Financial Advisory Sector Sees Major Acquisitions and Leadership Changes

GCG Advisory Partners acquires $150 million AUM, while Ampersand Partners hires teams managing $2.2 billion. Wells Fargo faces scrutiny with a $3 million settlement, and Merrill Lynch strengthens its position with a $2.2 billion team from Morgan Stanley. The financial advisory landscape is evolving, emphasizing compliance, ethical practices, and strategic growth.