WA Asset Management, a Birmingham, Alabama-based registered investment adviser managing $4.3 billion, has acquired Clark Financial Advisors, an RIA firm that manages $270 million and is also based in Birmingham.
The acquisition is the first that WA Asset Management has made since it received an equity investment in December from Wealth Partners Capital Group and HGGC.
Reports of potential combination follow discussions between CEOs, sources say.
Mayer Brown, GWG's law firm, agreed to pay $30 million to resolve conflict of interest claims.
Orion adds new model portfolios and SMAs under expanded JPMorgan tie-up, while eMoney boosts its planning software capabilities.
National survey of workers exposes widespread retirement planning challenges for Gen Z, Millennials, Gen X, and Boomers.
While the choice for advisors to "die at their desks" might been wise once upon a time, higher acquisition multiples and innovations in deal structures have created more immediate M&A opportunities.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
