HGGC, a middle-market private equity firm based in Palo Alto, California, created Aspire Holdings, a new company that will hold the firm’s investments in registered investment advisers as it pursues a plan to invest up to $300 million in the space.
To date, HGGC has taken equity stakes in Apella Capital, Merit Financial Group and WA Asset Management, the firm said in a press release Wednesday.
Steve Young, HGGC's co-founder and president, will act as chairman of Aspire.
HGGC’s current and future RIA investments will continue to operate independently. The firm plans to invest in registered investment advisers both on its own and in partnership with other investors.
Also, wealth.com enters Commonwealth's tech stack, while Tifin@work deepens an expanded partnership.
Back office workers and support staff are particularly vulnerable when big broker-dealers lay off staff.
The fintech giant is doubling down on its strategy to reach independent advisors through a newly created leadership role.
The two firms are strengthening their presence in California with advisor teams from RBC and Silicon Valley Bank.
The high court's decision rebuffing Alpine Securities marks a setback for a broader challenge to Wall Street's reliance on self-regulatory organizations.
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.
