The former United Capital and Goldman Sachs executives who founded the new RIA consolidator chose Kansas City as the location for their first anchor office.

Advisors managing over around $2.5 billion of assets moved since the start of the week, joining employers such as UBS and Wells Fargo, as some doubt their prospects at the former First Republic under new owner JPMorgan Chase.

The support firm for RIAs sees opportunities to position itself between buyers and sellers of firms.

The deal marks the second this year for the multi-family office, which picked up a new private equity infusion two months ago.

Betsy Jo Merritt accused regional directors of undermining her succession plan and causing the loss of millions of dollars in damages.

The deal reflects the giant Canadian asset manager's altered approach to expanding in the U.S.

CEO Jamie Price pledged that the consolidation would not prompt "a repapering event" and the firm will work to make the transition as easy as possible.

The outflows and expected losses this year at key businesses such as wealth and investment banking highlight the risks for UBS of its planned integration over the next four years.

The founder of a firm that reportedly worked with 13 of the past 15 Super Bowl halftime performers says the transaction undercut the monetization of his company.

CEO David Solomon sees potential for business in the wake of a merger involving two of its rivals for business among the ultrawealthy, he told analysts.