Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.

Wealth management firms are consolidating at a breakneck pace in a bid to grab wealthy U.S. clients.

The deal will push Paris-based iM Global’s assets above $24 billion and enable it to break into wealth management.

The RIA picks up 1,300 clients with $780 million in assets, underscoring feverish consolidation among wealth management firms.

The two fintechs are vying with each other and Envestnet to be advisors’ preferred digital hub.

Ascensus sold the practice with four reps and $490 million in client assets after acquiring it two years ago.

It’s a move that combines two businesses providing products and services in high demand — investment returns and retirement income, the firms said.

Questions about job losses and real estate are adding more complexity to the usual post-deal issues involving advisor retention and company consolidation.

The RIA acquired the innovative practice while bulking up its social justice investing efforts and its wealth redistribution planning services.

The first deal under new Betterment CEO Sarah Levy will net the firm 17,000 accounts and $190 million in client assets.

Wealth Enhancement Group’s second acquisition of 2021 comes as experts say there’s an “ever-increasing buyer appetite” for $1 billion-plus firms.

Despite Voyant’s success internationally, it is relatively unknown in the U.S. The TAMP plans to change that.

Pete Dorsey is the latest member of TD Ameritrade’s leadership team to part ways with the company after it was acquired by Charles Schwab.

The unit has $603 billion of assets under management and employs more than 450 investment professionals.

The agreement will expand the companies’ recruiting efforts in the bank and wirehouse channels.

A merger would value Apex and Northern Star Investment Corp. II at as much as $5 billion, a personal familiar with the matter said.

With few areas of growth in 2020, insurers are focusing on burgeoning RILAs and finding more distribution channels, experts say.

The company, which has seen headcount increase 45% since closing the deal, has eliminated more than 1,000 positions in recent months.

The private equity-backed firm’s deal could tack on some 900 advisors to its ranks.