Industry

The regulatory agency is looking to see if it should change its rules and operations to better address challenges faced during the pandemic.

Merchant has made another minority investment—this time in Miracle Mile, a Los Angeles–based RIA firm with $2 billion in assets.

The Labor Department's final rule creating an exemption for fiduciaries on certain prohibited transactions under ERISA will go into effect after the start of the new administration.

While the structure is appealing, RIA sellers often focus more on who the partner is going to be and what they bring to the table in terms of peer groups and resources. With a SPAC, a lot of those are unknown.

It was a banner year for mergers in money management as the continuing fee war squeezes margins. Don’t expect it to slow down in 2021.

The new rule allows fiduciaries in retirement plans to be exempt from certain prohibited transactions provided they adhere to a number of 'impartial conduct standards.'

The offers are due later this month.

Previously listed on the IBD's preferred vendor list, RightCapital now joins other planning tools available through the LPL platform.

The partnership with White Oak Investment Management comes several weeks after LPL purchased the broker/dealer business of Waddell & Reed for $300 million.

The change means reps will take a portion of the regulatory agency's continuing education program once a year, as opposed to every three years.