The custodian had been a key player in the growth of the independent channel.

The newly combined firm is expected to transform the independent marketplace in terms of technology, talent and RIA choice.

The combined company would become a $2 trillion RIA custodian.

The firm is maintaining control but dropping its FINRA registration as the sector’s rising expenses and lower margins fuel consolidation.

The independent firm has been an aggressive recruiter since its founding in 2013.

“I would not be doing my job as somebody that is totally committed to making our Americas’ business a top competitive business for Julius Baer if I wasn’t seriously looking at a U.S. platform,” said Beatriz Sanchez, the bank’s head of the Americas.

Talk about European banking consolidation has been heating up as the coronavirus pandemic adds to challenges such as negative interest rates that have weighed on profitability for years.

Funds that buy debt backing sustainability matters grew 12% from the end of 2019 globally, reaching a record $209.5 billion of assets, data show.

It could be a “better together” scenario for retiring sellers and under-55 advisors alik

The father-son practice with two other advisors switched their affiliations after its founder had spent 18 years with New York Life.

The aggregator thinks it’s found a sweet spot sharing revenues with firms it acquires, says CEO Bob Oros.

The alternative asset manager said it has $77 billion in cash, securities and other available capital, including uncalled capital commitments from clients.

With higher compensation offers and a track record of independence, the No. 1 IBD is “challenging the status quo,” its head recruiter says.

The firm is still determining which other pieces of technology it will retain after acquiring its rival.

New opportunities and wise practices can maximize the value of your clients’ — or your own — company.

The independent broker-dealers big enough to serve the most financial advisors enjoy advantages but face distinct challenges.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.

The latest roundup of 32 IBD affiliation moves, M&A deals and expert studies reveals the mixed impact of the coronavirus.

The two companies have deep ties and are now formalizing the bond.

Its rivals have been building out their own insurance arms in recent years and have brought on executives who can help them attract more business.