In a move that should accelerate the convergence of wealth and retirement at work and concern all RPA aggregators that lack a robust wealth management practice, Creative Planning has acquired Lockton’s retirement division. The transaction, which marks the first time ...

Military veterans working in wealth management have a ready-made market niche because of the myriad and nuanced issues and benefits that are unique to members of the military and their families. “Being a veteran became an interesting touch point for ...

Growth with added complexity is the future for custodians who hold the assets for registered investment advisers, according to a panel of top industry executives, as RIA clients look for increased access to alternative assets, digital currencies as well as ...

The convergence of wealth and retirement at the workplace is obvious to defined-contribution plan sponsors, providers and RPAs — but that message hasn’t reached wealth managers and RIAs. The workplace seems to be an obvious means to acquire new wealth ...

In its fifth acquisition of the year, MAI Capital Management, a Cleveland-based registered investment adviser managing $11.8 billion, has bought Storey & Associates, a North Canton, Ohio-based RIA managing $230 million. [More: MAI Capital Management acquires $500 million RIA] Harlan ...

OneDigital Investment Advisors, an Atlanta-based registered investment adviser and a wholly owned subsidiary of insurance broker OneDigital, has acquired Praxis Consulting, a Sacramento, California-based retirement plan consulting firm that manages $350 million in assets, including $240 million in plan assets. ...

Fidelity institutional announced that it will be the first major clearing and custody business to offer financial advisers access to fractional shares for stocks and exchange-traded funds. There are currently six advisory firms participating in a pilot program using fractional ...

When defined-contribution aggregators were asked whether RPAs who remained independent could survive, the answer from most of the attendees at the March 2018 InvestmentNews DC Aggregator Roundtable was “yes,” but that it would be difficult for them to grow. These ...

Mariner Wealth Advisors will add nearly $1 billion in assets under management with the acquisition of Allegiant Private Advisors, based in Sarasota, Florida. Allegiant serves nearly 500 clients that combine for approximately $911 million in AUM, according to its latest ...

With most bonds offering next to nothing in terms of yield, Innovator Capital Management is hoping its new “bond alternative” ETF will strike a chord with risk-averse income investors. In the same vein that the ETF provider has become known ...