The number of hybrid advisors, or those that are both registered as investment advisors with the Securities and Exchange Commission and as brokers with FINRA, is growing at a faster rate than the overall industry, reports InvestmentNews.

Advisors should learn to avoid common pitfalls when meeting with prospective clients. When meeting with prospects, advisors can inadvertently appear to be impersonal and to not care about clients, reports Financial Planning.com.

Edelman Financial Services plans to acquire an advisor with at least $1 billion in assets under management, according to InvestmentAdvisorOne.