The Daily Brief

Aite Group predicts traditional full-service wealth management firms and discount/online brokerages will likely capture the bulk of the robo-advising market over the next five years.

LPL Financial is buying Florida-based Allen & Company, a broker/dealer and RIA with 30 advisors and $3 billion in assets under management.

A new report from Morgan Stanley and Botoff Consulting finds that most single family offices still prefer discretionary bonuses to formalized annual incentive plans.

The Richmond, Va.-based team was looking for a broker/dealer with comprehensive trust and banking services in house.

The SPARK Institute's classroom and online programs for retirement plan advisors and providers will be available on The Retirement Advisor University's learning platform starting Jan. 1

Eager to provide its advisors with better connectivity, Waddell & Reed is building a desktop "hub."

The acquisition marks the fourth for Dakota since its formation in 2018.

Wealth advisors Bruce Tenenbaum and Andy Lam join the firm from UBS Private Wealth Management; it is the latest move in Rockefeller's regional expansion.

Peter Heilbron of Trace Wealth Advisors said he was drawn to LPL's technology and new fee-only option.

Institutional asset manager LaSalle Investment Management is launching a closed-end fund on Artivest’s alternatives platform.