The government called the companies’ decision to halt their combination “a victory for American consumers and small businesses.”

Nearly three decades after launching their practice, the two founders say they’re looking forward to spending more time with clients.

Whitnell & Co. changed hands in a deal with a regional bank that also struck a strategic partnership with the wealth manager.

The combination of wealth management with supporting sectors attracted investors to two major deals.

The California company, which focuses on technology companies and entrepreneurs, will make a big push into wealth management as part of the proposed acquisition.

The private equity-backed RIA agreed to purchase its first firm of the year after being one of the most active acquirers in 2020.

The firm, which has more than $3 trillion under management, runs dozens of mutual funds and was a pioneer in index investing.

The latest deal by a wealth manager for an employee services firm enables the Raymond James Private Client Group to expand its reach.

Waddell & Reed had been working in recent years to transform its “proprietary broker-dealer into a fully competitive independent wealth manager.”

The firm’s new business highlights the beginnings of a shift in the custody marketplace due to a series of consolidations.

Funding is getting tighter as advisors look towards marketing automation as an engine for growth.

The deal underlines the bank’s focus on Folio's clearing and custody capabilities, as well as its 450 RIAs.

The firm’s investment management division is bringing 55ip under its roof just two months since launching a partnership with the fintech firm.

As part of a two-step deal involving Australian investment bank Macquarie Group, LPL will pick up 900 advisors and $63 billion in assets.

Advisors will face a drastically changed industry landscape and Schwab, already an industry leader, will play an even more outsized role in the marketplace.

“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.

Executives provided advisors an update. The company has separately said it cut more than 200 retail branches at the end of last month.

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

From the fate of Veo One to account openings, here’s what Schwab’s leaders had to say.

CEO Dan Arnold cites growth in traditional channels and in recently launched models that could bring even more opportunities.