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The complaint alleges that fiduciaries selected underperforming target date funds; to an industry expert, it illustrates the litigation "risk" for wealth firms converging on the retirement arena.

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Also, Hightower Signature makes a second external acquisition; IFP adds two Commonwealth advisors overseeing $400M; LPL adds $350M team; and UBS lands a double-advisor win.

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The deal marks Mesirow’s second acquisition in the outsourced fiduciary space this year as it joins advisories pushing into retirement plan asset advice.

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Wealth Management 2026 Midyear Outlook

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Dynasty CTO Leslie Norman explores what it takes to move AI beyond experimentation and into the everyday operating system of an RIA.

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