As a years-long record-breaking growth streak in M&A begins to slow, smaller RIAs are stepping up.

Private Advisor Group President Frank Smith will take over for Moore in January, in a planned succession for the 60-year-old CEO.

With the addition of the $600 million firm, Kestra is on track for its "best year ever."

The combined business will operate under The Standard brand, and include Securian's retirement solutions employees, management, client relationships and distribution networks.

The minority investment brings Valeas alongside Kudu Investment Management as the $10 billion AUM firm pursues an inorganic growth strategy.

UBS Investor Watch surveyed 4,500 high-net-worth investors in 14 countries.

Bank of America’s wealth unit posted record profits, financial planning revenue and bank loans, even as the markets tumble.