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InvestmentNews
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Wells Fargo nears deal to sell asset management unit
WIREHOUSES JAN 15, 2021
Wells Fargo nears deal to sell asset management unit

The bank is reportedly in talks to sell the unit to a private equity consortium led by GTCR and Reverence Capital Partners.

UBS teams managing $900 million bolt to RBC
PRACTICE MANAGEMENT JAN 14, 2021
UBS teams managing $900 million bolt to RBC

Two pairs of advisers in Lincoln, Nebraska, make the move, along with their staffs.

Texas trio managing $175 million exits Avantax for LPL
INDEPENDENT BROKER DEALERS JAN 14, 2021
Texas trio managing $175 million exits Avantax for LPL

West Texas WealthCare will use JFC Financial as its office of supervisory jurisdiction.

Hub International acquires Alpha Pension Group
RETIREMENT PLANNING JAN 13, 2021
Hub International acquires Alpha Pension Group

Boston-based Alpha is a retirement consulting firm with 572 clients and about $2.9 billion in assets.

Giant California RIA acquires two firms
RIA NEWS JAN 13, 2021
Giant California RIA acquires two firms

Beacon Pointe Advisors adds CDA Group, based in Greenville, South Carolina, and Essex Asset Management, in Vero Beach, Florida.

Douglas King starts term as chair of CFP Board
PRACTICE MANAGEMENT JAN 12, 2021
Douglas King starts term as chair of CFP Board

The head of Oakwood Capital Advisors says ethics is high on the agenda for the coming year.

Matt Granski named president of Miracle Mile Advisors
PRACTICE MANAGEMENT JAN 12, 2021
Matt Granski named president of Miracle Mile Advisors

The new head of the $2 billion Los Angeles-based registered investment advisory firm is just 27.

Hightower firm in Massachusetts acquires $200 million indie
RIA NEWS JAN 12, 2021
Hightower firm in Massachusetts acquires $200 million indie

Lexington Wealth Management adds Marcus Financial Advisors

Father-son duo managing $150 million join LPL
INDEPENDENT BROKER DEALERS JAN 12, 2021
Father-son duo managing $150 million join LPL

John and Evan McCoy run Integrity Financial Services in Lancaster, Pennsylvania, and were previously affiliated with Securities America

Merger creates $4.4 billion RIA in New Jersey
RIA NEWS JAN 12, 2021
Merger creates $4.4 billion RIA in New Jersey

New Jersey-based Modera merges with Pennsylvania-based Independence Advisors; Modera also receives equity infusion from Tria Capital Partners