Clayton-based Summit Strategies Group to be acquired by Mercer
Clayton-based investment consultant Summit Strategies Group will be acquired by Mercer, a global consulting firm.
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Asset Management
Edward Jones faces class-action suit over alleged ‘churning scheme’
Four Edward Jones customers are suing the investment advisory for allegedly forcing brokers to push fee-based accounts to clients.
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UMB sells Minneapolis-based asset manager
Principals at wealth-management firm Marquette Asset Management have bought the business for an undisclosed amount.
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Stifel to acquire Ziegler Wealth Management
Stifel has entered into a definitive agreement with B.C. Ziegler & Company to acquire its wealth management business.
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