Industry

Investment banking source said Atria Wealth Solutions was talking to larger private-equity players.

Mooney Lyons Financial Advisors has $320 million in managed assets with four advisors.

The partnership with Dunston Financial Group is Moneta's second move into the Denver area in two months, marking the first expansion out of St. Louis in the company's history.

Legacy Investment Planning will be able to access clearing and custody services from INTL FCStone as a result of the partnership.

The new changes will go into effect on Oct. 7, the same day Charles Schwab sets its commissions at zero and days after TD Ameritrade does the same.

As trading commissions can fall no further, analysts see consolidation on the horizon for the discount brokers and RIA custodians. Will TD Ameritrade buy E*Trade? Who will buy TD Ameritrade?

The second annual report released by the regulatory agency showed that the number of registered representatives entering the industry rose for the first time in several years.