Cetera announced its first nonhybrid RIA acquisition this week, while Hightower and Wealthspire both added a billion dollars in assets and Mercer, Kestra and tru Independence all announced deals.

A new board, independent of TIFIN, has been created.

Also, Vinay Mehta was appointed CTO at Smarsh, Archer and Brooklyn Investment Group partner to provide AI-powered custom direct indexing and ReachStack launches AI-powered Advisor Sales Intelligence.

Since January, Atria has lost five recruiters, including Gary Bender, who was brought on in April 2022 as head of recruiting.

The SEC also filed charges against Douglas McKelvey, who was accused of stealing $1.7 million from the Morgan Stanley accounts of his mother and mother-in-law over a period of nearly 10 years.

Franklin Templeton adds more than $1 trillion of assets in its acquisition spree.