The advisors are leaving Wells Fargo, where they advised $126 million in client assets.

The new app is designed to act “much like a financial advisor.”

Although the fiduciary rule is dead, its spirit and intent will live on.

SEC Chairman Jay Clayton is holding roundtable discussions regarding the agency’s best interest proposal.

Cook will serve as president and CEO and join the RIA’s investment committee.

Only 36 percent of stock-picking managers survived or outperformed their average passive peer over the past 12 months, according to Morningstar data.

One of the managing directors has been in the industry more than 40 years.

Culturally, it was “probably one of the easiest deals in the world.”

The cuts are global and range across several businesses in the group.

The private equity-backed RIA is adding team members to support dozens of deals in the works.