The company's assets under administration rose almost 43%, and there was a surge in the portion of new accounts opened by younger investors.
Heald Wealth Management changes firms in Wellesley, Massachusetts
Only 16% of advisers are women, while 3.8% are Hispanic, 2.6% are African American and 2.1% Asian, according to a study by Cerulli Associates and the Investment Adviser Association.
Joel Drake in Des Moines, Iowa, is affiliating through The Wealth Consulting Group, an office of supervisory jurisdiction.
The seven-person group will join its Newport Beach, California, office.
Stanley Benefit Services is based in Greensboro, North Carolina; the transaction does not include a related RIA, Fund Direct Advisors.
Connecticut-based Future Benefits Inc. serves more than 400 wealth management and retirement plan clients.
The purchase of Sullivan Bruyette Speros & Blayney will add $5 billion in AUM to the $76 billion firm.
The addition of Meridian Group gives the firm a Roanoke, Virginia, footprint
Group will join firm’s Deer Park, Illinois office in Chicago’s northwest suburbs
