The Pritzker Organization has made a $100 million minority investment in Steward Partners Global Advisory, a Washington, D.C.-based hybrid managing $23 billion with 170 advisers. The firm has 27 offices across the country.
The investment, the first in the wealth management industry for the Pritzker family’s merchant bank, comes with two seats on Steward’s board. Pritzker businesses include Hyatt Hotels, Triton Container and the Marmon Group.
The Cynosure Group, a Salt Lake City-based private equity firm, made a $50 million investment in Steward in March 2019 and will remain fully invested.
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.
