Are your custodians eyeing your clients? ‘The margins are there,’ said one RIA CEO.

Avantax shareholders will be cashed out at $26 per share and the tax-focused broker/dealer will operate as separate unit within Cetera

Fidelis Capital has hired Christopher Gunster from Bank of America Corp. as head of fixed-income strategies

The announcements came Monday as Future Proof kicks off in Huntington Beach, Calif.

Wolfsen will take over CEO Eric Clarke's role in mid-October. Meanwhile, AssetMark has named Michael Kim, president and chief client officer, as its new chief executive.

RIAs using the platform will be able to create white-label fund strategies including on private credit, equity, real estate, venture capital and infrastructure investments for high-net-worth and ultra-high-net-worth clients.

The Jack Ma-backed fintech company will use its financial large language model to power two applications known as Zhixiaobao, which answers questions for customers, and Zhixiaozhu, an assistant for financial professionals.

The ninth-annual event featured 91 awards presented to 80 companies and individuals from a pool of 253 finalists.