The deal announced Thursday will see the firms offering target-date strategies, model portfolios, and other vehicles with a dose of private investment exposure.
Aspen Wealth's New England Private Wealth Advisors has also snapped up a $1.6 billion firm in New Hampshire.
Fidelity's latest quarterly retirement analysis data show sustained plan contributions, with account balances rebounding from a brief dip.
Employers are starting to take notice, but there is still some way to go
The deal is expected to be worth $2.7 billion when it closes, likely in Q4 2025
For eligible entrepreneurs, new provisions for qualified small business stock widen the potential for capital gains tax exclusions.
"The settlement proceeds are being used to reimburse outstanding legal and other third-party expenses in accordance with the funds’ governing investment documents, not as corporate profit," a company spokesperson told InvestmentNews.
Americans paying the caregiving tax – including members of Gen X and Millennials – are sacrificing long-term security.
Wealth.com and Shaping Wealth have also tapped other industry heavyweights to beef up their own advisory boards.
The presiding judge stressed his "gravely serious" acts contributing to the far-reaching fraud at the family office but credited him for cooperating with US authorities.
The veteran who built Merrill Lynch's retail business from the ground up will bring that experience to support growth across Stifel's advisory, asset management, and investment banking businesses.
The partnership aims to develop a globally scalable custody and clearing solution for advisors and the clients they serve.
Atlanta Fed President Raphael Bostic published an essay on inflation risk and said that evidence of a weaker labor market warrants a single quarter-point rate cut this year.
Report reveals increased focus on funds with built-in income features.
After a two-year period of inversion, the muni yield curve is back in a more natural position – and poised to create opportunities for long-term investors.
Meanwhile, an experienced Connecticut advisor has cut ties with Edelman Financial Engines, and Raymond James' independent division welcomes a Washington-based duo.
Osaic has now paid $17.2 million to settle claims involving former clients of Jim Walesa.
Oregon-based Eagle Wealth Management and Idaho-based West Oak Capital give Mercer 11 acquisitions in 2025, matching last year's total.
Osaic-owned CW Advisors has added more than $500 million to reach $14.5 billion in AUM, while Apella's latest deal brings more than $1 billion in new client assets.
The up-and-coming Los Angeles-based RIA is looking to tap Merchant's resources to strengthen its alts distribution, advisor recruitment, and family office services.
