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Goldman Sachs buys Dutch money manager in $1.9 billion deal
RIA NEWS AUG 19, 2021
Goldman Sachs buys Dutch money manager in $1.9 billion deal

The acquisition of NN Investment Partners boosts the bank's European ties and gives it a toehold in the sustainable investing industry; about three-quarters of NN's investments are backed by ESG criteria.

Prudential commits $200 million to diversity in private equity
LIFE INSURANCE AND ANNUITIES AUG 18, 2021
Prudential commits $200 million to diversity in private equity

The company's investments will focus on women- and minority-owned PE firms.

SEC charges Florida RIA with fraud
REGULATION, LEGAL & COMPLIANCE AUG 18, 2021
SEC charges Florida RIA with fraud

Fusion Analytics and head Michael Conte misled investors, agency charges.

SEC charges New York investment firm and its founder with fraud
REGULATION, LEGAL & COMPLIANCE AUG 18, 2021
SEC charges New York investment firm and its founder with fraud

Battery Private and Jeffrey Slothower allegedly misappropriated $1 million in two separate schemes.

FPA to use inclusion program developed by Latino group
PRACTICE MANAGEMENT AUG 17, 2021
FPA to use inclusion program developed by Latino group

Financial Planning Association members who complete the nine-hour course will receive an electronic badge to add to their LinkedIn profiles.

Beacon Pointe buys $1 billion Denver RIA
RIA NEWS AUG 17, 2021
Beacon Pointe buys $1 billion Denver RIA

Northstar Investment Advisors is latest acquisition by Newport Beach, California-based Beacon Pointe.

RIA firm culture takes pandemic beating, study finds
PRACTICE MANAGEMENT AUG 17, 2021
RIA firm culture takes pandemic beating, study finds

Nearly 40% of advisers say firm culture declined; engagement suffered

Two named to top posts at AIG unit
RETIREMENT PLANNING AUG 17, 2021
Two named to top posts at AIG unit

Bryan Pinsky will lead individual retirement at AIG Life & Retirement, while Tim Heslin will head the U.S. life insurance business.

Galway Insurance buys $9.2 billion RIA
LIFE INSURANCE AND ANNUITIES AUG 16, 2021
Galway Insurance buys $9.2 billion RIA

The San Francisco-based insurance company acquires Cleveland-based MAI Capital.

Adviser managing $215 million at UBS moves to RBC
PRACTICE MANAGEMENT AUG 16, 2021
Adviser managing $215 million at UBS moves to RBC

A mother-daughter team led by Cynthia Hansen joins RBC's Denver Tech office.