United Capital Financial Advisers announced its first deal since the launch of FinLife Partners last month, a white-labeled version of its software package. The firm has acquired HFI Wealth Management, a Shepherdstown, W.Va.– and Winchester...
Minneapolis-based Wealth Enhancement Group, the registered investment advisory firm bought by private equity company Lightyear Capital last April, has made another acquisition, thanks to the help of its parent company...
Swiss bank UBS is planning to merge large parts of the back and middle-office functions at its wealth management business, resulting in workforce reduction, the Financial Times reported, citing people familiar with the plans...
LPL Financial announced net income of $50 million, or 56 cents a share, for the first quarter, beating analysts’ expectations by 12 cents, according to Seeking Alpha. That’s a slight decline from $51 million, or 52 cents a share, a...
Despite the trouble its parent company RCS Capital (RCAP) is currently undergoing, Cetera Financial Group announced Wednesday that one of its member firms, Cetera Advisor Networks, recruited Empire Asset Management group, a hybrid practice...
(Bloomberg) -- Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. The stock fell in early trading in New York...
Not that long ago it was enough for an independent broker/dealer (IBD) to provide their advisors with basic clearing and custody and mandatory regulatory oversight. But today, with so many broker/dealers to choose from, advisors have come to...
NFP will sell a majority stake in its independent broker/dealer NFP Advisor Services to Stone Point Capital, a Greenwich, Conn.-based private equity firm that invests in financial services companies...