HighTower Advisors, the RIA consolidator based in Chicago, said Tuesday that it has made an investment in Lexington, Mass.-based RIA Lexington Wealth Management.
The firm has created a new 'continuous improvement' department and invested in a new platform to collate advisor feedback from surveys, in-person interactions and social media.
Chris Flint announced his candidacy several weeks ago, saying he was running to ensure there would be more representation from firms directly offering clients financial advice.
The 12th edition of the "Robo Report" also reports that Vanguard and SigFig scored highly on overall performance among 18 analyzed robo advisor providers.
Now that legal scholars have picked over the SEC’s Reg BI rule, they say changes from earlier drafts significantly weaken standards governing investment advisors and lower protections for RIA clients.
