The purchase comes as active asset managers feel intensifying pressure to bulk up as they face stiff competition from passive and index-tracking funds.

Financial advisors’ choices about capital infusions into their practices show “how this industry needs to evolve and mature,” Merchant Credit Partners Managing Partner Rick D'Amico says in an episode of Financial Planning’s Invest Podcast.

The No. 1 IBD added Securities America’s largest enterprise, whose founder says the firm’s new private equity-backed owner made him uncertain about the future.

With marketing, reporting and the Junxure CRM, the acquisition brings much more than a robo advisor to the asset manager.

CEO Dan Arnold says the pandemic “will create some structural change across the market and the industry.”

Phased succession plans that stagger the amount of equity changing hands can help usher in the next generation of financial advisors, PPC Loan Managing Partner Dustin Mangone says in an episode of Financial Planning’s Invest Podcast.

The firm is making another targeted purchase while rivals seek to gain ground with their own deals that reshape the sector.

I am advising some clients to ladder maturities to lock in more dependable tax-free income streams — especially for those in states with high income taxes, like California.

Even as Schwab, TD Ameritrade and E-Trade attract billions in new assets, company cash yields suffered from Fed cuts.

The firms have grabbed some three-fourths of the announced incoming advisors, as the pandemic cuts into valuations and casts uncertainty.