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The acquisition of IPI will add about $8 billion to the independent broker-dealer.

The group consists of two advisers who generated $2.7 million in annual production, according to RBC.

Money has flowed out of the vehicles as growth favors stocks.

Digit's decision to charge a monthly fee speaks to the challenge of making fintech profitable.

Investors are also loading up on the metal through exchange-traded products, pouring $487 million into SPDR Gold Shares on Wednesday.

Long-term financial health depends much more on persistence than on being brilliant. Here's how to convince the recalcitrant.

Rachel Schneider is co-author of "The Financial Diaries: How American Families Cope in a World of Uncertainty" (Princeton University Press; April 11, 2017). Schneider is also senior vice president at the Center for Financial Services Innovation, an organization dedicated to improving the financial health of Americans.

Jonathan Morduch is co-author of "The Financial Diaries: How American Families Cope in a World of Uncertainty" (Princeton University Press; April 11, 2017). Morduch is also professor of public policy and economics at the Wagner Graduate School of Public Service at New York University, as well as a founder and executive director of the NYU Financial Access Initiative.

Money has flowed out of the vehicles at the fastest rate since June.