Nashville, Tennessee-based GenXFinancial is acquiring Boston Partners Financial Group to form a $9 billion firm.
Brian Collins joins from Harbor Capital Advisors, a Chicago-based investment manager for Harbor Funds and pooled investment vehicles.
Kyle Smith and Michael Sandlin are leaving Truist Investment Services in Raleigh, North Carolina.
Ventura, California-based Channel Islands Group also runs an estate planning business.
Tim Devlin and Michael Jeremiah are joining the firm in Spokane, Washington.
In an investor alert, the agencies point out four tactics that fraudsters use to trick investors, such as spoofed websites and fake profiles on social media platforms.
Inflows to 4,929 funds worldwide fell 24% from the first quarter’s record $184 billion, according to a Morningstar report.
Houston-based Asset Management Advisors manages $484 million, pushing Cresset's AUM to more than $14.5 billion.
Variable annuity sales jump 55% to $32.8 billion in Q2, marking the highest quarterly sales in that category in nearly six years, according to the Secure Retirement Institute.
Almost half believe that fund management costs are included in fee they pay their adviser, according to a State Street survey.
