The goal is to bolster mentorship and paid internship opportunities for high school and college-age students from underrepresented backgrounds in the financial services field.

'It’s great that PE is involved with our business as a validation of sorts, but I think the thesis is wrong,' said Phil Fiore, CEO of Procyon Partners, a Dynasty partner firm.

Hightower’s deal with Los Angeles–based Grant Tani Barash & Altman brings personal CFO services to the firm’s advisors, the next step in creating an end-to-end family office model.

The suit seeks unspecified damages for “wrongful, felonious and tortious conduct.”

Malls are in demand again, but different investors buy them for different reasons.

In buying Wealthfront, UBS is expanding its clientele to a broader base.

In recent weeks, LPL also has welcomed new independent practices from advisors departing Wells Fargo, Commonwealth and Morgan Stanley.