Investment Platforms
Get the latest news and insights on investment platforms (including digital, mobile and online platforms), and how these developments impact financial advisors, the wealth management industry and more.
CI Financial Buying $23B Chicago RIA
By Janet LevauxIt's the largest U.S. deal ever in terms of assets for the Canadian firm and its 14th since last year.
January 20, 2021
Morgan Stanley Posts Growth in Advisors, New AssetsIts financial advisor headcount grew by 482 from a year ago and from 481 in the prior quarter to 15,950.
January 19, 2021
Merrill Sees Sharp Drop in New Clients as Asset Flows WeakenIts advisor headcount, too, is down from a year ago.
January 19, 2021
How the TD Ameritrade Deal Affected Schwab's Q4 EarningsSchwab beat estimates and RIA assets topped $3 trillion in its first quarterly report after the deal, which closed Oct. 6.
January 15, 2021
RBC Adds 2 UBS Teams With $900MThe firm welcomed a new group of advisors to its Lincoln, Nebraska branch.
January 15, 2021
Wells Fargo Wealth Unit Boosts Profits, Releases More Advisor DataNew figures released by the bank include the average level of yearly revenues (fees and commissions) per financial advisor.
January 12, 2021
Ex-Vanguard CEO McNabb, Ron Carson Invest in AltruistWilliam McNabb will also join the board of the digital brokerage platform.
January 11, 2021
Mercer Acquires $815M RIA Led by Judith McGeeNews of the deal comes only four days after Mercer said it bought Atlanta Financial Associates.