RIAs

In a highly competitive landscape for tech developers, financial advisor firms often fall short compared to mega tech players and startups. But there are ways to attract top tech talent, advisors and consultants say.

UBS, Morgan Stanley, Ameriprise, Bank of America and Cetera were all on the losing end of some of the biggest recruiting deals this week.

The groups managing hundreds of millions are coming over from Merrill, Northwestern Mutual and Wells Fargo.

The private equity-backed firm's acquisition of Levy Wealth, with its more than $1 billion under management, falls in line with the trends driving industry consolidation.

Industry groups see the new AML requirements as unnecessarily redundant and burdensome on small firms.

Alfred Nobel was the inventor of dynamite and founder of the annual prizes.

The industry's growth has set records in the number of firms, client assets and M&A deals. These firms stand out from their peers, though.

The deal marks the fourth purchase for CW Advisors since a private equity firm bought a majority stake in it last year.

Advisor consultants say it's time to do a tech gut check as new technology is bloating firms into paying for costly and often unnecessary tech stacks.

The latest push-pull episode between the giant firm and its large branches came to light in its earnings call. Unanswered questions loom large for its future.