The completed transaction adds $47 billion in assets under management to the companys total assets, which now total at about $170 billion. Thirty-four percent of those assets are allocated in mutual funds, the company said. The company also offers institutional and high-net-worth accounts.
FleetBoston VP Brian Moynihan said the deal was intended to create "a balanced business which can compete in all segments, mutual funds, private wealth and institutional business."
As the U.N. renews its call for $1.3 trillion a year in climate finance, four leaders in climate finance say the biggest question for advisors is where that money goes.
As AI threatens firms' lucrative business managing uninvested cash, Schwab gives its RIA partners a new way to keep clients' cash holdings sticky.
Securities and Exchange Commission Commissioner Hester Peirce announced Friday that she would leave the agency on Oct. 2.
"The Listening Advisor" author John Gatewood preaches a five-part framework that he says can help financial advisors build deeper relationships with their clients and open valuable careers to aspiring planners.
Two years after Hurricane Helene hit his hometown, Earth Equity Advisors founder Pete Krull argues advisors need franker conversations about where clients invest and where they retire.
Valuation expert David DeVoe says he thinks the falling deal numbers are less of a reflection of waning demand and more of general economic concerns.
