RIAs

The focus on dual registrants grows out of concern that the different compensation structures of the two business lines can create conflicts of interest and potentially harm investors, according to an SEC director.

'The average deal was a $1 billion or more RIA buying a mid- or smaller-size firm, a classic tuck-in,' says Jonathan Beatty of Schwab Advisor Services.

Bank executives expect to boost revenue from their wealth management practices 25% or more in the next five years, with some anticipating a 35% contribution to total bank revenue.

"We're seeing more inquiries like this," says Dynasty president and CEO Shirl Penney. "As the opportunity presents itself, we think more teams will see the advantage of joining to achieve scale, size and get more bang for their buck."

Independent broker-dealer network Advisor Group has a new CEO with big goals. First on the list: Find acquisitions.

More emphasis on incentive pay, bonus pools and flexibility as firms scramble to lure and keep talent.

At the highest- performing firms, incentive pay and equity are becoming key components of advisor compensation.

Broker-dealers have managed to control the terms of the regulatory debate. Advisors: It's time to watch your language.

Lack of scale and the heavy investment wealth platforms require may have prompted the bank holding company to sell its RIA business, says one industry consultant.

Esther Stearns is working with financial software maker Guide Financial in its quest to "carry the NestWise torch."