'We don't have any kind of real competition in the market," said Rajini Kodialam, Focus Financial Partners' co-founder and COO.
Model portfolios, referrals from Merrill Edge and tapping into "overlap" with Bank of America's commercial unit were driving advisor efficiencies and bringing in record numbers of new clients.
Allen Parker, the general counsel who took temporary control of the fourth-largest U.S. bank this year, is signaling willingness and even interest in staying on.
Recent legislative activity modernizes trust administration and provides opportunities for planning.
Seelaus, managers of portfolios of mortgage-backed securities, expands with acquisition of RIA Sterling Wealth Advisors.
HSA assets continue to grow, with Denevir estimating they will top $75 billion by 2020.
Move over traditional banks, credit unions and neo-banks—here’s how digital wealth management firms are doing checking and savings.
