members to the $32 billion Mercer Advisors.

Trio managing $500 million at Truist joins Raymond James
PRACTICE MANAGEMENT SEP 29, 2021
Trio managing $500 million at Truist joins Raymond James

The three-person Truist team includes Charles Mintz, Timothy Gray and Wren Mintz, and is moving to the employee unit of Raymond James.

Vanguard lowers expenses by merging target-date funds
MUTUAL FUNDS SEP 28, 2021
Vanguard lowers expenses by merging target-date funds

The expense ratios will drop from an average of 12 basis points to 8 basis points.

Mercer acquires $240 million RIA
PRACTICE MANAGEMENT SEP 27, 2021
Mercer acquires $240 million RIA

Miller Advisors is a mother-and-daughter advisory team based in Kirkland, Washington.

SEC charges adviser with steering clients to expensive funds
REGULATION, LEGAL & COMPLIANCE SEP 27, 2021
SEC charges adviser with steering clients to expensive funds

The Securities and Exchange Commission charged that from at least 2014 until 2019, Buttonwood took steps to avoid paying transaction costs by focusing client investments in more expensive mutual funds.

LPL lands $675 million team from MassMutual
INDEPENDENT BROKER DEALERS SEP 27, 2021
LPL lands $675 million team from MassMutual

Polaris is headed by partners Corey Basehore and Justin Dunwoody and includes adviser Sarah Leer, two junior advisers and a nine-member office staff.