Brian Hughes has had a 30-year career in financial services, most recently as founder and president of wealth management consultancy Hughes Growth Strategies.

While corporate pension plans have adopted alternative investment options, such as private equity and credit, 401(k) plan managers face big obstacles to accessing the space, Cerulli survey shows.

If the SEC approves mutual fund/ETF dual shares, it might bring a big pivot for the RIA industry.

The IBD has deployed about $400 million in capital across 27 deals since launching the liquidity and succession program.  

Tru will operate as a separate entity from Sanctuary, maintaining its brand and leadership team.

The Atlanta-based RIA will acquire the $300 million AUM Money Advisor Group.

The program builds on the expertise of Caliber Wealth Management, which merged with Diversify earlier this year.

The California RIA will acquire Cedar Brook Group, a Cleveland firm with $2 billion in assets.

Dusty Sternadel pleaded guilty to wire fraud in January in connection with a scheme that stole from at least 10 clients, most of whom were elderly, according to the DOJ.