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.

Cedar Capital CEO Paul Ingersoll says he is confident in his firm's decision to acquire F-Squared's remaining assets, despite its past problems with the SEC.

Huntington Bancshares in Columbus, Ohio, has agreed to sell its fund-servicing business, Huntington Asset Services, to Ultimus Fund Solutions, a provider of back-office and other services for small and midsize advisers.

BlackRock has agreed to purchase an $87 billion money-market fund business from Bank of America as it builds scale in an industry grappling with new regulations.

Almost half of the $75 billion buyout loans arranged in the U.S. last year and tracked by Bloomberg in the secondary market are trading below their issue price.