Industry

The firm’s new business highlights the beginnings of a shift in the custody marketplace due to a series of consolidations.

Funding is getting tighter as advisors look towards marketing automation as an engine for growth.

Jon Stein was a pioneer of the robo advice industry, building a $25 billion firm over the past decade.

The Buffalo, New York location is the independent firm’s 12th nationwide.

Brian Truscott oversaw more than $330 million in client assets.

The firm also added a new unit to accommodate its dramatic advisor growth — from one to 140 in seven years.

The new hires generated approximately $5 million in production before making the move.

The deal underlines the bank’s focus on Folio's clearing and custody capabilities, as well as its 450 RIAs.

Nate Angelo will be responsible for 137 advisors who manage roughly $20 billion in assets.

The firm’s investment management division is bringing 55ip under its roof just two months since launching a partnership with the fintech firm.