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The firm alleges Christopher Lee violated a court order by soliciting clients after moving to Morgan Stanley, with $375 million in assets transferred post-restraining order.

In the meantime, Vanguard’s $4.6 billion outlay for Altruist and push into the advisor space may put the investment giant at odds with some of its own clients, according to analysts.

The fight for control raises bigger questions about succession planning.

Where do we go from here?

The scope of IRC Section 6034 is narrowed under certain circumstances.

The transaction is part of a wave of consolidation in the asset-management industry.

FINNY AI CEO Eden Ovadia discusses why outcome-based pricing may better align technology costs with the value AI-driven platforms deliver to advisors.

Fidelity Investments found that the total deal count dropped in the first half of 2026, but acquired assets grew to $342.9 billion as bigger players sold.

Jason Wenk’s would-be giant-killer custodian Altruist goes institutional with sale to investor and board member Vanguard.

The investment, which includes $7.7 billion HBKS Wealth Advisors, is one of three stakes that a wealth practice has sold this week to an outside investor.

The two firms plan to relaunch the program under a new brand in 2027 after Wells Fargo and Morgan Stanley withdrew from participation in the lists.

Operational complexity – not competition – is often the biggest obstacle to sustainable growth.

Wells Fargo joins Morgan Stanley in halting its participation in the Forbes and Shook Research financial advisor lists amid a payment controversy, according to an internal memo.

The 16-person group, led by Michael Bober and Ed Ventrice, establishes the firm's first office in Boca Raton and strengthens its South Florida footprint.

Companies ranging from Robinhood to Ark Invest claim they can provide retail investors with access to venture capital. Can they deliver what they promise?

U.S. debt surpassing $40 trillion, global long-term yields spiking and U.S. Treasury Secretary Scott Bessent seeking to intervene have led bond investors to reassess. Private wealth alts products continue to raise funds, although flows into private credit have slowed. These are among the investment must reads for financial advisors this week.

What began as a bespoke service for the very wealthy is becoming more routine.

In other people moves, LPL lures a technology leader from Wells Fargo, U.S. Bank hires private banking chief, alternatives manager Barings names U.S. wealth head, and Northern Trust expands wealth leadership in New York.

Edelman Financial Engines' Ralph Haberli discusses converting retirement plan participants into wealth clients while using AI to scale personalized advice.

The partnership will provide Apex's brokerage clients with regulated access to crypto event contracts through Gemini's platform, expanding beyond Kalshi.