The bank has been paring smaller business lines since scandals began erupting from its branch network in 2016.

The IBD's advisors can expect new technology and product offerings, says David Knoch.

The bank has considered buying DWS to combine it with its own unit and spin the two off as a separate entity, sources said.

The firm is targeting the mid-Atlantic region, northern Virginia, Florida and the Midwest for more acquisitions this year.

The aggregator buys two RIAs with a combined AUM of over $800 million.

The RIA will be combined with Sontag Advisory to create an $11 billion wealth management powerhouse.

The purchase will add to one of the asset manager’s key businesses, Aladdin.

Strategic buyers have less cash but more flexibility, experts say.

The deal will give Janney greater access to the community banking sector.

The $3 billion-plus RIA seeking scale via acquisitions.