The deal values closely held Fisher Investments at $12.75 billion and is part of the founder's estate planning, according to the firm.

Yext's CEO said his firm could have tried building its own in-house compliance software. Instead, it found exactly what it needed at Hearsay Systems.

The payout of nearly $20 million reflects the mixed status of Black representation among financial advisors at the largest wealth management firms.

Crypto backers have amassed a $160 million to bolstering U.S. candidates who favor light-touch regulation of the embattled industry.

The deal comes as a Raymond James executive questions if advisors who choose to go with private owners won't regret their decisions in three to five years.

New CEO Ted Pick sees little need to change the "wealth management machine" his predecessor helped bring to "escape velocity."

In their first interview about the shakeup atop the influential organization for Black financial advisors, its interim leaders emphasized continuity amid the shift from Christian Nwasike.

The promotion comes as the latest step in the consolidation process that's been ongoing since the $15 billion firm's founding last year.

The Toronto-based bank's U.S. subsidiary has taken in $15 billion in asset inflows in the past two years.

Management changes expected to help in CEO Ermotti's wealth management ambitions in the U.S.