In related news, CEO Joe Duran will buy an apartment in New York, where Goldman is headquartered, an indication that he’ll continue to lead the business he built.

The firm began rolling out the new service for retail customers today and will continue to do so in the coming weeks.

The top locations for family offices in the U.S. were New York, California and Texas.

Dave Nadig and Matt Hougan declared at Inside ETFs that investing is a solved problem; now advisors need to rethink the core of their businesses and how they allocate their time.

The pace of deals will rapidly escalate this year, even as the size of acquired firms is falling, predicts DeVoe & Co. RIAs and consolidators are leading buyers, as banks seem to be backing away from the market.

Customers opened 433,000 new brokerage accounts in fourth quarter, bringing the total to 12.3 million.

The SEC has 79 advisory committee members, but only three of them are black and one is Latino, according to a review by the House Financial Services Committee.

For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.

About a quarter of people with a U.S. bank account have used Plaid to connect to the roughly 11,000 financial institutions it works with.

Advisers managing $2.4 trillion are expected to sell, merge or open shop over the next 10 years.