Industry

The growth of advisory assets is among the few bright spots in Waddell & Reed's recent earnings call, as division President Shawn Mihal continues to reinvent the legacy mutual fund firm's wealth management business.

Norman and Michael Robbins are based in Boca Raton and have $234 million in managed assets.

Advisor and OSJ manager Salvatore Dispenziere III will bring over the three advisors in his office as well as three other individual practices he supervises.

Advocates like As You Sow, Green America and Americans for Financial Reform gathered more than 18,000 signatures in opposition to an SEC proposal that would make it harder for owners to put petitions on corporate proxies.

One factor driving the rapid rise of M&A in the advisory industry? It’s increasingly the only way to grow a practice into a sustainable business, argued a trio of RIA executives at the recent TDAI conference.

The asset manager is attempting to exit its $58 million stake in the digital wealth management platform.

Despite lawsuits filed to block the deal, shareholders of Ladenburg Thalmann voted Thursday to allow Advisor Group to acquire the firm.

Partners with Drinker Biddle also covered Regulation Best Interest preparations and other regulatory topics on their 'Inside the Beltway' audiocast.

Tom Nally tells advisors gathered for the firm’s national conference it’s business as usual, even as the DOJ signals more scrutiny of the proposed acquisition by rival Charles Schwab.