Industry

Overall M&A deal values in the asset management industry surged last year to $12.7 billion compared to $2.6 billion in 2013, but growth was largely driven by a few mega-deals, as the total number of deals remained flat.

After selling Cetera for a rich $1.15 billion, Donald Marron's Lightyear Capital picks up a $4.7 billion hybrid RIA.

Three advisors left the wirehouse to join the independent brokerage network at Wells Fargo.

Striking a balance between the emerging and traditional realms of investing is where Motif Investing sees its niche, says its co-founder and CEO Hardeep Walia.

The move marks HighTower's fifth recruiting grab this year, totaling about $2 billion in client assets.

Russell Investments' new app joins the growing crowd of firms offering financial advisors digital tools to explain investment concepts to their clients.

Total client assets for the wirehouse also rose to a record $2.047 trillion, edging it into the no. 1 spot past rival Merrill Lynch.

Three wirehouse advisors joined RBC to open a new branch office.

Behind the accounting errors that knocked $4 billion off American Realty Capital Properties' market value was a hidden scheme that generated more than $900 million in managers’ fees and bonuses, investors said in a lawsuit against the company.

New Fidelity research zeroes in on the best practices of RIAs who the custodian identifies as 'marketing leaders.' See what sets them apart.