Prestige Wealth Group, which manages $540 million in assets, has offices in New Jersey and Maryland.
The investment in the Chicago area firm is the 17th such deal by Summit this year.
Components of the personal consumption expenditures price index. Those were favorable across the board.
Policy makers' estimates of the long-run interest rate range from 2.375% to 3.75%.
The firm is pushing to get bigger in credit, particularly in asset-backed lending.
Advisors will be able to transfer their business to a younger advisor while still receiving compensation.
The firm allows investors to help make loans to small companies making an impact.
In a complaint, the agency said that Ian G. Bell of Denver defrauded at least 29 investors in a day-trading scheme.
Investors should look for opportunities beyond the usual suspects, the bank's wealth division says.
WMS Partners is the latest transaction for Atlanta's Homrich Berg and boosts its AUM to $24 billion.
The IAA's president expects a culture shift at the SEC, with fewer surprises and more collaboration.
The co-founder of private equity titan TPG became a billionaire spearheading company takeovers.
People in the U.S. live with illness for 12.4 years on average.
The bond market is grappling with sticky inflation, says DoubleLine's CEO.
SEI is betting the acquisition will enable advisors to optimize after-tax returns.
The industry is having trouble convincing fee-conscious investors to fork out cash for new market players.
Tensions over price pressures could still disrupt confidence about interest-rate cuts.
She'll be stepping down from Ellevest, the wealth management firm she founded that's geared toward women.
The firm's managers were upbeat about a market broadening beyond the Magnificent 7.
Investors want help and easy navigation from digital tools. But data insecurity is a deal-breaker.