Macquarie Investment Management and Wilshire Associates have created a fund aimed at mass-affluent investors that packages private-market assets.
As outlined in its prospectus, the model portfolio of the Delaware Wilshire Private Markets Fund consists of investments in private equity (50%), private debt (15%), alternative yield (15%) and private real assets (20%).
The fund, which has an initial investment minimum of $25,000 and an additional investment minimum of $5,000, will charge a management fee of $1.2% on top of the fees charged by the private funds in which it invests.
The Dynasty Financial partner firm's latest deal in Connecticut adds roughly $600 million in client assets.
The giant broker dealer and RIA overseeing roughly $800 billion in AUM and AUA has appointed a Merrill and BofA alum to support advisor growth.
Firm's CEO is confident SEC can approve without legislation.
The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.
The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC's Aspire Holdings exited their investments.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
