Displaying 24 results
July was strongest month on record for advisor M&A, Fidelity reports
The number of deals increased 46% year-over-year, while the amount of assets grew 32%.
Cetera goes more RIA-ish by hiring Durbin from Fidelity
It's in the best interest of Cetera's owner, Genstar Capital, to make the broker-dealer network look as much like a registered investment advisor as possible.
Durbin joins Cetera as CEO of parent company
While at Fidelity, Durbin oversaw the company’s 2015 acquisition of eMoney Advisor.
Altruist raises $112 million to challenge Schwab, Fidelity
The Los Angeles-based custodian's latest funding round was led by Insight Partners and Adam Street Partners.
Custody, compliance and tech lay the foundation for going independent
An expansive network of platforms and services has evolved that's designed to support breakaway brokers.
2023 RIA M&A off to sluggish start
The second half of January saw RIA mergers and acquisitions slow down sharply from the first half, according to a report from Fidelity.
Fidelity Institutional’s Mike Durbin transitions to new role amid larger reorganization
Durbin is going from president of Fidelity Institutional to a senior adviser role; he'll be succeeded as president by Vadim Zlotnikov.
Fidelity, Vanguard join forces to help workers move 401(k)s
The two retirement giants, along with Alight Solutions, are forming a consortium to automate the transfer of 401(k) accounts with balances below $5,000 when workers change jobs.
Fintech Bytes: Fidelity integrates with Salesforce; RightCapital launched new tool
Here's a roundup of some of the adviser fintech news you may have missed this week.
Scorching hot August for RIA M&A: Fidelity
New opportunistic buyers continue to enter the space, while serial buyers, those aggregators who have long dominated the market, are reportedly becoming more selective.
Plan sponsors are encouraging adviser competition: Fidelity
A new survey shows 47% of plan sponsors are considering changing advisers and 48% are thinking about switching record keepers.
eMoney names Susan McKenna permanent CEO
The executive had been appointed interim CEO in March after former CEO Ed O’Brien announced he was returning to Fidelity to lead institutional technology.
Creative Planning, Schwab, Fidelity fighting adviser’s collusion charges
The firms named in the adviser's complaint go to 'corrupt and malicious lengths ... to keep their illicit profit mill churning,' according to the lawsuit.
Fintech Bytes: Fidelity, Riskalyze, Snappy Krakken
A roundup of quick news items for the weekend, along with a bit of commentary from yours truly.
Fidelity partners with Digital Assets Council on crypto education
Clients of Fidelity Institutional will get a discount on the cost of DACFP's Blockchain and Digital Assets certificate program.
Fidelity updates its Wealthscape tech platform
Refreshes mobile app and adds a digital empowerment tool.
New fee models could open up pricing choices
A revamped model could offer new options for advisers who want to pay a more straightforward fee.
Financial advice in the 21st century
Evolving technology, increasing longevity and cryptocurrencies will all play a role in the future of advice, according to seven experts from across the wealth management industry.
Fidelity to offer email security tool to RIAs, B-Ds
The cybersecurity solution, which aims to protect advisers and their end clients' business email, comes from tech firm Armorblox.
Fidelity expands target allocation offerings
The asset manager has added four allocation mixes to its target allocation portfolios.
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