Under Pressure, LPL Cuts Fees on Corporate RIA Platform
The news comes on the heels of more departures of reps acquired from LPL's purchase of NPH.
Banks Gobbling Up RIAs as Consolidator Field Shrinks: DeVoe
The number of deals is up in the first half of 2017, but the average asset level of the M&As makes a steep decline.
Wells Fargo FiNet Adds 2 Merrill Teams in California: Recruiting Roundup
As the bank's recent data leak grabs headlines, Dynasty Financial brings on one of its former reps and staff.
Arkadios Capital Nabs $1.8B Triad RIA, LPL Grabs $420 Merrill Team
Meanwhile, Kovack Securities buys broker-dealer with $200 million and seven advisors.
Dynasty Rolls Out New Funding Plan for RIAs
Called revenue participation notes, the liquidity options lets advisors raise funds without selling their practices.
Nationwide completes Jefferson National acquisition
The addition of Jefferson National’s 4,000 RIAs and fee-based advisors makes 'for a perfect complement' to the insurance carrier’s distribution force.
Growing RIA Grabs $160M Group in SoCal
Mercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
Focus Financial Says ‘Howdy, Partner’ to $800M RIA in Texas
CFO4Life worked with LPL Financial for six years and then "felt it had outgrown LPL’s model."
RIA Buyers Getting More Selective: Fidelity M&A Report
But a “gulf” remains between sellers and buyers on firms’ valuations, says David Canter of Fidelity Custody & Clearing.
Raymond James Grabs $170M Morgan Stanley Rep: Recruiting Roundup
Meanwhile, an RIA strikes out on his own; State Street and Eaton Vance share executive news.