With its 14th acquisition in as many years, Pathstone is picking up around 150 client households with an average of $19 million in managed assets.

The cuts will affect less than 1% of employees in the wealth-management business, which has about 40,000 workers and is the firm’s largest unit.

In his new role as CEO of a nascent RIA and multifamily office within a bank-owned trust company, Hopkins hopes to fill a service gap he noticed during his time with Carson Wealth.

The final impact has yet to be determined.

Doris Meister, who has led Wilmington since 2016, will be leaving her role by the end of May.

A House appropriations bill includes a rider that could delay or defund the DOL fiduciary rule. The CFA is urging Congress to stand against it.

Valuations in the private real estate market are finally starting to reflect higher interest rates and tighter debt availability.

One equity analyst said the acquisition of Atria transforms LPL into a “category killer” in the enterprise space.