HoyleCohen, a registered investment adviser based in San Diego, California, that is part of Focus Financial Partners, will acquire Stellar Capital Management, a Phoenix, Arizona-based RIA.
Terms of the transaction, which will close in the third quarter, were not disclosed.
HoyleCohen manages $1.9 billion in assets; Stellar Capital manages approximately $400 million in assets.
Broadridge, Wedbush and Alaris Acquisitions have also filled senior wealth management roles with hires from J.P. Morgan, Osaic and SageView.
Bill would make PE firms liable for portfolio company debts and close carried interest loophole as alternatives push into 401(k)s.
While technical expertise is necessary, sustainable trust is only possible for advisors who know how and when to lean on the emotional side of advice.
Betterment, F2 Strategy and WealthReach push AI deeper into advisory firm operations with three deals this week.
Retirement expectations widen from reality, according to Natixis Investment Managers' annual Global Retirement Index.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
