The $614 billion asset manager is applying a full-court press to take advantage of an expired Vanguard patent.
Top exec says firm changed direction as platform posed too much competition for its legacy insurance side.
With inflation at its lowest level since March 2021, advisors are hoping the Fed can stop raising interest rates.
This marks the third Texas acquisition this year for Captrust, which now has 69 deals on the books.
Hedging equities with option income loses some luster, but still works for certain clients.
Acquirers say the highest-quality firms still command high valuations, while the rest are seeing new deal structures.
Emily Stead wants to be the advisor people think of when a younger person is facing a financial challenge.
As the recession outlook moves further down the road, advisors see the Fed keeping rates higher for longer, boosting the appeal of fixed income.
Consensus estimates are that the US economy will dip into recession later this year or early next year.
The founder of Macon, Georgia-based Day & Ennis, a 35-year-old RIA, cited the need to scale as a driving force behind the deal.
