With the acquisition of Farr Miller & Washington, Hightower will install founder Michael Farr as its new chief market strategist.
Houston-based Asset Management Advisors manages $484 million, pushing Cresset's AUM to more than $14.5 billion.
Variable annuity sales jump 55% to $32.8 billion in Q2, marking the highest quarterly sales in that category in nearly six years, according to the Secure Retirement Institute.
Preliminary research results indicate there's a strong correlation between genuine leaders and authentic fiduciaries.
Almost half believe that fund management costs are included in fee they pay their adviser, according to a State Street survey.
The agency charged 21 investment advisers and six brokerages with missing delivery or posting deadlines. The customer relationship summary outlines fees, services and potential conflicts of interest and is supposed to help clients understand business practices.
The legislation, written by Rep. Alexandria Ocasio-Cortez, D-N.Y., would require family offices with more than $750 million in AUM to register with SEC.
Legg Mason vet Joe Sullivan is bullish on the future of Allspring Global Investments. The $604 billion asset management arm of Wells Fargo & Co. is being acquired for $2.1 billion by GTCR and Reverence Capital Partners.
The insurance brokerage, which couldn't convince the U.S. that the combination wouldn't restrain competition, will pay a $1 billion termination fee to Willis Towers.
Sales of such alternative investments are so strong, they have already surpassed last year's total of close to $27 billion, and are tracking to nearly double that amount by year end.
Twenty percent of high-net-worth clients say they're likely to switch their primary financial adviser this year, according to a Northwestern Mutual survey.
Members of the partnership, which is affiliated with Raymond James, will be able to tap capital from Merchant Investment Management.
The existing nonrefundable saver's credit would become a $1,000-a-year matching contribution from the government.
Should something that happened when applicants were teenagers still be held against them?
Baseball cards, wine, even dinosaur bones can help diversify a portfolio, as demand for the items surged during the pandemic.
It’s not clear how many people may be suffering from the legal restraints that were supposed to protect them.
Opponents contend the measure, known as the PRO Act, could negate independent-contractor agreements between advisers and financial firms.
Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.
The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.
Acquisition of Toronto-based Gavin Hockey Wealth Specialists gives Focus Financial another foothold in a market moving toward independence.
