Meanwhile, Carlyle-backed MAI Capital announces another expansion in Connecticut, while AlphaCore adds a seven-person group overseeing nearly a billion dollars in Colorado.
The AI prospecting startup expands beyond individual advisors, targeting centralized marketing groups at firms with large home offices.
The Chicago-based RIA deepens institutional investment consulting and advanced planning access for advisors serving wealthy families
Unregistered Chicago investment adviser allegedly stole $1.8 million from clients, fabricated account statements, and used new investor funds to repay earlier ones.
The broker-dealer giant's newest C-suite hire brings 30 years of enterprise technology leadership, including time at Fidelity, to its expanding AI agenda.
The New York Fed's May survey shows consumers' financial confidence at multi-year lows despite stable price outlooks.
Merrill has also extended its ranks in California with a $450 million team from Morgan Stanley, while Raymond James adds a seasoned Edward Jones advisor to its independent channel.
Mark Tremblay joins as the firm's third senior hire in under two weeks, signaling an accelerating talent push.
Advisor demand for structured products and private markets puts pressure on independent platforms to deliver institutional-grade solutions.
New data from FINTRX show breakaway teams and M&A powering the next generation of mega-firms, with Wisconsin emerging as a dark horse on the state-level leaderboard.
