Blackrock
BlackRock Takes Minority Stake in Options Overlay Provider SpiderRock
Jul 13, 2021
The investment in SpiderRock Advisors adds to BlackRock’s personalization and tax management capabilities for SMAs and builds on its acquisition of Aperio.
New York Attorney General Letitia James
TIAA to Pay $97 Million to Settle Retirement Account Rollover Accusations
Jul 13, 2021
The settled charges come after a pair of investigations by the New York state attorney general and the SEC, who both argued TIAA-CREF pushed investors into managed accounts with higher fees.
steward-partners-sign.jpg
Steward Partners Recruits $1B in AUM in Six Weeks
Jul 13, 2021
With new capital backing from the Pritzker Organization and Goldman Sachs custody, Steward Partners has boosted its recruiting, adding seven advisors in six weeks.
Morningstar
Morningstar Enters Risk Wars With Launch of Risk Ecosystem
Jul 13, 2021
Morningstar is facilitating direct indexing with its latest risk metric toolkit, Risk Ecosystem, a mix of PlanPlus financial planning and FinaMetrica risk evaluation.
RIA Edge Podcast with Mark Bruno
M&A and Marketing Strategies for Driving 'Intentional Growth': Allworth Financial's Scott Hanson
Jul 13, 2021
In this first episode of the RIA Edge podcast, Scott Hanson, co-founder and senior partner of Allworth Financial, talks about how he was able to grow his business into a national RIA with roughly $11 billion in assets through a range of...
LPL Financial sign
Honolulu-Based Pacstar Financial Group Moves to LPL
Jul 12, 2021
Advisor Alan Kodama exited Ameriprise Financial for LPL Financial, citing additional resources and lower-costing investment options as reasons.
Kestra sign
Kestra Firms to Pay $10M for Failing to Disclose Compensation
Jul 12, 2021
According to the SEC, the affiliated broker for Kestra Advisory Services and Kestra Private Wealth Services received compensation when clients' assets were invested in certain mutual fund share classes.
Fidelity
Fidelity Digital to Expand Staff by 70% on Strong Crypto Demand
Jul 12, 2021
The unit of Boston-based asset manager Fidelity Investments Inc. plans to add about 100 workers in technology and operations in Dublin, Boston and Salt Lake City.
This Week in Wealth Management Deals
This Week in Wealth Management Deals
Jul 09, 2021
The advisor moves and acquisitions you may have missed the week of July 5, 2021.
HUB International to Acquire $4.6B Trusted Capital Group
HUB International to Acquire $4.6B Trusted Capital Group
Jul 08, 2021
HUB International will expand its retirement and private wealth division with the purchase of TCG.
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