RIAs

The company has benefited from a market surge, new investors and an uptick in broker breakaways.

Peter Mallouk’s firm made its second multi billion-dollar deal in three months after its first private equity infusion last year.

The deal will nearly double Congress Wealth Management’s client assets.

The parties are combining forces to offer other practices a longer term alternative to private equity deals.

The self-clearing custodian has unified its broker-dealer and RIA segments under one division at the company.

Private equity-backed Wealth Enhancement Group unveiled its third largest deal ever and its first location on the West Coast.

Most young and mass market clients still turn to traditional firms, but a shift toward app-based accounts is under way, according to Broadridge data.

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.

Advisor Group, Raymond James, LPL, New York Life, Stone Point Capital, and other news and moves of the week in the financial advice world.

The White House’s sweeping proposal to raise taxes on the wealthy will likely force advisors to get creative as they structure sales of their practices.