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 ...

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 ...

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 ...

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 ...

Alternative asset manager Hamilton Lane launched a new venture capital and growth fund to join its broader $10 billion AUM evergreen products. The Hamilton Lane Venture Capital and Growth Fund (HLVCG) ...

The platform digitizes some of the private market investment processes and helps match investors with curated investments “while leveraging blockchain and asset tokenization to enhance transparency, ...

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 ...

Recent assertions that M&A activity in the registered investment advisory space is not, in fact, slowing appear to have been borne out yet again this week as more than $140 billion in transacted ...

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 ...