Merchant Investment Management, a New York-based private equity firm, has taken a minority stake in Signet Financial Management, a Parsippany, New Jersey-based registered investment advisory firm managing $850 million.
Terms of the deal, Merchant's first this year, were not disclosed.
The investment will help Signet continue its efforts to grow, which focus on attracting breakaways, the firm's CEO, Eugene Yashin, said in a release.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
