Anthony Scaramucci headed to White House?

The hedgie, famous for comparing the DOL fiduciary rule to the Dred Scott decision, may be going to work for Donald Trump.
DEC 09, 2016
Anthony Scaramucci, founder of SkyBridge Capital, said he has gotten bids for his firm and may end up working in the White House. "We have gotten a couple of bids, we're parsing through that now," Mr. Scaramucci told Bloomberg Television on Tuesday. He said the offers for his fund of hedge funds firm were from asset managers and private-equity companies. (More: Trump adviser Anthony Scaramucci promises to 'repeal' DOL fiduciary rule ) Mr. Scaramucci, who is a member of President-elect Donald Trump's transition team, also said that it's possible that he would go to work in the White House. Mr. Scaramucci said he's a "close personal friend" of Jared Kushner, Mr. Trump's son-in-law. Mr. Kushner will serve as a senior White House adviser, Mr. Trump announced Monday. (More: Knut Rostad: Trump adviser Anthony Scaramucci should apologize for DOL fiduciary rule remarks) “I've been working very closely with him and Steve Bannon," Mr. Scaramucci said. "If something should come to pass, my guess it would be related to that component of what's going on in the White House."

Latest News

Ex-broker in Florida gets more than six years for stealing $2 million from senior
Ex-broker in Florida gets more than six years for stealing $2 million from senior

Eric J. Stone was fired by Fidelity in 2021 after facing claims he took loans from clients.

Vistria takes majority stake in Curi Capital in fresh RIA deal
Vistria takes majority stake in Curi Capital in fresh RIA deal

Chicago-based Curi Capital gets new majority owner as $14 billion RIA eyes acquisitions and expanded family office services

WealthReach, VastAdvisor tie-up takes aim at advisors' cold outreach problem
WealthReach, VastAdvisor tie-up takes aim at advisors' cold outreach problem

Partnership pairs organic lead detection with paid ad targeting to help end "spray-and-pray" marketing for growth-seeking advisory firms.

LPL taps Wells Fargo vet as new chief technology and information officer
LPL taps Wells Fargo vet as new chief technology and information officer

Jonathan Lewis joins the wealth management giant as it proceeds with a $2 billion AI and technology push for advisors.

Buffer ETFs can turn volatility into a better client conversation
Buffer ETFs can turn volatility into a better client conversation

Once focused on retirees, pre-retirees and risk-conscious investors, the category has widened into a wider toolkit to help reassure clients in choppy markets.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income