Mergers and Acquisitions
Learn the latest on dealmaking in wealth management and financial services, including the latest mergers and acquisitions news.
CI Financial to Split U.S., Canada Units as Debt Concerns Rise
By Layan Odeh | Derek DecloetThe IPO of the U.S. wealth management business will happen "when the market conditions present themselves," said CEO Kurt MacAlpine.
November 03, 2022
TIAA Agrees to Sell Its BankThe bank is being sold to Reverence Capital and others, so TIAA can focus on its retirement and asset management services.
November 03, 2022
LPL to Buy a $40B Branch Office With 800 AdvisorsThe deal is structured as an equity purchase and includes $140 million to be paid at closing.
November 02, 2022
Schwab Considers Loan Options for ClientsOne goal is to prevent advisors from introducing other firms into the client relationship, the company says.
November 02, 2022
BD Deals: When Do Advisors Win, Lose?The size of the firm being sold and of the acquiring firm can make a big difference in advisor retention.
November 02, 2022
Blucora to Change Its Name, Sell TaxAct Software BusinessThe firm will rebrand itself as Avantax, a pure-play, tax-focused BD and investment advisor.
October 28, 2022
Schwab Sets Date for TD Ameritrade Platform ConversionSchwab's Tom Bradley also said most TD Ameritrade advisors will be able to keep their service team.
October 24, 2022
Cetera Takes Minority Stake in $2.5B FirmCetera has made an unspecified investment in CCR Wealth Management, based in the Boston area.