The acquisition enables Zurich-based GAM to introduce a computer-driven trading system focused on long-only and alternative strategies, the fund manager says.

The firm bought the unit, which has over 600 advisers, as part of a $150 million acquisition deal to boost its overall broker ranks.

As the go-to financial expert, you will probably be asked for advice. Here’s what to tell a prospective seller.

"If you're a financial services company and you're not thinking of yourself as a financial tech company, then you're probably in a declining business model," says Rob Foregger, co-founder of NextCapital.

About 83% of business owners don't have a transition plan. This prompted adviser and attorney Jim Maher to build out a unique offering for clients.

The deal follows a string of acquisitions by prominent private equity firms.

The firm's latest acquisition is MacDougall MacDougall & MacTier, known as 3Macs, and which was founded in 1849.

"With so many buyers, it’s a good time to be a seller," according to the Nuveen/DeVoe RIA Deal Book.

Mercer Advisors turned to channel partners for referrals and made a valuable business-model change.

In an unusual move, the two veteran advisers left the independent channel to rejoin an employee broker-dealer.

Keeney Financial Group plans to leverage Triad affiliation to grow, firm founder says.

The asset management industry's involvement in the digital advice space continues to deepen, as firms focus on providing institutional solutions for advisors.

Sometimes it’s OK to put aside gathering more assets and building a client base, says columnist Glenn Kautt.

The move broadens its line of digital advice offerings to better serve a variety of clients, says Pershing Advisor Solutions CEO Mark Tibergien.

One of the industry's largest aggregators now has around $15B in AUM.

"We anticipate rapid growth within the Texas market,” says Jeff Dekko, CEO of Wealth Enhancement Group.

“Our growth is going to be organic,” says Raymond James Financial CEO Paul Reilly, who adds that he has “concerns” about the DoL rule.

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Demand for advisory firms is growing, investment bankers say.

Blackstone will shutter a mutual fund that allocates money to hedge fund managers following a large redemption by the vehicle’s main backer, Fidelity.