Merchant Investment Management, a New York-based private equity firm, has taken a minority stake in Signet Financial Management, a Parsippany, New Jersey-based registered investment advisory firm managing $850 million.
Terms of the deal, Merchant's first this year, were not disclosed.
The investment will help Signet continue its efforts to grow, which focus on attracting breakaways, the firm's CEO, Eugene Yashin, said in a release.
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.
