The industry saw dollar hedge demand strong among ETFs, another insurer acquiring an asset manager and the second ETF provider to offer U.S. investors access to China's onshore bond market.

New York Life Insurance Co. agreed to buy asset manager IndexIQ, pushing into exchange-traded funds and adding offerings for retail investors who want to copy hedge fund approaches.

Northwestern Mutual completed its $2.7 billion sale of asset manager Russell Investments to the London Stock Exchange Group, the Milwaukee, Wis. firm announced.

The age of the startup megadeal is dawning.

U.S. Bancorp Fund Services Acquires Quintillion Limited

Goldman Sachs Asset Management(GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management(DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013

Bloomberg -- Bank of America Corp., the second- largest U.S. lender by assets, completed the merger of its Merrill Lynch & Co. subsidiary into the parent company to simplify the corporate structure.

Goldman Sachs Asset Management (GSAM) announced it has entered into an agreement with Deutsche Asset & Wealth Management(DeAWM) to acquire DeAWM's stable value business, with total assets under supervision of $21.6 billion as of June 30, 2013

Southern California-based Beacon Pointe Wealth Advisors has another notch on its belt.

The 50 largest asset managers accounted for more than US$38 trillion in assets under management at the end of 2012. This is a full US$4 trillion more than the year before, even as the biggest firms in the industry continue to enlarge, according to The Cerulli Report: Global Markets 2013.

A spike in the proportion of RIA-to-RIA deals in the first half of this year may signify that the advisory field is starting to come into its own.

Independent wealth management firm Banyan Partners is nearly doubling its assets under management to $4 billion by acquiring two firms simultaneously.

AllianceBernstein L.P and W.P. Stewart & Co., Ltd. announced yesterday that the two firms have entered into a definitive agreement under which AllianceBernstein, a global investment management firm with $444 billion in assets under management, will acquire W.P. Stewart, an equity investment manager that currently manages $2 billion in U.S., Global and EAFE concentrated growth equity strategies for institutional and retail clients, primarily in the U.S. and Europe.

Fewer RIAs this year are in the mood to sell thanks to stable growth in the markets.

Nuveen Investments announced the Board of Trustees of the Nuveen New York Dividend Advantage Municipal Fund (NAN), Nuveen New York Performance Plus Municipal Fund, Inc. (NNP) and Nuveen New York Dividend Advantage Municipal Fund 2 (NXK) approved a merger.

What summer doldrums? Focus Financial Partners, one of the country’s largest RIA aggregators, has made its second major deal in two weeks and fifth of the year, boosting its total assets to over $60 billion spread over 27 firms.

First came the big airline mergers. Now two Dallas RIAs that focus on airline pilots have combined as well.

Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.

Asset management mergers and acquisitions are on the rise and all signs are pointing to another healthy year for deal activity.

Broadridge Financial Solutions today announced the closing of its acquisition of Bonaire Software Solutions, a provider of fee calculation, billing, and revenue and expense management solutions for institutional asset managers, wealth managers, mutual funds, bank trusts and hedge funds