Industry

Kristen Kimmell is Executive Vice President, Business Development, Advisor Group

Franklin Templeton's announcement it will buy Lexington Partners, a private equity fund manager, for $1.75 billion, comes on the heels of T. Rowe Price's $4.2 billion purchase of Oak Hill Advisors.

LPL Financial has been adding advisors via Strategic Wealth Services, its W-2 employee model and its relaunched RIA custody offering.

Bank of America's overall roster of wealth advisers slumped to 18,855 in the third quarter, down 8% from a year earlier.

For the right firm, the high price tags are appropriate given the growth trajectories. 'If you can acquire a firm and increase the profitability and make them grow faster, you can pay more,' said David DeVoe, speaking at the DeVoe & Co. 2021 M&A+...

The order concerning Lexion Capital Management comes one week after the commission claimed a Syracuse-based firm failed to file and deliver its form to the SEC and clients.

Oak Hill Advisors, one of the biggest players in alternative credit, oversaw $53 billion as of July 31.

Think about the needs and current financial situations of the clients you want to attract for the long-term.