Erik Davidson, former chief investment officer at Wells Fargo’s private bank, is joining Inspire Investing, a 'biblically responsible' investment firm, as chief economic advisor.
The top 25 fund families hold $15.7 trillion, or 82% of investors’ assets in U.S. funds, according to Morningstar.
The SEC on Tuesday charged Philadelphia investment advisor Brenda A. Smith with defrauding investors of over $100 million.
The six finalists present their products before a panel of judges next month.
The purchase of Winslow, Evans & Crocker will add 50 advisors and $2.5 billion.
Summit announced that two advisors with more than $1.5 billion in AUM will join the firm from Wilmington Trust to open the office in Harrisburg.
The team, with $300 million in client assets, has formed StrongBox Wealth and partnered with Dynasty for back-office services.