Finance

The California-based firm’s latest $1 billion RIA grab is just the start, its leaders say.

After unveiling another deal for an RIA with billions in AUM, the firm is also revamping its CRM system with Salesforce as its vendor.

Rising equity values and incoming assets drove higher earnings despite the lower number of financial advisors at one of the largest wealth managers.

Tailwinds behind fiduciary services and financial advisor demographics are working in the RIA holding company’s favor, CEO Rudy Adolf says.

The wealth manager has opened more ways to affiliate with the firm by starting to tap M&A deals with a sizeable pipeline for more in the future.

The TAMP saw record quarterly inflows under new CEO Natalie Wolfsen, who has plans to make a splash in wealthtech M&A.

Despite fewer incoming advisors, CEO Ron Kruszewski says the company’s pipeline is strong and extending to the independent channel.

The nation’s largest independent broker-dealer aims to boost expansion even more, and it’s not ruling out launching its own bank.

Industry experts weigh in on the future of wealth management.

Record-level asset management fees and investment banking revenues were credited with the increase in net revenue.

With $440 million in capital, the alternative investing company plans to expand internationally and make more acquisitions.

CEO Jim Cracchiolo acknowledged that the firm attracted fewer experienced reps in the second quarter, even as its headcount ticked up by 2%.

A new high in loan volume and a notable influx of advisory AUM drove the wirehouse’s business to more than half a billion dollars in second-quarter net income.

Titan plans to challenge Fidelity and BlackRock and attract younger generations to active investing.

The deal formally unites Marty Bicknell and Steve Lockshin, two of the biggest names in wealthtech investing.

CEO James Gorman says the company has created something new by adding Solium and E-Trade to its existing force of financial advisors.

While the bank’s second-quarter earnings disappointed, wealth management services, driven by Merrill Lynch, were a bright spot.

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

Yet there is concern the Delta variant of the coronavirus may spread and spear policy actions that could slow economic growth.

Private equity firms are jostling to invest in financial advice firms that they think may become cash cows.