The Pritzker Organization has made a $100 million minority investment in Steward Partners Global Advisory, a Washington, D.C.-based hybrid managing $23 billion with 170 advisers. The firm has 27 offices across the country.
The investment, the first in the wealth management industry for the Pritzker family’s merchant bank, comes with two seats on Steward’s board. Pritzker businesses include Hyatt Hotels, Triton Container and the Marmon Group.
The Cynosure Group, a Salt Lake City-based private equity firm, made a $50 million investment in Steward in March 2019 and will remain fully invested.
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.
