Mergers & Acquisitions
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Will the LearnVest-Northwestern Mutual deal lead to a culture clash?
Learnvest-Northwestern deal bodes well for fin tech firms, robos, but it's uncertain whether the financial planning service can maintain its indie culture.
$6 billion RIA Mercer sold in PE deal
Genstar Capital is buying Mercer Global Advisors, a large Santa Barbara, Calif., RIA, from former PE owners Lovell Minnick Partners. Plus: The latest ranking of fee-only RIAs by AUM
Royal Alliance acquires small independent B-D
Formerly known as First Midwest Securities, the IBD has 33 advisers and $600 million under management.
RCAP closes another independent B-D deal
Completes purchase of Girard Securities, the second independent broker-dealer acquisition in as many weeks
The robo-fication of RIA deal making
Deal making will undergo a change fueled by new technology but the most powerful approach will integrate technology and human consulting.
RCAP back on acquisition trail
RCS Capital Corp. resumed building out its retail broker-dealer network Thursday, announcing it had closed on its acquisition of VSR Financial Services Inc., a mid-sized independent broker-dealer known for selling alternative investments.
LPL adds 50 reps and advisers to banking channel
IBD inks deal with Southwest financial services company Zions Bancorporation, adding 50 reps and advisers.
Big Boston RIA Colony Group strikes again
Firm surpasses $5 billion in AUM in latest deal for $1.2 billion CapGroup Advisors.
Is there a bubble in RIA prices?
As prices soar, some consolidators back away from acquisitions, citing cost of capital.
Envestnet acquires tech company Upside
Outsourced investing platform will use Upside's portal for financial planning and investment management in effort to keep advisers ahead of robo trend.
LPL shakes up Fortigent HNW consulting group
Once restructuring is completed, the company expects $3 million in annual savings after taking $9 million charge to move Fortigent unit to corporate headquarters in Charlotte, N.C.
Stifel to acquire Sterne Agee for $150 million
$150 million acquisition adds about 730 advisers and independent reps managing more than $20 billion in client assets to the St. Louis firm run by Ron Kruszewski.
ETF outdoes hedge funds in the M&A game
In trying to capitalize on the news of mergers and acquisitions, hedge funds are being outdone by an exchange-traded fund clone.
Stifel deal for Sterne Agee would beef up IBD ranks
A potential acquisition of Sterne Agee Group Inc. by Stifel Financial Corp. would greatly bolster Stifel's presence in the independent broker-dealer industry.Stifel has 1,943 employee reps and advisers in the in the traditional employee model of retail brokerage, but only 188 in the independent
Stifel in talks to acquire Sterne Agee
A deal, which would combine two of the biggest U.S. brokerages outside of New York, could be announced within days, according to a person with direct knowledge of the matter.