Ex-Wells Fargo broker Perry Mattern said the freedom to access better technology was the draw to leave the brokerage and join the bank's new RIA business, and he was willing to leave $50 million behind at the brokerage to get it.
It's the first deal HighTower has done since Bob Oros became CEO.
A combination of cash, earnings from sellers and leverage has primed the independent firm for deals in this year.
The financial services industry is failing women—not just as investors but also as employees. Now's the time for everyone to move forward.
Morgan Stanley will spend $900 million for stock-plan administration company Solium Capital Inc.
Foster Dykema Cabot & Co. is the latest wealth manager to join the publicly traded Focus, a firm that had 21 such deals in 2018.