Atria Wealth Solutions, a New York-based financial services holding company, has acquired SCF Securities, a Fresno, California-based independent broker-dealer with 150 affiliated representatives.
The acquisition, Atria’s sixth purchase of a broker-dealer since 2017, adds SCF to its stable of firms, which include Western International Securities; NEXT Financial Group: Cadaret Grant; CUSO Financial Services; and Sorrento Pacific Financial.
After the acquisition closes sometime in the first half of the year, Atria said that its subsidiaries collectively will represent more than 2,500 financial professionals with nearly $95 billion in assets under administration.
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
