Sanctuary Wealth, an Indianapolis, Indiana-based diversified wealth management platform for independent advisers, has taken an equity stake in GoalPath Solutions, an Overland Park, Kansas-based provider of advice and education to participants of workplace retirement plans.
Terms of the investment were not disclosed.
In addition to serving plan participants, GoalPath helps independent advisers scale their retirement plan business by providing access to back-office systems, processes, sales tools, investment solutions and other products and services, Sanctuary Wealth said in a press release.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
