Industry

The RIA founded by former Barclays advisors caters to ultrawealthy clients.

The aggregator’s $300 billion-plus institutional retirement business is an advantage in a competitive market.

UBS Global Wealth Management, which oversees more than $2.48 trillion in invested assets, has gone underweight on equities for the first time since the euro-zone crisis.

John VanEngelenhoven, who had worked at Schwab for 14 years, custodies with rival TD Ameritrade at the new firm.

This is the 14th new location the regional BD has opened so far this year.

The deal will accelerate the firm’s digital-heavy client strategy, CEO Andy Rachleff said.

HighTower adds a nearly $1 billion RIA to its growing roster.

The firm added an experienced advisor from Wells Fargo after recruiting 72 other tenured reps in the second quarter.

Regulators and observers warn there are risks to mixing show business with investment advice.

The two advisors affiliated with a new IBD after one of the largest PE-backed M&A deals of the year closed.