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.
US wealth advisory business will get international footprint boost with new tie-ups.
New research shows physicians start their careers at least $200K in debt.
By listening for what truly matters and where clients want to make a difference, advisors can avoid politics and help build more personal strategies.
JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
Counsel representing Lisa Cook argued the president's pattern of publicly blasting the Fed calls the foundation for her firing into question.
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.
