Emigrant Partners, a subsidiary of New York Private Bank & Trust, made a minority investment in a registered investment adviser, Hollencrest Capital Management. Terms were not disclosed.
Hollencrest is based in Newport Beach, California, and manages approximately $1.7 billion of assets under management.
Emigrant and its affiliate, Fiduciary Network, have made investments in 17 firms with approximately $55 billion in both assets under advisement and assets under management.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
