The mergers, acquisitions and advisor moves you may have missed the week of May 3, 2021.

In a testimony before the House Committee on Financial Services, the new SEC Chair noted the regulator would evaluate Reg BI, and "update and freshen" it if need be.

The firm has been renamed Totus Wealth Management and offers property and casualty insurance, asset management and advisory services.

Despite record M&A activity in the RIA space, Focus CEO Rudy Adolf says the industry is 'underconsolidating.'

The Financial Services Institute opposed the Labor Department's decision, arguing it would keep independent financial advisors from 'operating confidently knowing their independent contractor status is secure.'

Despite the public protests of a large investor, shareholders overwhelmingly approved the sale, slated to close this summer.

Advicent's financial planning capabilities will complement InvestCloud's existing warehouse of wealth management applications.

The Boston-based firm added 4.1 million new accounts in the first quarter, more than double the year-earlier period.