The Daily Brief

Co-founded by Michael Kitces and Alan Moore, AdvicePay has picked up six more enterprise clients since its January launch.

A new academic paper, supported by the Investment Adviser Association’s Active Managers Council, argues that active managers play a role in making markets efficient.

Alexa von Tobel's venture capital firm, Inspired Capital Partners, added a $1 million investment to Kindur's Series A round.

Machine learning and artificial intelligence could help the little guys compete with the big ones.

Six in 10 advisors maintain their back office in-house, according to a new survey by FTJ FundChoice.

Carole Wentz, who has been with Bank of America's wealth management business for 24 years, is now leading the Texas Mountain South division.

The annuity allows for advisors to charge their fees, up to 1.5 percent annual average contract value, without impacting any applicable living benefit or death benefit bases.

The alternative investment marketplace just became the exclusive feeder fund service provider at Morgan Stanley.

Jed Finn, COO of the wealth management business, will also head up the new Corporate & Institutional Solutions.

Melissa Bean, chairman of the Midwest at JPMorgan Chase and a former congresswoman, will join the Chicago firm in April.