The deal, which is expected to close this summer, pushes Akron, Ohio-based Sequoia's assets under management over the $7 billion mark.
Citigroup plans to 'double down on wealth,' while Merrill's account balances surged 31%.
Some leading retirement experts are questioning whether advisers should rethink their assumptions about retirement spending when creating financial plans.
The results of a recent experiment show people saved more, spent less and felt more secure financially while saving as a group, according to the nonprofit Commonwealth.
A struggle for seats on the board of Blucora Inc., which owns the independent broker-dealer Avantax Investment Services Inc., is heading for a showdown. Blucora has purchased two broker-dealers in half-a-dozen years to expand into the wealth management business.
Andrew Meredith and Kevin Lindung are based in Towson, Maryland.
Walnut Beech Advisors maintains offices in Michigan and New York
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The big news, announcements and underlying trends emerging in the world of technology solutions for financial advisers!
Even for the earliest proponents of sustainability, the sudden spike in ESG investing popularity is surprising, but satisfying.
Low Group, a four-person team, is based in Bloomfield Hills, Michigan.
The wirehouse reported new records for net new assets of $105 billion, up 43% from the end of December and an increase of 183% from the same period a year earlier. 'My target is $10 trillion of money under management,' said CEO James Gorman. 'I've told the team internally, they hate that.'
Martin Silver of International Investment Group in Long Branch, N.J., will pay penalties to be determined.
The latest challenge to advisory fee models based on client assets is carving out a niche between robos and traditional financial planning.
The co-founder of the quant giant is in fighting spirits after the strategy of buying cheap equities notched its best quarterly outperformance in 20 years.
Meanwhile, Massachusetts amended its December complaint against the online brokerage seeking to revoke its registration in the state.
After adapting on the fly last year, financial advisers are embracing virtual internships as a more efficient way to train and recruit talent.
The three-adviser Marshall & Whatley Investment Group is based in Harrisonburg, Virginia.
Last year, there was a 27% uptick in the number of cases advisers working with the Foundation for Financial Planning reported.
Peter Vacheron and the team at IBG Financial Partners in Foxborough, Massachusetts, will join Hub’s retirement unit.
