Valuations for RIA firms are flattening, but the war for talent is on the rise, say two of the largest RIAs in a virtual discussion with consultant Advisor Growth Strategies.

LPL also recently added two teams to its employee advisor channel from UBS and Morgan Stanley.

Gallagher and its 90 advisors join the Advisor Group broker/dealer from Kestra.

If other publicly traded RIA aggregators are any indication, CI Financial may not get the valuation it’s hoping for, sources close to the M&A space argue.

The Canadian aggregator of U.S. wealth management firms will use the proceeds of the IPO to pay down debt.

Now that it owns a custody platform, Axos Financial is positioning itself as an advocate for small advisors.

The firm says it will not be a custodian for all; rather, it will target RIAs serving HNW and UHNW clients in need of bespoke investments and the trading chops of its global markets division, which will house the new business unit.

White, who oversaw the transformation of LPL Financial's tech stack, will not retire from the industry, as announced in August. Instead, he's joined Carson Group as chief strategy officer and will also sit on the firm's executive board.