The deal, which values the firm at $208 million, will take the enterprise public later this year as Binah Capital Group.
The Pennsylvania-based firm's 40 advisers, who manage $5 billion in assets, will become part of LPL's employee channel.
Longer lifespans increase the chance that your clients will outlive their money or have to drastically downgrade their lifestyle.
The acquisition brings more than 700 RIAs using Redi2's billing and invoicing software, BillFin, into the Envestnet ecosystem.
The AUM fee model works well in rising markets, but when markets begin to decline, the model means revenues are falling as the needs of clients increase.
Stephen Straus began his career in 1968 and was still showing up in the office every day at age 88.
Research from Ameriprise also shows that at least a quarter of financial advisers have no succession plan, and 14% expect to leave the business to a buyer.
The Kansas-based firm provides advice and education to participants of workplace retirement plans.
Aquantix's climate-risk models use artificial intelligence to assess physical risks for about 500 million residential and commercial assets.
At a time when investors are struggling with rising interest rates and falling equity values, Grubb Properties explains why multi-family residential real estate could offer an attractive alternative.
Vanguard lowered the account minimum for an institutional target-date fund, causing a migration from the retail TDF, leaving those who held onto it in taxable accounts with a big capital gains bill.
Ongoing discontent, worsened by the pandemic and tech shortfalls, has resulted in 15% of wirehouse advisers and 7% of independent advisers being 'at risk' of exiting their firms in the next two years.
An Investment Adviser Association survey shows that for the second year in a row, the SEC advertising rule is the top compliance concern.
Columbia Threadneedle analysts say that the U.S. might already be in recession and that the Fed might not need to raise the fed funds rate higher than 3%.
Alliant Wealth Advisors' qualified plans division will become a part of Savant’s retirement plan services division.
There have been exciting developments in terms of partner firms offering loans and equity options that can provide the capital advisers need to realize their business growth goals.
The acquisition of BT Wealth Management expands WA Asset's reach into Georgia.
These plan designs can help small-business clients save big on their taxes while building their retirement nest egg.
Starks Financial Group, which was founded in 1999, is based in Asheville, North Carolina.
The firm asked for a restraining order against 90-year-old Leonard Bernstein in Oklahoma County District Court Tuesday that would bar him from its offices and from any contact with former colleagues.
