If reached, the deal would precede a potential IPO of the $52 billion firm, which oversees asset allocations of domestic and offshore pension funds.

The next big institution is going after fintech, but there’s still a long road ahead.

Managers will actively evaluate an asset’s characteristics — its value or momentum, for example — to determine what to buy.

Lightyear Capital sold its majority stake in Wealth Enhancement Group to another wealth management industry entrant.

Withdrawals have topped $17.2 billion this year as investor money shifts to low-fee products.

The freshly recapitalized firm is offering succession services without any custodial or affiliation requirements.

After affiliating with Advisor Group following its acquisition, Signature Estate & Investment Advisors aims to offer its TAMP across the network.

Dan Arnold deployed a five-pronged argument for why consolidation is a recruiting boon for the No. 1 IBD.

About 350 employees at USAA may lose their jobs due to the deal.

The exit wasn’t due to any “one thing,” Tim Hockey said.