Edelman Financial Engines has acquired Viridian Advisors, a Bothell, Washington-based registered investment adviser that manages $846 million and includes tax planning and preparation among its services.
The transaction, details of which were not disclosed, is expected to close in the second quarter.
Adriel Tam, who heads Viridian and its team of CPAs and planners, will join Edelman as head of its tax practice.
A spokesperson for the estate planning fintech cited AI's reshaping of the industry as Trust & Will restructures its business.
Omaha-based RIA expands Northern California footprint with Roseville acquisition amid record annual pace for wealth management M&A.
Advisor's Alpha framework joins Envestnet's platform, giving advisors new tools to manage client tax exposure year-round.
B Capital and pension giant CalPERS lead a consortium buying the 90-year-old asset manager from TA Associates and Reverence Capital Partners.
Using artificial intelligence can have benefits for both advisors and their clients, according to new research.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
