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 ...

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 ...

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.

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 ...

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 ...

The RIA business of Strive Asset Management (the financial firm co-founded by former presidential candidate Vivek Ramaswamy) has new life after spinning out as Thryve Wealth Management, which launched ...

Bryn Mawr Trust, the wealth management division of WSFS Financial Corporation, hired a chief operating officer and promoted three internal employees to bolster its team. Bryn Mawr, based in Wilmington ...

Features on Estate Planning & Taxation, The Modern Practice and Family Businesses ...

Main Street Financial Solutions, a Newtown, Pa.-based RIA with $2.5 billion in client assets, has launched a three-person RIA of former wirehouse and broker/dealer employees based in Malvern, Pa., ...

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.