The custodian is planning to sponsor a grassroots effort among registered investment advisers to compete with brokerages when lobbying for their profession.
In the second major adviser tech acquisition of the day, SS&C Technology said it agreed to pay $2.7 billion for Advent Software Inc., whose portfolio management software is widely used by advisers.
Keel Point partners with BlueCreek Investment Partners to form $1.5 billion firm, aiming for $5 billion.
New efforts pave the way for the firm to enter more major cities and double revenue, says founder Joe Duran.
Not long after being hired, a number of advisers serving clients in Latin America are once again searching for a new home
AMG Wealth, which has been making investments in advisory firms in recent years, kicked off 2015 with a bang: taking a majority stake in San Francisco-based Baker Street Advisors.
As competition for advisers intensifies, advisory firms are raiding each other for internal recruiting talent in an effort to get a leg up in the hiring game.
The small financial services empire of Daniel Thibeault, a well-known asset manager arrested earlier this month on charges of securities fraud, continues to unravel as the board of trustees of his fund moved to distance itself from him.
The FBI accused GL Capital Partners CEO Daniel Thibeault of creating fictitious loans to divert millions in assets to business accounts.
Regulator overturns a hearing panel's decision that would have allowed Schwab to block customers from bringing class actions.
