For every dollar of AUM, 71 basis points in revenue were generated, down from a recent peak of 78 bps.

New offices in Cincinnati and Cleveland come on the heels of last year’s expansions into New York City, Houston and Dallas.

FactSet, the new primary market data provider for Merrill Lynch’s 15,000 wealth management brokers and employees, replacing Thomson Reuters.

SoFi projects that it will be profitable again by the end of the year.

The bank has been dealing with scandals since 2016.

Landsberg Bennett Private Wealth Management’s partners cited the technology and tools available to independent RIAs as a reason to leave FiNet.

A plan to limit bad sales incentives doesn’t give investors the protection they need.

The median operating profit margin for target-focused firms was 18 percent higher than others and the median annual client growth was 35 percent greater.

The changes could make the company more attractive to advisors looking for the cheapest, broadest market exposure.

Carson Group adds dedicated chief marketing officer, acquires a marketing firm and outlines details on its quest to become a national brand.