Citi's same-day haul from MSCI, Morgan Stanley, and J.P. Morgan, plus Orion's reshuffle and Cetera's capture of Fidelity's Ed O'Brien, pushes platform leadership to the center of the distribution war.

The Close · Aug 20Fidelity's rate hike turned custody into a financing war

move · Aug 18Cetera's fifth channel puts every independence option under one roof

The Close · Aug 17Atlanta is the new front in the RIA roll-up war

Data · Aug 17Raymond James presses a two-front talent war, from advisors to custody

Moves · Aug 16Merrill's $129 billion institutional team breaks away to OpenArc

Deals & PE · Aug 16The Commonwealth diaspora dominates this week's AUM flow

RIA · Aug 14Cetera Recruits $420M Duo From Commonwealth

M&A · Aug 14Merit Adds $900M Commonwealth Team, Sixth Since LPL Deal

Cetera

The platform talent war moves upstairs

The Morning Brief