The lines between stockbrokers and RIAs are beginning to blur.

While increasing efficiency through outsourcing helps a financial advisor's bottom line, it does not make them feel any less stressed, according to findings from two studies.

The recruitment tool and marketplace for buyers and sellers of wealth management firms also plans to connect investors with advisors this year.

The firm, founded by one of Wall Street's gay female pioneers, is recognized for its advocacy, inclusion and diversity.

The RIA makes its first purchase, but it's not in the Northeast or the South.

The FTC and SoFi resolved a government complaint, issued in October, around the firm's student loan advertising.

For now an IPO is off the table, but Warburg continues expanding its U.S. wealth management presence.

Bank of America will also drop the U.S. Trust name from its private bank.

Ben Brigeman, nonexecutive chairman of the board of directors, will take over as interim CEO, according to sources close to the firm.