LPL Financial is acquiring The Investment Center, an N.J.-based firm with about $9 billion in brokerage and advisory assets, the independent b/d announced today. LPL intends to close and convert ...

Carnegie Investment Counsel, an RIA with $4.5 billion in AUM, turned 50 this year. It got its start as part of the investment firm Prescott, Ball & Turben in 1974 and emerged as an independent RIA ...

Registered investment advisors announced more than $18.8 billion in transacted assets this week, an indication that M&A in the space has not slowed as much as some predicted. Lazard Asset ...

When CEO Tom Manning accepted the offer to run F.L.Putnam Investment Management in late 2015, he insisted that employees be given equity in the firm as a condition of his employment. At the time ...

Savant Wealth Management, a rapidly growing, employee-owned registered investment advisor based in Rockford, Ill., announced this week that it had acquired Capital Directions, an Atlanta-based ...

Registered investment advisors saw business rebound in 2023, reporting assets under management up nearly 18% during the year to a median of $542 million, according to Schwab’s latest RIA ...

Creative Planning’s acquisition of Lockton’s retirement division at the end of 2021 sent shock waves throughout the retirement plan advisor industry. Not only are Creative Planning’s wealth ...

Most RIAs can boast impressive growth in AUM without much effort. Wafting along on the happy updraft of ever-rising markets, an RIA could merely tread water and watch the firm “grow” over the ...

Torrance, Calif.-based EP Wealth Advisors has added a $660 million registered investment advisor in its home state with the acquisition of Peninsula Wealth. Peninsula Wealth has been in the Bay ...

Rise Growth Partners, the RIA investing company launched earlier this year by former United Capital CEO Joe Duran, has made its first investment in taking a minority stake in Bleakley Financial ...

A Washington-based RIA with $3.7 billion in managed assets will pay $430,000 to settle SEC charges it violated the regulator's marketing rule with its use of hypothetical performance in ads.