The financial planning fintech will use the latest injection of capital to invest in its technology and product suite to upgrade its client experience.
The products had net inflows of $23.9 billion, a significant increase from the $6.7 billion in outflows seen in 2020, according to a report from Morningstar.
The firm's purchase of Reilly Financial Advisors is another in a string of recent deals.
The investment bank shelled out an additional $4.4 billion in comp last year alone, for a total of more than $17.7 billion for the year, sending the bank to its only quarterly profit decline of 2021.
The bank's wealth management group also started 2022 in hiring mode, reporting this month that it had recruited two longtime Merrill advisers in New York.
Jason Benedetti, Gus Dekavallas and Larry Ritter affiliate in Scottsdale, Arizona.
The three advisers, who will operate as The HarborView Group in St. Petersburg, previously were affiliated with Morgan Stanley.
Giant Virginia bank’s RIA arm will shed operations as well as assets.
A JPMorgan Bank rep who advises on $200 million also moves to Atlanta-based Arkadios Capital.
John and Jennifer Tarantino affiliate with LPL Financial in Florham Park, New Jersey.
In his annual letter, Larry Fink warns that companies will be left behind if they don’t embrace sustainable business practices.
Onyx Advisor Network is a new platform designed to support underrepresented advisers by providing them with resources, tools, and networking. The founders, Dasarte Yarnway and Emlen Miles-Mattingly, discussed their plans for the platform and their vision of how to diversify the industry in an InvestmentNews livestream.
Justin Green, founder of AssistFP, has learned that developing a niche is an evolutionary process.
Litigators this week brought class-action lawsuit claims against PPL Corp., Mass General Brigham and Milliman Inc. over their multibillion-dollar 401(k)s and 403(b)s.
The Florida-based advisers are joining the firm from Truist.
The $7.1 billion cryptocurrency exchange has agreed to purchase Bitria, a 5-year-old startup that provides advisers with tools to access and manage holdings of Bitcoin and other tokens.
Marketing is a long game. First impressions matter, but lasting impressions matter more.
Three-quarters fear new Covid variant could cause a recession.
While the company hasn't staunched the bleeding of its financial advisers completely, the three months ending in December saw the rate of decline slow a bit, while the average revenue per adviser continued to increase.
The deal for Portfolio Evaluations of New Jersey is Captrust’s 54th acquisition since 2006.
