The changes reform advocates seek would require U.S. family offices to register as investment advisors and publicly report holdings on a quarterly basis.

The world’s 500 richest people added $1.8 trillion to their combined net worth last year, lifting the total to $7.6 trillion.

Steward Partners has added the Poljak Group to its quick-growing list of firms.

The RIA custody business represented a 'channel conflict' for Morgan Stanley, which sold it to Axos Financial for $55 million.

The firm’s net new assets in the wealth management business were up 183% from a year ago, which executives attribute to net new clients, asset consolidation from existing clients and stock plan retention.

The mergers, acquisitions and advisor moves you may have missed that were announced the week of April 5–9, 2021.

While the rules may not have changed, it appears the consequences have—and advisors are feeling more vulnerable than ever.

In this week’s fund news, Morningstar points to lax risk controls and personnel issues at Ark, CFRA acquires technical research shop Lowry, and Goldman will soon bring cryptos to private wealth clients.

The advisors come from Kestra Investment Services, Key Investment Services, Bank of America Merrill Lynch and UBS Financial Services.

The real estate brokerage targeted to raise as much as $936 million, which has now been cut to $475 million.