In its fifth acquisition of the year, MAI Capital Management, a Cleveland-based registered investment adviser managing $11.8 billion, has bought Storey & Associates, a North Canton, Ohio-based RIA managing $230 million.
Harlan Storey, who founded the firm in 1985, and principal Kevin Krakora have become senior wealth advisers at MAI. The firm’s other employees also joined MAI.
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Blue Anchor Capital Management and Pickett also purchased “highly aggressive and volatile” securities, according to the order.
Reshuffle provides strong indication of where the regulator's priorities now lie.
Goldman Sachs Asset Management report reveals sharpened focus on annuities.
Ahead of Father's Day, InvestmentNews speaks with Andrew Crowell.
Cerulli research finds nearly two-thirds of active retirement plan participants are unadvised, opening a potential engagement opportunity.
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.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
