Industry

The nation’s largest independent broker-dealer will onboard a substantially higher share of assets and advisors than after its last comparable deal in 2017.

The deal will nearly double Congress Wealth Management’s client assets.

Anyone can call themselves a wealth advisor these days. Here are credentials that count.

The parties are combining forces to offer other practices a longer term alternative to private equity deals.

The self-clearing custodian has unified its broker-dealer and RIA segments under one division at the company.

Private equity-backed Wealth Enhancement Group unveiled its third largest deal ever and its first location on the West Coast.

Most young and mass market clients still turn to traditional firms, but a shift toward app-based accounts is under way, according to Broadridge data.

More growth is on the way: the No. 1 IBD has one more massive recruiting move and a $300M acquisition to complete.

Joe Skarda, who was previously managing director of JPMorgan Chase’s U.S. wealth management central division, will oversee a unit that houses Key’s private bank, family wealth and mass affluent business segments.

Despite a competitive fight among wealth managers for advisors, clients and industry AUM rankings, most practices are very small businesses — and some advisors want them to stay that way.