Hightower

The Chicago-based RIA giant is taking majority ownership in NEPC, a firm offering institutional research and new investing opportunities.

Both private equity-backed acquirers made deals to purchase billion-dollar advisory firms.

Securian's alleged tactics with departing managing partners highlight a troubling trend among firms claiming to offer flexibility and freedom.

CEO Michael Farr will also become Hightower’s new chief market strategist.

Merrill Lynch, Ameriprise Financial and Hightower Advisors are on the list for the 2021 Digital Wealth Management Impact Innovation Awards.

The private equity-backed wealth and 401(k) manager drew away an ex-Hightower team as part of its surging growth in the past year.

Despite a competitive fight among wealth managers for advisors, clients and industry AUM rankings, most practices are very small businesses — and some advisors want them to stay that way.

The troubled alts manager’s charges will trigger many more arbitration proceedings and potential regulatory cases, plaintiff attorneys say.

The private equity-backed RIA agreed to purchase its first firm of the year after being one of the most active acquirers in 2020.

The latest roundup of news in the IBD and RIA channels comes in a time of economic turmoil and big transactions.