The acquisition furthers Captrust's hold in the retirement plan space, now at over $600B AUA.

Iconiq Capital counts Facebook's Mark Zuckerberg and Sheryl Sandberg, as well as Twitter's Jack Dorsey and LinkedIn's Reid Hoffman, as clients.

Goldman Sachs' Marcus platform features ETFs that focus on traditional stock and bond benchmarks, impact investments and smart-beta products designed by Goldman.

The resulting entity could be valued at as much as $5 billion.

The wealth management deals for the week of February 8, 2021.

Long asked for by advisors, Betterment introduces model portfolio feature, plus news from MGP, MaxMyInterest, Alto and Pulse360.

Sometimes acting as a fiduciary means risking the loss of a client.

However, the Labor Department stressed that there would be "related guidance" released in the coming days, and would continue to research how the fiduciary exemption could be improved.

Of the 559 companies that have gone public in the U.S. over the past 12 months, only two, aside from Bumble, were founded by women.