Industry

At its annual Fearless Investing Summit in Salt Lake City, CEO Aaron Klein also announced that the company would not become a turnkey asset management platform.

As a years-long record-breaking growth streak in M&A begins to slow, smaller RIAs are stepping up.

With the addition of the $600 million firm, Kestra is on track for its "best year ever."

The combined business will operate under The Standard brand, and include Securian's retirement solutions employees, management, client relationships and distribution networks.

The minority investment brings Valeas alongside Kudu Investment Management as the $10 billion AUM firm pursues an inorganic growth strategy.

UBS Investor Watch surveyed 4,500 high-net-worth investors in 14 countries.

Bank of America’s wealth unit posted record profits, financial planning revenue and bank loans, even as the markets tumble.

The commission charged the estate of Stephen Romney Swensen, arguing it continues to benefit from an alleged Ponzi scheme that stole from more than 50 investors and raised over $29 million before Swensen's death in June.