The wrapper's barely off the new year and LPL has already made another big move, agreeing to buy RIA Fortigent. One industry watcher says the deal is, in fact, a very big deal. Here's why.
Adviser with $2.7B in AUM reverses course, drops plan to start own broker-dealer; says reasons to form B-D 'evaporated'
Registered investment advisory firm mergers-and-acquisitions activity is at a boil this year, and the pace likely will continue, as long as volatile investment markets don't distract buyers.
The Mutual Fund Store, one of the largest RIA firms in the industry, has inked a deal to sell a controlling stake in its business to private equity firm Warburg Pincus. The announcement comes one month after <i>InvestmentNews</i> first reported that a deal for the RIA was in the works, which founder Adam Bold (pictured) denied at the time.
Purchase of Merriman hikes firms' AUM to nearly $60 billion; more TBA?
Pair of brokers in Lone Star state suspended for selling bogus promissory notes from now-defunct National Life Settlements; 'We were fooled'
Retirement plan advisers are most interested about fees and expenses when talking to fund wholesalers.
Roger Michaud, chairman of the College Savings Foundation and a senior vice president at Franklin Templeton Distributors Inc., stands behind Section 529 college savings programs as the best way to pay for increasing higher-education expenses.
Alternative investment managers Bridgewater Associates and AQR Capital Management are turning their attention to the defined contribution plan market with tweaks to their strategies.
Fairholme Fund boss looking for big rebound after lousy 2011; BofA turnaround would help mightily
Deutsche Bank could sell its asset-management units, including DWS mutual funds, RREEF, DB Advisors and its insurance asset management arm.
In a bid to retain Morgan Keegan brokers, Raymond James is offering the firm's reps the chance to go independent using the RJ platform. Recruiters say the pitch may attract a fair number of takers.
If there is a silver lining to the financial crisis, it may be that Americans are finally waking up to the notion that they need to save more for retirement.
While brokerage firms have every right to expect former brokers to honor the agreements they make when accepting recruiting and retention bonuses, Finra should resist pressure to rewrite its rules to make it easier for firms to collect unreturned bonuses.
Robert Miller isn't a typical member of the National Association of Insurance and Financial Advisors
