Addepar, a Mountain View, California-based provider of wealth management technology, has closed a $117 million Series E funding round led by WestCap Group.
Other investors in the round include 8VC, a venture fund founded by Addepar founder Joe Lonsdale, who also is the co-founder of Palantir, and Sway Ventures.
The funding will be used to support the expansion of the company’s data aggregation, analysis and reporting platform.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
