Last month, Seattle-based Washington Federal Bank launched its own registered investment advisor, WaFd Wealth, and recruited John Chavez, a 30-year Merrill Lynch veteran, to run the new wealth unit.

Wells Fargo Advisors has poached a $1 billion advisor team from Bank of America’s Merrill. Hyeon Kang, managing director and private wealth advisor, and a team of three advisors and one support staff ...

The legal fracas between Edelman Financial Engines and Mariner Wealth Advisors shows no sign of abating, as the rivals are pushing the judge to rule in their favor before trial while each tries to ...

Betterment, the robo advisor, RIA custodian and 401(k) plan provider, is continuing to bolster its ecosystem for mostly small, registered investment advisors with plans to launch direct indexing and a ...

Mariner has recruited an advisor team in Carnegie, Pa., from Commonwealth Financial Network. Strategic Path Retirement, led by advisors Bob Malcolm and Brian Hill, has joined Mariner Independent, the ...

UBS is suing a $1.1 billion advisory team that left the wirehouse for RBC last month, claiming they’re breaking non-solicitation vows. UBS filed a request for a temporary restraining order on Friday ...

ESL Federal Credit Union, a Rochester, N.Y.-based financial institution, has acquired Alesco Advisors, a local wealth manager and investment outsourcing business. The deal, expected to close in ...

Asset managers and advisors converged in Los Angeles this week for the fourth annual CAIS Summit—a conference that brings together many of the alternative investment platform’s users. It also serves ...

Cetera continued to bulk up the independent broker/dealer space this week by adding a 34-person team overseeing $1.8 billion in client assets that had been with insurer Northwestern Mutual’s ...

The relative underperformance of IJH is explained by its tilt toward relatively smaller-cap names rather than by differences in sector exposure. IJH, VO, and IWR all have similar sector exposures.

RIA firm owners often ask: What’s my firm worth? But the answer isn’t so simple. David Wahlen of Merit Financial industry leaders dive into the multifaceted drivers of firm valuation—including organic ...

Wealth Enhancement, an acquisitive Minneapolis-based RIA with $107 billion in client assets, has acquired XO Wealth Management, a Dallas-based independent RIA. XO Wealth was founded in 2016 and ...