Rowland Carmichael Advisors' appeal is a retirement plan business that Mercer will add to its $2 billion ERISA services.

The investment in David Lau's firm demonstrates confidence in the market for commission-free annuities in the RIA channel.

Jennifer Barry joins former execs from J.P. Morgan, Northern Trust and Deutsche Bank at Gary Hirschberg's Chicago-based RIA.

The acquisition provides a succession plan for the founding partners of BAR, which has 300 advisors and $4 billion in assets under management.

The Obama-era administrator is a Democratic favorite and already leading Biden's transition efforts.

One day after merging with Independence Advisors, Modera Wealth Management sold a minority stake of its firm to Tria Capital Partners.