Economist Gray Kimbrough found that baby boomers collectively owned 21% of the nation's wealth in 1990, when the median boomer was 35 years old.

Mercer Advisors wants to acquire five firms by the end of the year. It's on its way with the acquisition of Adam Financial Associates.

Milwaukee-based Hogan Financial Management is the latest firm to join Creative Planning.

LPL Financial adds Gatewood Wealth Solutions from Northwestern Mutual to its broker/dealer and corporate RIA platforms.

Improvements include a reduced number of fields and better integration with data from preexisting account holders.

Commissioners Jackson and Lee are at it again, urging commenters to help the agency strengthen a new proposal on the use of leveraged and inverse funds.

Dan Carroll, founder of Wealthfront, predicted a dark future for banks and suggested the robo advisor would soon be facilitating loans.

An RIA in Pittsford, N.Y., is joining LPL Financial to leverage its growth resources and technology platform.

The accusations against Texas-based Brett Pittsenbargar follow Woodbridge owner Robert Shapiro’s guilty plea earlier this year.

The fintech startup named its first chief operating officer following a $100 million Series C capital raise earlier this year.