Industry

Rowland Carmichael Advisors' appeal is a retirement plan business that Mercer will add to its $2 billion ERISA services.

The investment in David Lau's firm demonstrates confidence in the market for commission-free annuities in the RIA channel.

The acquisition provides a succession plan for the founding partners of BAR, which has 300 advisors and $4 billion in assets under management.

One day after merging with Independence Advisors, Modera Wealth Management sold a minority stake of its firm to Tria Capital Partners.

The former Merrill Lynch team, led by advisor Lars Olson, wanted to stay in Marion, Ohio, to be part of the town’s revitalization, so they decided to go independent with Sanctuary Wealth.

Signature Bank, the New York lender that’s long catered to the Trump family, also is closing two personal accounts in which the president held about $5.3 million.

Here are the breakaways, mergers and acquisitions announced the week of January 4, 2021.

Thrivent Advisor Network is now a member of the protocol, which allows departing advisors to take certain customer information and solicit customers regardless of whether they had agreements that expressly prohibited such conduct.

Wells Fargo advisors will no longer be able to service clients abroad, according to a company memo.

The Focus Financial RIA acquired Watterson Financial Planning, establishing a foothold in Great Britain.