Portfolio

The $3 billion marriage of robo and radio advice has some expecting more deals and pressure on RIAs to increase focus on scale and deliver a better digital customer experience.

Edelman expects to see a wave of similar RIA-robo pairings, pushed by consumer demand for cheaper, unconflicted online services.

Some big banks and money managers are shifting resources by hundreds or thousands of miles to cheaper cities.

The active manager plans to launch his new firm in June with former Franklin Templeton colleagues.

The hybrid advice platform is teaming up with benefits firm Alight Solutions and asset manager AllianceBernstein to bundle its digital tools with retirement portfolios.

Clients should determine the benefits they would receive if they file at age 62, at full retirement age, and after their full retirement age.

The firm is prioritizing its most productive advisors after shedding some 30% from its headcount.

Allegations of undisclosed private securities transactions by a former advisor followed two significant mutual fund cases involving the IBD network’s practices.

The team is the latest in a stream of advisors who are leaving the wirehouse for smaller rivals.

Move is the latest in a recruiting streak for the regional broker dealer.