Hiring and acquisition misfires can set you back. Here's what RIA leaders say you can do to avoid their mistakes.

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.

“We expect this momentum to continue and potentially accelerate over the next five to seven years,” says investment banker David DeVoe.

Advisory firm mergers and acquisitions can be fraught with danger, so proceed with caution and keep these goals in mind.

Fidelity suspended sales of MetLife's annuities as the life insurer weighs a possible sale, spinoff or public offering of a retail unit that provides the retirement products.

Lightyear Chief Executive Donald Marron is getting a second chance to purchase the insurer's broker-dealer arm.

Legg Mason broadened its alternative investments capabilities and also made a deal to expand its ETF business.

Invesco acquired Jemstep, a robo solution for advisors, for an undisclosed sum. It's the latest in a line of digital advice moves from asset management giants, which began in earnest last year.

Chicago-based NextCapital announced a $16 million funding deal in mid-December that includes support from Manulife and AllianceBernstein. It had already found investors in 2014 from Russell Investments and Transamerica Ventures Fund.