Citing a robust pipeline of potential deals, the aggregator raised its debt level to $2.4 billion in order to stay active in the M&A space.
Establishing a national trust charter has been a priority since CEO Bob Oros took over in January 2019. The new Hightower Trust Company is expected to be open for business later this year.
A sensational report arguing that the wealthy don't pay their fair share of income taxes starts to crumble when percentages are replaced with real money.
Less than three years after the asset manager set the bar at zero fees for a suite of index funds, it has seen assets in the four funds grow to nearly $18 billion.
Inflation is the major focus of market watchers thanks to a host of unique and unfamiliar circumstances that include record government stimulus spending.
Two new Invesco ETFs track tech indexes abandoned by iShares ETFs; Invesco is also waiving fees on the new funds for six months to entice investors.
Shrugging off the once-coveted, three-year performance record, advisers are pouring billions of dollars in assets into funds with untested histories.
Atlanta-based Stewardship Financial Advisors will be rebranded as Captrust; deal also gives Captrust access to Stewardship's estate planning law firm, which remains a separate entity.
After a brief introduction from Pershing chief executive James Crowley, the event relied on scholar, author and celebrated TED talker Adam Grant to break the ice by helping advisers become better business leaders.
Head of Schwab Advisor Services Bernie Clark gave progress updates, while unveiling the firm's annual Independent Advisor Survey Outlook. Results showed sweeping adviser optimism and lessons learned from 2020.
