Industry

Election season, economic instability and inflation, artificial intelligence and succession planning top the list.

The sector is one of the most leveraged in the private markets universe.

The new programs are part of an effort to attract more high-net-worth clients with broader offerings.

Mercer Advisors, Savant, Beacon Pointe and Credent are among the RIAs announcing acquisitions on Tuesday.

Josh Hederick filed his complaint in North Carolina federal court, alleging that Edelman’s litigation record means he can’t trust they’ll work with him on his departure “in good faith.”

Bettinger, who turns 65 next year, has led Schwab since 2008. He’s handing the role to President Rick Wurster.

In addition to a new color scheme, logo and updated website, there will be a drive toward hyper-personalization and management of alternative investments.

CEO Peter Mallouk will keep his majority stake and continue to lead the firm. TPG will join General Atlantic, which made its own minority investment in the firm in 2020.

Private bankers and retirement planners will increasingly use AI to invest and even communicate, but the human element will always be crucial.