Best Buy founder among outsiders betting on financial advice firms
In their race to expand, RIAs are attracting unusual investors who are sometimes willing to offer better terms and take longer views of their investments than traditional lenders.
The demand for advisory firms to grow larger and larger has some reaching out to strange bedfellows for financial support.
Best Buy founder Richard M. Schulze is among the investors who recently took a 25% stake in Meristem Family Wealth, a $2.35 billion family wealth management firm seeking to exp
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