The private equity firm will help the company pursue 'continued growth, technology development and expansion by acquisition,' according to the RIA. Founder and CEO Ron Carson will still be the majority owner.
Following a tidal wave of deals in the direct indexing space, Vanguard announces its first ever corporate acquisition, buying wealth management tech company Just Invest.
A senior Merrill Lynch executive said the bank expects single-digit growth in headcount as it focuses on its advisor training and development programs.
Chairman and CEO Paul Reilly said the firm will 'embrace flexibility' and various work arrangements, although it has set a date for its workforce to return to the office.
According to the SEC, the affiliated broker for Kestra Advisory Services and Kestra Private Wealth Services received compensation when clients' assets were invested in certain mutual fund share classes.
Morningstar is facilitating direct indexing with its latest risk metric toolkit, Risk Ecosystem, a mix of PlanPlus financial planning and FinaMetrica risk evaluation.
