Recruited away from Wells Fargo, Carnegie Private Wealth is the largest team yet to join LPL’s SWS division, the IBD’s premium affiliation model that went live in April 2020.

Despite talk of RIA M&A slowing, the industry announced a bevy of new deals this week, transacting almost $19 billion in client assets.

Mercer CEO Dave Welling says the new brokerage will help it better serve prospective clients and M&A prospects with long-standing commission-based assets at outside broker/dealers.

Service platform NewEdge plans a pivot to acquisitions with a focus on buying the practices of younger, growth-hungry advisors who will then buy and manage firms of retiring advisors in their own regions.

The broker/dealer business is starting to embrace different models and affiliation options.

The head of the Thundering Herd talks about the brokerage’s relationship with Bank of America, advisor attrition, recruiting and whether the firm will ever add an independent channel.

Merrill Lynch Wealth Management President Andy Sieg said we are in a 'bull market for advice.' Meanwhile, in its quarterly earnings, Wells Fargo reported a slight dip in its headcount over 2021.

Cartesian Growth Corporation has closed on its deal to merge with RIA Tiedemann Group and wealth and investment manager Alvarium Investments. The combined firm began trading under the ticker 'ALTI.'

Recent filings with the SEC indicate that the Kingswood/Wentworth deal is on track to close early this year, despite the difficult environment for SPACs.