The news comes as Avantax faces three lawsuits and "multiple" demand letters from stockholders asking the company for additional financial disclosures.

Convergence and the growth of new plans are beyond what RPAs can handle.

The seventh breakaway advisor to join Snowden Lane this year, William “Trey” Jones III managed $230 million at Merrill Lynch.

On an earnings call this week, CEO Kurt MacAlpine said to expect more acquisitions at a less frenzied pace than past years as the company continues to pay down debt.

AllianceBernstein is offering funding to lenders — enabling the banks to keep their most prestigious clients sweet — in return for a cut of the fees and access to their client contact books.

Advisor attrition dropped by 30% in the quarter to 4.5%, the company announced.

A host of ‘strategic’ hires and promotions were announced this week, as firms continue to focus on growth.

Hightower, Robertson Stephens, Wealth Enhancement Group, Hub International and Sikitch all announced M&A deals this week.