RIAs

Also this week, Cetera closes on its purchase of Concourse Financial Group, and Raymond James appoints a head of AI.

Across the last five years of Financial Planning's 40 under 40 list, a few key insights have emerged about where the industry is at — and where it's headed.

RBC's firmwide net income skyrockets despite rising costs, even as its advisor headcount holds steady.

Wells Fargo joins Bank of America, Citi and Charles Schwab in stepping away from its DEI policies.

Citi CEO Fraser announces the end of the diversity, equity and inclusion initiatives it had started a mere three years before.

Last year set a record for mergers and acquisitions among advisory firms. Industry experts expect more of the same in 2025, driven by a desire for client and asset growth.

Also this week, LPL pulls a big team from Raymond James, Merrill from Morgan Stanley and Dynasty from CIBC.

In an industry with too few advisors, many say the failure rate for newcomers remains disconcertingly high. But brokers on Financial Planning's top 40 under 40 list say they wouldn't be where they are without early career training.

Financial Planning announces its 2025 class of the top 40 most productive employee wealth management brokers under age 40.

The RIA aggregators Prime Capital and Corient also made their marks with big acquisitions.