The government reopening is just a temporary reprieve, and advisors looking to go independent may want to consider other options beyond SEC registration, in case another shutdown occurs.

The acquisition of the $500 million Summit Planning Group is the second foray the firm has made in Wisconsin in a bid to become a nationally branded RIA.

Wells Fargo has made 10 big-ticket hires over the past two years to prove it has changed. Previously, it historically promoted from within.

Clients pulled about $8 billion from the wealth unit in the fourth quarter of 2018 as financial market volatility pressured both stocks and fixed-income assets.

As the economic impact of the shutdown grows, Betterment is offering affected federal employees free financial consultations.

The New York-based independent RIA will be called Opal Wealth Advisors.