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Mercer Buys Two RIAs with a Combined $1.6 Billion AUM

Mercer Global Advisors Inc., a registered investment adviser, has acquired McGee Wealth Management Inc., a firm located in Portland, Oregon with approximately $815 million...

Captrust Expands into Southwest Market with Latest RIA Purchase

Captrust Financial Advisors, an independent registered investment advisor, has purchased Phoenix-based MRA Associates, a 59-person firm with $3.3 billion in assets under management. Financial...

LPL Financial Recruits Former Kestra Team

LPL Financial LLC, the nation’s largest independent broker-dealer, has added Florida-based FDR Financial Group Inc. to its broker-dealer and corporate RIA platforms, leveraging LPL...

Hightower Completes Largest RIA Purchase in 12-Year History

Hightower, a registered investment advisor, has purchased Bel Air Investment Advisors LLC, a Los Angeles-based RIA with $8 billion in assets under management, from...

Voya to Pay $23 Million to Settle SEC Charges

The Securities and Exchange Commission has ordered Voya Financial Advisors to pay nearly $23 million to settle charges that it breached its fiduciary duties...

LPL Financial Recruits Financial Advisor from J.P. Morgan Securities

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisor Bryan Schneider to its broker-dealer and corporate RIA platforms, leveraging LPL as...

SEC Adopts Modernized Marketing Rule for RIAs

The Securities and Exchange Commission has finalized reforms under the Investment Advisers Act to modernize rules that govern investment adviser advertisements and payments to...

Concorde Investment Services Hires Due Diligence Officer

Concorde Investment Services LLC., a full-service broker-dealer, has hired Amy Gunter to serve as the company’s due diligence officer where she will analyze and...

Wealth Enhancement Group Continues RIA Buying Spree

Wealth Enhancement Group, an independent wealth management firm backed by TA Associates, has agreed to purchase Financial Wealth Management, a hybrid registered investment adviser...

LPL Financial Recruits Advisor from Wells Fargo

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisor Joe Mastroianni to its broker-dealer and corporate RIA platform. He is aligned...