Private-equity firm Genstar Capital has acquired the majority stake in Foreside Financial Group held by Lovell Minnick Partners. Terms of the acquisition, scheduled to close before the end of the quarter, were not disclosed.
Foreside, based in Portland, Maine, provides tech solutions in the areas of distribution and governance, risk management and compliance to clients in the asset and wealth management industries.
The company is led by Richard Berthy and David Whitaker, who will remain shareholders and continue in their current management roles, the company said in a release.
A Texas-based bank selects Raymond James for a $605 million program, while an OSJ with Osaic lures a storied institution in Ohio from LPL.
The Treasury Secretary's suggestion that Trump Savings Accounts could be used as a "backdoor" drew sharp criticisms from AARP and Democratic lawmakers.
Changes in legislation or additional laws historically have created opportunities for the alternative investment marketplace to expand.
Wealth managers highlight strategies for clients trying to retire before 65 without running out of money.
Shares of the online brokerage jumped as it reported a surge in trading, counting crypto transactions, though analysts remained largely unmoved.
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.
