Industry News
Industry News
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Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.
March 15 -
Wealth management firms are consolidating at a breakneck pace in a bid to grab wealthy U.S. clients.
March 11 -
The deal will push Paris-based iM Global’s assets above $24 billion and enable it to break into wealth management.
March 11 -
The RIA picks up 1,300 clients with $780 million in assets, underscoring feverish consolidation among wealth management firms.
March 10 -
The two fintechs are vying with each other and Envestnet to be advisors’ preferred digital hub.
March 9 -
Ascensus sold the practice with four reps and $490 million in client assets after acquiring it two years ago.
March 9 -
It’s a move that combines two businesses providing products and services in high demand — investment returns and retirement income, the firms said.
March 8 -
Questions about job losses and real estate are adding more complexity to the usual post-deal issues involving advisor retention and company consolidation.
March 5 -
The RIA acquired the innovative practice while bulking up its social justice investing efforts and its wealth redistribution planning services.
March 4 -
The first deal under new Betterment CEO Sarah Levy will net the firm 17,000 accounts and $190 million in client assets.
March 4 -
Wealth Enhancement Group’s second acquisition of 2021 comes as experts say there’s an “ever-increasing buyer appetite” for $1 billion-plus firms.
March 4 -
Despite Voyant’s success internationally, it is relatively unknown in the U.S. The TAMP plans to change that.
March 2 -
Pete Dorsey is the latest member of TD Ameritrade’s leadership team to part ways with the company after it was acquired by Charles Schwab.
February 23 -
The unit has $603 billion of assets under management and employs more than 450 investment professionals.
February 23 -
The agreement will expand the companies’ recruiting efforts in the bank and wirehouse channels.
February 17 -
A merger would value Apex and Northern Star Investment Corp. II at as much as $5 billion, a personal familiar with the matter said.
February 12 -
With few areas of growth in 2020, insurers are focusing on burgeoning RILAs and finding more distribution channels, experts say.
February 11 -
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The company, which has seen headcount increase 45% since closing the deal, has eliminated more than 1,000 positions in recent months.
February 9 -
The private equity-backed firm’s deal could tack on some 900 advisors to its ranks.
February 8
















