See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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The bank’s wealth management unit posted $18.6 billion in revenue, added 560 advisors over the course of 2017, and for now remains committed to the Broker Protocol.
The hidden costs of low-fee investments are a drag on retirement plans, WEX Health partners with DailyVest on HSAs and clients want a personal relationship with advisors.
Advisors have been asking Matt Sonnen, CEO of PFI Advisors, for an outsourced COO offering since he launched two years ago. He’s no longer fighting the market.
Investors Bank, with $600 million AUA, is moving to Cetera for its wealth management business and leaving INVEST, one of National Planning Holdings’ firms acquired by LPL.
Bringing R. Applegate’s $4.5 billion retirement plan and wealth management business into the fold will increase Root’s presence throughout Pennsylvania and the Midwest.