Industry

Brown Wealth Management’s acquisition of Truuwater Financial forms a $1.2 billion in AUM San Diego firm.

Independent advisors are gaining ground on their bank-based peers when it comes to loans and cash management tools, improving the client relationship—and keeping those assets closer to home.

Cetera's acquisition of Voya's financial planning channel is expected to moderately increase the firm’s leverage, but not enough to change S&P Global Ratings' credit outlook.

The Investments & Wealth Institute is readying the launch of a financial professional community open to both IWI and non-IWI members.

The cuts are part of Schwab’s “continuing efforts to reduce overlapping or redundant roles across the two firms,” according to a company spokeswoman.

For vendors, virtual conferences stink.

DeLynn Zell left the brokerage world in 2008 to launch an RIA that has grown 17% year over year to $2 billion in AUM. "we could sell this firm by Friday," she jokes, but she and her team want to build a legacy business for the next-generation of...

According to the SEC complaint, the defendants would raise funds from clients without investing them, and would often use them to pay for personal expenses.

The 900 Voya advisors won't have to repaper client accounts, and Cetera will offer some form of transition assistance to retain them.

The deal, backed by Cetera's private equity parent Genstar, would likely be for Voya's brokerage network and client assets.