Merrill has also nabbed a Morgan Stanley team in Georgia, while Raymond James lured multiple breakaway teams to its employee advisor channel.
Annual survey data show roughly 73 million households own mutual funds, with 86% of mutual fund-owning households citing retirement as a financial goal.
The software-focused buyout firm expects staff levels could fall by as much as one-third as it automates presentations, data aggregation and back-office work.
Higher contribution caps and expanded catch-up limits boost savings potential for 401(k), IRA, and SIMPLE account holders next year.
Models reveal varying outcomes for 401(k) savers, with the biggest success ratios for those with higher balances and lower Social Security replacement rates.
Morningstar analysis reveals top five picks as assets in education savings plans cross a key $500-billion milestone.
With fewer CPAs entering the field and client expectations on the rise, advisors are turning to technology and strategic alliances to deliver comprehensive tax and financial solutions.
The advisor, formerly with DA Davidson, also repeatedly failed to tell his employers about outside securities accounts he maintained at another Finra member firm.
From C-level leaders to founders and elite advisors, this year's hot list winners are successfully navigating turbulence and waves of change shaping the wealth industry.
Creative Planning's subsidiary United Capital has also landed a $4 billion planning firm, while a $1 billion-plus firm joins LA-headquartered Lido Advisors in the East Coast.
