The acquisition of $370 million Union Financial Advisors, based in Tulsa, marks Merit's sixth deal since taking private equity capital two years ago.
Merchant Investment Management continues to build up a portfolio of minority ownership stakes with the deal with $775 million, California-based Argos.
Investors searching for a source of income could look to credit funds with attractive yields.
The aggregator announced the addition of Sanford Advisory Services, a $1.1 billion firm based in Portage, Michigan, as private equity backing continues to drive acquisitions in the wealth management space.
The popular corporate leader will co-found a company that provides debt and equity to businesses run by women and minorities.
The old advice to 'sell in May and go away' is morphing into a duck-and-cover drill as advisers brace clients for a rough summer.
Mercer is acquiring HYA Advisors, an RIA based in Springfield, Missouri, as private equity money continues to drive RIA consolidation.
Asset-based pricing still dominates in wealth management, but the trend is moving away from charging clients based on portfolio size.
American Funds and Inspire Investing announce fee cuts Monday, in the wake of Vanguard's announcement Friday.
As fixed income suffers the brunt of the Fed's efforts to catch up on inflation, financial advisers suddenly have an alternative for short-term cash allocations.
