HGGC, a middle-market private equity firm based in Palo Alto, California, created Aspire Holdings, a new company that will hold the firm’s investments in registered investment advisers as it pursues a plan to invest up to $300 million in the space.
To date, HGGC has taken equity stakes in Apella Capital, Merit Financial Group and WA Asset Management, the firm said in a press release Wednesday.
Steve Young, HGGC's co-founder and president, will act as chairman of Aspire.
HGGC’s current and future RIA investments will continue to operate independently. The firm plans to invest in registered investment advisers both on its own and in partnership with other investors.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
