There were a record 52 mergers or acquisitions involving RIAs in the second quarter, up from a previous high of 49 in the first quarter of the year, according to Echelon Partners.
Mary Mack looked like a rising candidate to become Wells Fargo's next chief executive. That is, until the bank's board promised it would find a new leader outside the troubled bank.
Boston Private’s new CEO, Anthony DeChellis, wants to grow the wealth management business threefold. He believes he has a significant edge in recruiting.