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Through Merchant Investment Management, RIAs that custody with Fidelity will have access to discounted private loans to use for acquisitions. It's a "game changer," said Fidelity's David Canter.
Only a small percentage of SEC-registered advisors use the language the agency approved Wednesday in describing their fiduciary duties, and those advisors are more likely to offer conflicted advice, according to a study by Commissioner Robert...
According to a survey of advisory firms by TD Ameritrade Institutional, growth in assets slowed considerably last year thanks to the market downturn, yet financially, firms remain strong.
The former Luminous team recently broke away from First Republic, proof that in the world of RIA M&A, the advisor, not their acquirer, holds the cards and there’s often a culture clash with banks.