Hearsay is cashing out for $125 million after ...

The owners of Hearsay Systems have accepted a bid from another becalmed “digital-presence" company, Yext, Inc., after trying for 15 years to automate aspects of the RIA business advisors hate – SEC-compliant sales, marketing and hand holding.

Wells Fargo & Co., with a critical advantage – it's an RIA custodian, almost – is going where other wirehouses have tried and failed -- to capture a piece of the $9 trillion advice channel.

First generation RIA CEOs, pioneers and other bigshots are leaving jobs or scaling back roles – and sometimes in bunches – signaling a palpable, if gradual, shift in RIA leadership.

Nachiket Shiralkar checked out of Altruist and checked into Hotel Engine, but not before leaving the emerging RIA custodian with a brand known for its digital technology.