Waddell & Reed Advisors Funds, meanwhile, will remain intact.
Merging the funds is intended to "enhance the attractiveness of the Ivy Funds for financial advisors and shareholders," said Thomas W. Butch, EVP and chief marketing officer of W&R.
New tools go beyond simple automation. They're helping advisors deliver more meaningful value in client meetings.
In a filing with the SEC, Edward Jones announced plans to expand associate ownership by creating a new class of limited partners and a two-tier structure.
The Ensemble Practice's annual RIA compensation survey suggests that firms are paying a pretty penny for financial advisors but reaping healthy profits.
Also, an Ex-Truist/Balentine duo start an RIA, Raymond James grabs a team from Wells Fargo and Janney names a new head of advisor recruiting.
Merrill wealth co-head Eric Schimpf says the firm does about as good a job as its rivals in drawing in net new assets. But given Merrill's relationship with Bank of America, "We can do better."
A credit scare last month could have been a momentary blip, but financial advisors have always known there are a lot of risks in private investments.
