Diana Britton

The four advisors will operate as Lumina Wealth Partners at UBS out of the firm's new Los Angeles office.

The four advisors will operate as Lumina Wealth Partners at UBS out of the firm's new Los Angeles office.

The hybrid broker/dealer founded by former Wells Fargo Advisors CEO David Kowach added teams from Commonwealth and Wells Fargo

The Roseville, Calif.-based OSJ leaves LPL to launch its own RIA on Cetera's Blueprint platform.

Osaic has hired Sayee Bellamkonda as chief AI and technology officer, reporting to CEO Jamie Price. Bellamkonda joins from Vialto Partners and will oversee Osaic's technology, data and AI infrastructure as the broker/dealer expands AI across its platform. His appointment replaces former CTO Ed Obuchowski and reflects Osaic's broader effort to strengthen and scale its technology capabilities. The hiring follows several senior executive departures, including leaders in wealth management, finance, strategy and engineering. Osaic has also strengthened its financial position after its private-equity owner, Reverence Capital Partners, completed a more than $2 billion recapitalization in April, with Bain Capital becoming a new investor while Reverence retained majority ownership.

Vanguard CEO Sam Ramji is pushing Vanguard further into advice with Altruist, but the hill may be steep to upend legacy custodians and win over RIAs

AI-native RIA Savvy Wealth, which manages $9 billion, secured Series C funding led by Halo Fund, with total capital exceeding $200 million

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Edelman Financial Engines partnered with ADP to offer retirement plan advisory services to small and mid-sized businesses

Modern Wealth completes its fifth deal this year with the acquisition of Jacksonville-based Sanchez Wealth Management Group