Mercer Global Advisors, a Denver, Colorado-based registered investment adviser managing $20 billion in assets, has acquired Summit Wealth Advisors, a Frisco, Colorado-based RIA managing $130 million.
The Summit team, including founder Robert Fred Lau and adviser Emily Ann Messegee, have joined Mercer Global Advisors.
[More: The hunt for mega RIAs]
Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.
Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL
“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.
Examiners will scrutinize fee conflicts, complex products and super intelligence threats as broker-dealers face fresh Reg BI and AML reviews
New launches tackle succession planning, AI-driven email management and heir retention ahead of the great wealth transfer
Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.
As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor
