The mother-daughter team sold their practice to SageView Advisory after deciding that they needed to shed some tasks in order to spend more time with customers.

Market appreciation and interest rates have masked the "accelerating disruptions" that will yield winners and losers in wealth management.

The independent wealth management firm made its third significant deal with an insurance firm exiting the industry in the past four years.

JPMorgan Chase is claiming the founder of Frank, a college financial-planning site the bank acquired in 2021, defrauded it by vastly inflating the number of customers the company had.

Level Four Financial sees its parent accounting company and flexibility as disruptive forces for a midsize firm in a field dominated by giants.

Thomas Pacilio admitted that he hid more than $1 million in proceeds over four years from the sale of his practice to RSM Wealth.

In a transaction highlighting complex dealmaking at the start of 2023, Parallel Advisors acquired a firm then added a capital partner.

A new entity called Binah Capital is expected to be listed on the NYSE in the second quarter, despite headwinds for stocks and the waning use of SPACs.

The recruiting and M&A transactions bring another record year to the finish line ahead of an expected slowdown in 2023.

Advisor Group surpassed LPL at the top of the list, but consolidation, complexity and change remained the key themes in a highly competitive channel in 2022.

The business being sold to Madison Dearborn Partners provides trustee and administrative services to asset managers and retirement plans.

Under the deal, Dynasty also swapped equity in itself for shares in some of its "network" RIAs.

The bank is moving away from direct wealth management services in order to tap into an unmet need for many independent financial advisors, its CEO said.

The deal follows at least 14 transactions made by the consolidator this year. Other firms are expanding by forgoing M&A in favor of just recruiting financial advisors.

Royal Bank of Canada's planned acquisition of HSBC Holdings' Canadian unit would expand its lead in the country's heavily concentrated financial market, strengthening its dealings with companies and wealthy individuals, while potentially drawing scrutiny from regulators.

Choreo's agreement to buy the wealth management arm of a major accounting firm reflects how CPAs and other tax pros have emerged as a key focus area.

For several years after the breakdown of a deal to sell a practice for $3.6 million, the parties have been accusing each other of violating the terms.

The deal valued at $140 million plus earnout payments will enable the No. 1 IBD to tap into an OSJ's growth while remaining its brokerage, custodian and RIA.

While most midsize firms are folding into the largest players, the company could take an alternate path if it builds on its record recruiting.

The RIA aggregator tacked on an additional $21 million in annual revenue through just two of the transactions.