The asset management industry's involvement in the digital advice space continues to deepen, as firms focus on providing institutional solutions for advisors.

Sometimes it’s OK to put aside gathering more assets and building a client base, says columnist Glenn Kautt.

The move broadens its line of digital advice offerings to better serve a variety of clients, says Pershing Advisor Solutions CEO Mark Tibergien.

One of the industry's largest aggregators now has around $15B in AUM.

"We anticipate rapid growth within the Texas market,” says Jeff Dekko, CEO of Wealth Enhancement Group.

“Our growth is going to be organic,” says Raymond James Financial CEO Paul Reilly, who adds that he has “concerns” about the DoL rule.

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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.