WealthManagement Edge

Plus, a Los Angeles firm serving the ultra-wealthy taps a CPA from AdvicePeriod to manage multi-family office services and other reported news of the week.

With this latest acquisition, Arax now has 120 advisors overseeing more than $16 billion in assets under management and advisement.

Matthew Gotlin will lead an expanded investment team focused on tax-efficient and tech-enabled investing and research.

Key Advisors Wealth Management is the fourth firm to join Diversify Advisor Network’s new W-2 model.

After leaving Linscomb & Williams last year to launch an independent RIA that cuts clients in on profits, Harold Williams and his brother are being sued by the bank that bought their firm in 2012.

The $6 billion RIA brings trust service in-house.