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A new entity called Binah Capital is expected to be listed on the NYSE in the second quarter, despite headwinds for stocks and the waning use of SPACs.
January 5 -
The recruiting and M&A transactions bring another record year to the finish line ahead of an expected slowdown in 2023.
December 23 -
Advisor Group surpassed LPL at the top of the list, but consolidation, complexity and change remained the key themes in a highly competitive channel in 2022.
December 19 -
The business being sold to Madison Dearborn Partners provides trustee and administrative services to asset managers and retirement plans.
December 19 -
Under the deal, Dynasty also swapped equity in itself for shares in some of its "network" RIAs.
December 16 -
The bank is moving away from direct wealth management services in order to tap into an unmet need for many independent financial advisors, its CEO said.
December 7 -
The deal follows at least 14 transactions made by the consolidator this year. Other firms are expanding by forgoing M&A in favor of just recruiting financial advisors.
December 1 -
Royal Bank of Canada's planned acquisition of HSBC Holdings' Canadian unit would expand its lead in the country's heavily concentrated financial market, strengthening its dealings with companies and wealthy individuals, while potentially drawing scrutiny from regulators.
November 29 -
Choreo's agreement to buy the wealth management arm of a major accounting firm reflects how CPAs and other tax pros have emerged as a key focus area.
November 22 -
For several years after the breakdown of a deal to sell a practice for $3.6 million, the parties have been accusing each other of violating the terms.
November 21