Industry

David Chubak says the firm hopes to attract so-called “break-back brokers” who are coming back from full independence.

Kate Swimley was hired this month to cover the ultra-wealthy for Apollo’s family office business after almost a decade at BlackRock.

Mills was replaced by Jonathan Leach, previously deputy head of Citigroup’s investment management division after earlier serving as head of investments for North America.

Minority investment will support succession and technology initiatives for the Austin-based institutional asset manager.

But the wirehouse has increased expense allowances for all advisors and reduced incentives for mortgage referrals.

Mariner Wealth Advisors' claims follow Edelman Financial Engines' lawsuit filed last month accusing Mariner of recruiting Edelman advisors, and helping them break non-solicitation agreements.

Apex has filed a registration statement today with the SEC for an initial public offering. It's the firm's second attempt after a SPAC deal fizzled out a year ago.

Altruist is also building out an integrations marketplace, with detailed profiles of each vendor and reviews from existing customers.

The Portland-based firm sets up shop in Philadelphia to expand support services following a year of record growth along the East Coast.