Meanwhile, Cetera has boosted its own recruitment numbers with new additions from LPL and Osaic.
Commerce Street Holdings has also hired a retirement industry veteran in the DFW region to bolster growth in its retirement division.
The organization overseeing the CFP mark is looking for its next chief executive as Kevin Keller is set to step down in April next year.
The Wall Street giants' alliance will see institutional investors holding tokenized shares of funds managed by BlackRock, Fidelity, and other leading managers.
As SECURE 2.0 and state mandates drive micro 401(k) plan adoption, advisors are set to play a bigger role in helping small businesses navigate retirement solutions.
More than three-fifths of surveyed advisors see generative AI as an efficiency booster, though many are still concerned about data privacy and lack of tech integration.
The new offerings, including managed options on Franklin's canvas platform, come as managed account assets surge in the US to hit $13.7 trillion.
Meanwhile, Raymond James bolstered its employee advisor arm with an industry veteran who previously oversaw $750 million at Stifel.
Osaic's expanded partnership with the Arizona-based firm advances its broader strategy to offer succession-focused planning solutions to retiring advisors.
The specialists formerly affiliated with Citizens will bridge a gap among much-needed objective expertise to independent RIAs and their business owner clients. "The client business owner today ... does not have access to objective and independent valuation services," co-founder Tim Bello told InvestmentNews.
