Advisor Channels

The Canadian bank has acquired a family office based in St. Louis and New York. 

Edward Jones has traditionally measured its growth by the number of advisors on its platform; now it wants to focus more on growing clients’ assets by expanding its services.

The team, with $300 million in client assets, has formed StrongBox Wealth and partnered with Dynasty for back-office services.

The team, from Tucson, Ariz., was attracted to the broker/dealer’s connection with clients, something the big firms are lacking.

Parsons, a California team with $180 million in assets, joins Carson.

LPL transitioned all 33 advisors at Allen & Company, the previously announced acquisition that will seed its new employee model.

Deal volume in the RIA space is up 30% from last year, and “valuations are at an all-time high," said DeVoe & Company, the San Francisco-based consulting firm and investment bank.