Michael Murray now reports directly to Cetera President Adam Antoniades, emphasizing the priority the firm has placed on recruiting, which faltered in 2018.

Cetera has penned an asset purchase agreement with Foresters Financial, a deal that could add up to 500 advisors.

Principal Financial Group is paying $1.2 billion for the bank's retirement business, which serves 7.5 million U.S. customers.

The self-billed "Amazon Prime for financial advisors" is cutting its monthly subscription fee, which gives FAs reduced pricing on technology, lead-generation services and health insurance.

Luxon Financial announced today that its wealth management division Cary Street Partners will join forces with Tradition Capital Management, combining $3.5 billion in managed assets.

Globally, impact investing represents over half a trillion in assets under management.