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A Georgia-based advisor is also moving from Edward Jones to Raymond James’ independent advisor channel.

Financial Planning and Information Services represents Hightower’s fifth investment this year and follows news last week that it will take a majority stake in NEPC, an institutional consulting firm.

The company, which launched in early 2024, has raised $21 million to date for its automated research agent product.

The two public-private fixed-income funds are the first products of the partnership the firms announced in May.

Ninety-two percent of firms surveyed by the ACA Group and National Society of Compliance Professionals have no policies in place for AI use by third parties and service providers.

Boca Raton-based Wealth Empowerment Financial Strategies joins Kestra Financial from B. Riley Wealth Management, which is reportedly in talks to sell to Stifel.

Mercer Advisors collaborated on the design for 18 months as an anchor customer; 60+ firms have since been added during the beta period.

The annual report from PwC and the Urban Land Institute predicts a slow and gradual recovery for U.S. commercial real estate.

Citigold plans to hire 150 advisors over the next two years to fill out bank branches in six affluent markets.

In a newly released white paper, the organization recommended that the Board allow certificants at SEC- and FINRA-registered firms to be considered compliant with CFP rules.