Mergers and Acquisitions
Learn the latest on dealmaking in wealth management and financial services, including the latest mergers and acquisitions news.
Schwab's October Asset Flows Plummet
By Janet LevauxThe firm recently trimmed about 5% of its workforce, laying off roughly 2,000 employees.
October 04, 2023
Cetera Picks Up More Funding From Major InvestorThe news comes a month after Cetera said it was buying Avantax.
October 04, 2023
Hightower Lays Off About 5% of StaffThe company cited an "ongoing strategic realignment."
October 03, 2023
Creative Planning Adds $1.4B Advisory FirmThe acquired RIA firm, based in Berwyn, Pennsylvania, is focused on helping clients with business succession planning.
October 02, 2023
Envestnet, Orion Cutting JobsEnvestnet cited "macroeconomic headwinds," while Orion said it was culling "duplicative" roles after acquisitions.
September 27, 2023
Wealthspire to Buy $3B RIAThe acquisition will expand Wealthspire's East Coast footprint, the firm says.
September 27, 2023
What Cetera's $1B Avantax Deal Means for the Future of Advice: MyVest CEOThe acquisition highlights intense consolidation and a deeper focus on tax-aware planning, he says.
September 25, 2023
Schwab Call Center Woes Plague RIAs After TD Ameritrade Move"I can tell you the company line from Schwab is very misleading," one advisor said.