Via a “pass through” arrangement, Bank of Hawai‘i’s $23.5 billion broker/dealer subsidiary will gain access to Atria’s proprietary technology, including Clear1, Unio, and Contour, as well as home office support.
The firm has also launched a new capital solutions program, as it kicks off its annual ConnectED conference this week.
Merrill added about 33,500 net new client relationships year-to-date, according to the firm's third quarter earnings. Wells Fargo also announced earnings this week, with mixed results for its wealth management business.
Genstar, which first took a majority stake in Cetera in 2018, remains the majority shareholder in the broker/dealer network.
In a flash poll conducted by WealthManagement.com, a number of Avantax advisors—weary of yet another ownership change and leadership turmoil—said the acquisition by Cetera makes them more likely to consider changing firms; a smaller group expects...
The president and COO of Commonwealth Financial Network discusses the strategies and principles that have helped the firm build relationships with advisors.
The majority investment will be used to launch an equity ownership program and beef up RFG’s talent across multiple functions.
Following the announcement of its acquisition of Crown Capital Securities, LPL said it added $19 billion in recruited assets and 421 net new advisors during the second quarter.
