Industry

This is Wealth Enhancement Group’s fourth transaction this year and its 18th location in California.

The planning provider has seen significant demand from advisors, contributing to the rollout of RightRisk.

The two Lincoln firms will join the broker/dealer as stand-alone entities before being converted in the coming months, according to Osaic, which is also still rolling in the Advisor Group legacy b/ds.

Adam Birenbaum, currently chairman and CEO of Buckingham, will become the combined company’s new CEO.

According to the settlement letter, third parties used the firm’s cash management brokerage account to withdraw funds from accounts they’d illegally accessed at other financial institutions.

While the lack or breach of trust is its kryptonite.

Santander started boosting the high and ultra-high segment of its private banking business last year and has since hired 90 bankers.

iCapital Multi-Asset Portfolio will give financial advisors access to funds focusing on private equity, private credit and real asset strategies.

Goldman Sachs now allows lending against certain alternative investments custodied through Goldman Sachs Advisor Solutions.

The ratings agency says the move reflects “elevated acquisition-related liabilities and share repurchase activities.”