Industry

Despite a red-hot M&A environment in RIA land, the cost to buy a firm is not yet excessive, argued participants at Echelon Partners' recent Deals & Dealmakers Summit. Still, a market downturn could slash valuations dramatically.

The wealth-management firm’s new Zurich-based venture, with Switzerland’s Constantia Partners AG, will be called Tiedemann Constantia.

UBS announced it has raised $225 million from its private clients for the $1 billion KKR Global Impact Fund as part of a five-year plan to mobilize private wealth for public good.

The Canadian bank has acquired a family office based in St. Louis and New York. 

Broadridge makes a move to bring compliance and compensation management technology into its portfolio.

Edward Jones has traditionally measured its growth by the number of advisors on its platform; now it wants to focus more on growing clients’ assets by expanding its services.

The SEC alleged that by putting investors in higher-cost share classes, for which it was compensated, Cetera’s corporate RIA received about $5 million more in 12b-1 fees than if it had put clients in lower-fee share classes.

Left-leaning behavior by publicly traded companies is being rewarded by investors.

'All Your Worth,’ which came out in 2005 when Warren was a professor, discusses many of the same economic issues she’s running on.