IQ-EQ, a Luxemburg-based international financial holding company, has agreed to acquire Concord Trust Co., a South Dakota-based trust company with $2.9 billion in assets under management.
Terms of the proposed acquisition, which is IQ-EQ’s first in the U.S. private wealth market, were not disclosed.
“The acquisition will help position IQ-EQ as the global outsourcing partner of choice for UHNW families, executives, entrepreneurs, and their family offices,” the company said in a release.
The Trump accounts are “generationally changing” and bring financial literacy to youth, said IRS chief Frank Bisignano.
Deal adds a $299 million tax-and-wealth practice as the RIA aggregator advances acquisition strategy around integrated financial and tax planning.
Large and mega plans show strongest appetite, but fee confusion persists.
Many people are taking a dangerous gamble with their financial future, new study warns.
Britt is named CFO of Wipfli, a $600 million accounting firm that audits two NFL franchises
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
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
