The good old days of charging 1% solely for a portfolio of mutual funds are officially over, and that's good news for the right type of advisor, says First Ascent Asset Management's Scott MacKillop.

The hybrid offering combines a digital approach with human assistance when needed and leverages tech and expertise from the firm's 2018 RobustWealth acquisition.

CEO Dan Arnold and CFO Matt Audette said the firm will launch its new 'employee' model—initiated by the recent acquisition of Allen & Company—into the wider marketplace for advisors next year.

iCapital Network will be the first 'platform provider' included on the new alternatives marketplace.

The partnership with Juncture Wealth Strategies is part of a broader recruitment and transition initiative to attract wirehouse brokers looking to go independent.

Amidst the digital wealth advisor adding assets, James Burton is named as the firm's first chief growth officer.

Ninety-five percent of Merrill Edge Self-Directed trades will now be commission-free, according to a company spokeswoman.

Wall Street firms from Bank of America Corp. to Morgan Stanley said they’re focused on longer-term client relationships instead of just boosting stock-trading activity.