Displaying 111 results
What’s behind Vestwell’s $125M Series D funding?
CEO Aaron Schumm talks about the long game in the state-plan market and mentions that Vestwell is exploring lifetime income.
Is private equity taking too many risks with debt structure?
Some investors are concerned about industry and even financial system risk.
Carlyle takes stake in Captrust
After GTCR's 2020 deal for a portion of the RIA, additional private equity money will help the firm continue its buying streak.
Vetting fund managers on DEI: Why it matters
Diversity, equity and inclusion is increasingly important to many advisors and their clients.
FPA rolls out welcome mat for alternative investments
A partnership with the Chartered Alternative Investment Analyst Association will help FPA members educate themselves and their clients about alternatives.
401(k)s need private equity and real estate, study says
If plans can address liquidity and valuation concerns, they could benefit from higher returns, Georgetown CRI found.
New iCapital platform gives advisors turnkey access to alternative investments
Marketplace combines hundreds of existing platforms run by providers of alternative investments into a single network.
Merit notches 19th deal since taking PE capital
The acquisition of Planned Futures, which manages $460 million, expands Merit's footprint in Pennsylvania.
The evolution of RIA consolidation starts to favor buyers
Fidelity's latest report shows more deals involving smaller firms and structures that put buyers in the driver's seat.
Advisor Group makes rebranding campaign official
A new name is forthcoming, and the firm's eight independent broker-dealers will be merged under that new name in 18 months.
Modern Wealth Management goes from zero to $1.5 billion with first deal
The private equity-backed aggregator launched by veterans of Goldman Sachs and United Capital has acquired Barber Financial Group, with $1.5 billion in assets.
Fidelity sees shifting dynamics among RIA buyers and sellers
Private equity is still hungry for access to wealth management and smaller firms are fine-tuning their pursuit of scale.
United Capital veterans launch RIA aggregator with big goals
Private equity-backed Modern Wealth Management aims to be a multibillion-dollar firm by year-end.
Focus Financial weighs $4.1 billion sale to private equity firm
PE firm Clayton Dubilier & Rice offered $53 per share for the RIA aggregator, adding fuel to the 24% rally in Focus' shares so far this year.
Hungry private equity investors steer acquisitions toward smaller RIAs
The latest report from Echelon Partners shows a gradual slowdown in deal activity, which continues to be dominated by PE-backed buyers.
Swiss private equity conglomerate targets wealthy US advisory clients
Partners Group, a $131 billion PE operation, is building out its US footprint with the launch of Private Wealth.
Sequoia Financial sells another minority stake to private equity investors
The partnership with Valeas Capital Partners follows a 2020 partnership with Kudu Investment Management. Sequoia remains majority employee-owned.
Former Northern Trust exec Shundrawn Thomas launches private equity firm
Thomas is partnering with former Bank of America credit specialist Anthony Hoye to provide financing to minority and women-led businesses.
Argos Wealth Advisors sells minority stake to Merchant
Merchant Investment Management continues to build up a portfolio of minority ownership stakes with the deal with $775 million, California-based Argos.
Mercer Global Advisors adds $1.2 billion with latest deal
Mercer is acquiring HYA Advisors, an RIA based in Springfield, Missouri, as private equity money continues to drive RIA consolidation.
