Buckingham Strategic Wealth, a St. Louis, Missouri-based registered investment adviser managing $50 billion, has acquired Confluence Wealth Management, a Portland, Oregon-based RIA managing $782 million.
Terms of the acquisition, Buckingham's sixth this year, were not disclosed.
Founded in 2011, Confluence is headed by Kathleen Kee, who will remain with the firm.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
The high court's decision rebuffing Alpine Securities marks a setback for a broader challenge to Wall Street's reliance on self-regulatory organizations.
Arax acquires a boutique firm's $4 billion RIA business in Michigan as Steward Partners continues its Southwestern expansion.
Wealth management is a key focus for a new service tier.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
