The Colony Group, a Boston-based registered investment advisory firm managing more than $13 billion, is acquiring Legacy Wealth Partners, a Calabasas, California-based RIA managing $288 million.
Terms of the transaction, which is expected to close later this year, were not disclosed.
Brad Levin founded Legacy in 2001, and David Tracy joined the firm in 2004.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
