Also this week, NorthRock Partners added a $2.7 billion advisory firm in California, while Carnegie Investment Counsel deepened its footprint in Florida.
'Advisors always tell you it's not about the money when it comes to recruiting, but when you see money like that, it's about the money,' one executive said.
The brokerage giant added over one million new brokerage accounts for the fourth straight quarter, while total client assets reached a record $11.59 trillion.
An open letter from the fintech to the 401(k) giant has sparked a fierce debate over how retirement savers ought to be able to engage third-party advisors.
Wealth management units post standout results, powered by rising client balances and increased trading.
The firm can win back the trust it lost due to a recent SEC order – as long as it does the right thing.
Research finds that most Americans lack readiness in planning for longer life
The move to enter the $13 trillion DC plan market follows recent regulatory shifts, with Blackstone joining other asset managers seeking to bring private assets to workplace retirement plans.
With a new planning platform set for 2026, Advyzon seeks to streamline workflows for RIAs by integrating financial planning, portfolio management, and reporting.
The deal adds hedge fund and private credit operations expertise to growing advisory platform.
The acquisition marks an important boost to the firm's capabilities.
From Bain-backed Carson Group's stock appreciation rights to KKR-backed Beacon Pointe's employee equity pool, acquirers reveal new incentive mix.
From advisor productivity to data quality and protection, the top tech providers in the wealth space are solving for the most critical challenges facing advisors and wealth firms.
JPMorgan and Goldman's investment banking units helped drive earnings beats, while Citi hit revenue records across all divisions.
Raymond James 'has also been getting more love on Commonwealth recruiting success,' one analyst noted.
As a tipping point in female leadership approaches, advisors who embody empathy, authenticity, and partnership are poised to help shape a brighter future for the industry.
New research shows Gen Z and millennials are more likely than baby boomers to be retirement-ready, though each generation faces distinct challenges.
Shackleton joins the $86 billion RIA as its M&A strategy puts it among the most active private equity-backed consolidators so far in 2025.
These new market participants are reshaping the investment landscape.
Alight data show 401(k) plan participants favored fixed income in September, while Schwab’s retail clients expanded their stock holdings.
