Houston-based Presidio Wealth Partners is leaving with nearly half of Avidian's $4 billion in assets and aspires to reach $5 billion in five years.
UBS will see its workforce, costs and balance sheet swell next week when the Credit Suisse deal likely closes, prompting it to weigh deep cuts to staffing levels and wind down riskier assets.
As independent broker-dealers’ shift toward fee revenue continued last year, here are the firms that earned the most in fees.
Sales were strong late last year amid several ETF launches in this category, but have since slowed, according to Morningstar.
A new study shows roughly 35% of Gen Xers have less than $10,000 saved, and 18% have no nest egg at all.
Both banks have recently signaled their interest in bolstering their wealth management operations, but they can't snap their fingers and conjure financial advisors from thin air.
Todd Rosel and Larry D. Smith oversee $310 million in assets and are combining their practices to form a new firm, Integrity Wealth Advisor Group.
Marc Greenberg most recently worked at Blend, a white-label fintech that banks use to build consumer-facing digital products.
Based in Richmond, Virginia, ACG Wealth Management offers investment management, qualified plans, tax strategies and third-party administrator services.
Pittsburgh-based Clearview Federal Credit Unit has 117,000 members with more than $1.8 billion in assets.
St. Louis was the city that ranked first for overall giving, followed by Salt Lake City and greater Atlanta.
Emotionally engaging experiences will inspire interns to continue in the financial advisory profession.
Clayton took a swipe at the current leadership of the Securities and Exchange Commission for swinging too far in the wrong direction.
While some advisors choose to sell their practices and retire, others wish to remain for a specific time and work for the new owners.
Morgan Stanley at Work's third annual survey showed 66% of employees have reduced contributions to retirement accounts, up from 62% last year, particularly to 401(k) plans, long-term savings, and emergency and short-term savings.
The case, which is seeking class status, also names Fidelity and Financial Engines as defendants.
Newport, Kentucky-based Hoff Bujnoch & Associates is led by Digger Bujnoch and oversees $150 million in client assets.
The multicustodial open architecture platform promises to connect the various applications advisors use to service clients.
At the end of April, The Retirement Planning Group had 14 advisors and 40 employees.
The additional investment from Altas Partners pushes Mercer's valuation past $3 billion.
