Survey shows 98% of advisers plan to increase or maintain client allocations to alts in the year ahead; the strategies most likely to see an increase in allocation are real estate, private equity and private credit.
The deal brings on board all 15 employees from Iron Financial's retirement business, and more than doubles Creative Planning’s retirement plan assets to approximately $10 billion.
The real fun is just getting started, now that everybody and their mother knows what a short squeeze is.
The so-called short squeeze that drives up share prices by forcing investors betting on a stock to go down to buy more of it to hedge potential losses is not new to the 2020s, but it is easier to execute.
A social media platform and ready access to mobile trading apps have helped push an otherwise obscure, money-losing videogame retail business to a $21 billion market cap.
As the brokerage navigates the cumbersome undertaking of acquiring thousands of advisers from TD Ameritrade and more than $6 trillion in assets, the broader custody industry is not sitting idle waiting for the fallout.
Siller & Cohen Family Wealth Advisors in Rye Brook, New York, joins Hightower's sprawling 33-state footprint.
The Toronto-based wealth management conglomerate has made 14 U.S. deals in less than a year. The acquisition will be CI’s largest purchase so far, and once completed it will double its total U.S.-based assets to $46.1 billion.
The slowdown in March turned out to be just brief bump in the road for buyers and sellers in the wealth management space.
After 12 years as president of the division, Kathleen Murphy, 57, will depart this summer; her successor has not yet been named.
