Andrew Cohen

Andrew covers RIAs and wealth management for InvestmentNews. He previously was a family office reporter for Crain Currency, and has spent years covering the sports business for outlets such as Sports Business Journal, Front Office Sports, and Awful Announcing. He is based in New York. Email him at [email protected]

 

Andrew Cohen
Displaying 61 results
NBA sovereign wealth workaround? Abu Dhabi backs record Lakers' buyer
ALTERNATIVES JUN 20, 2025
NBA sovereign wealth workaround? Abu Dhabi backs record Lakers' buyer

TWG Global CEO Mark Walter has agreed to buy the Los Angeles Lakers for $10 billion, just two months after TWG Global entered a multi-billion investment partnership with Abu Dhabi's Mubadala Capital.

Merchant-backed Concurrent debuts minority investing program for smaller RIAs
RIA NEWS JUN 19, 2025
Merchant-backed Concurrent debuts minority investing program for smaller RIAs

The $12 billion hybrid RIA Concurrent Investment Advisors will target RIAs between $200M-$500M in assets.

NerdWallet expands wealth services with $178M RIA acquisition
RIA NEWS JUN 17, 2025
NerdWallet expands wealth services with $178M RIA acquisition

The acquisition of New York-based RIA Future You Wealth forms the foundation of NerdWallet Wealth Partners, a fee-only RIA targeting mass affluent investors with a maximum fee of 0.9%.

Carson Group's M&A head sees '10-to-15 year bull market' for RIAs
RIA NEWS JUN 16, 2025
Carson Group's M&A head sees '10-to-15 year bull market' for RIAs

"I'm just a big believer that based on demographics alone, we are looking at a 10-to-15 year bull market in M&A in the RIA and independent wealth space," said Michael Belluomini, SVP of M&A at Carson Group.

RIA Jackson Square Capital sponsors golfer Riley Lewis at US Open
RIA NEWS JUN 12, 2025
RIA Jackson Square Capital sponsors golfer Riley Lewis at US Open

The San Francisco-based RIA has its logo on the shirt sleeve of 23-year-old Riley Lewis as he makes his major championship debut, and plans to further leverage the golfer's cachet among clients and prospects.

RILAs gain ground amid volatility
LIFE INSURANCE AND ANNUITIES JUN 12, 2025
RILAs gain ground amid volatility

Tariff-driven economic turbulence and stock market volatility could fuel further demand for annuities as a product for investors near retirement age to limit their downside exposure.

Minority capital comes with caution
RIA NEWS JUN 12, 2025
Minority capital comes with caution

Transactions have slowed according to recent data as industry insider warns that the trip doesn't always match the brochure when minority investors come onboard.

RIAs pull back from US stocks, Interactive Brokers survey reports
RIA NEWS JUN 11, 2025
RIAs pull back from US stocks, Interactive Brokers survey reports

According to a new Interactive Brokers survey, 42% of independent advisors are investing more in non-U.S. equities, while 40% are reducing client exposure to U.S. stocks amid growing concerns over tariffs and the national debt.

Lido Advisors makes first deal since BlackRock-backed buyout; acquires Michigan RIA
RIA NEWS JUN 11, 2025
Lido Advisors makes first deal since BlackRock-backed buyout; acquires Michigan RIA

In its first move since selling a majority stake to HPS Investment Partners, Lido Advisors has acquired Michigan-based Exchange Capital Management. The deal comes as HPS prepares to join BlackRock, a major step for the world’s biggest asset manager expanding into the RIA space.

Ex-Falcon advisor sparks legal fight after jump to $9B RIA Parallel Advisors
RIA NEWS JUN 10, 2025
Ex-Falcon advisor sparks legal fight after jump to $9B RIA Parallel Advisors

"This legal proceeding is about accountability and safeguarding ... the ethical standards our industry relies on," said Falcon Wealth CEO Gabriel Shahin, as the RIA accuses ex-employee Nicole Amore of misusing client data in her transition to Parallel Advisors.