Displaying 111 results
Mariner Wealth to acquire AdvicePeriod
The capital to purchase the $4.4B Los Angeles-based RIA came from private equity firm Leonard Green & Partners.
Private equity fights to keep tax break
A lobbying group for PE firms is rolling out ads targeting 25 members of Congress to try to protect the carried interest tax break.
How high can RIA valuations go?
From pixie dust to private equity, myriad factors have contributed to the historic M&A surge in the space — with no end in sight.
Pritzker takes minority stake in Steward Partners
The merchant bank's $100 million investment will give Pritzker two seats on Steward's board.
Wealth Enhancement Group buys $1.4 billion Hoover Financial Advisors
This marks the second major deal since March for the $35 billion RIA, and it's a sign of more to come, according to CEO Jeff Dekko.
Charlesbank takes stake in $9 billion RIA
Los Angeles-based Lido Advisors plans to expand across the country organically and via acquisitions.
Private equity digs heels into RIA industry
Private equity investors are keenly interested in RIAs for their recurring revenues, good margins and low capital expenditures. By most accounts, mergers and acquisitions of RIAs continue to be close to record numbers for the past several years.
Stone Point, GIC near $3B deal for Ascensus
The investment firms are buying the company from backers including Genstar Capital, Aquiline Capital and Atlas Merchant Capital.
PE fund targets diversity, governance at small companies
Mill Road Capital is applying a 'progressive private equity' strategy in its latest fund.
Biden tax talk seen driving RIA M&A activity
The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.
Financial advisers are steering clients away from SPACs
Special purpose acquisition companies are leveraging celebrity endorsements to drive investor demand, while financial advisers struggle to protect clients from risk.
PE firm Merchant buys stake in Axiom Financial Strategies
The deal shows that private equity investors are starting to move down-market to invest in smaller registered investment advisers.
iCapital leverages KKR to lure investors into private equity
The rebranded PE fund targets the country's 13 million accredited households with an offer of access to KKR's investment expertise.
Navigating the blurring lines between M&A and recruiting
The competition for high-quality advisers and advisory firms, combined with an insatiable thirst for growth, is creating more choices for advisers as to both whom they partner with and how they choose to structure that relationship.
Wells Fargo Asset Management sold to private equity for $2.1 billion
Nico Marais will stay on as CEO of the $603 billion business after the sale to GTCR and Reverence Capital Partners, while there will be fresh faces on the board.
The unquenchable thirst for wealth management
With M&A in the RIA space setting records, the focus turns naturally to the seemingly irreversible influence of private equity money.
As markets get frothier, advisers migrate toward alternatives
Survey shows 98% of advisers plan to increase or maintain client allocations to alts in the year ahead; the strategies most likely to see an increase in allocation are real estate, private equity and private credit.
Not even pandemic can derail record level of RIA consolidation
The slowdown in March turned out to be just brief bump in the road for buyers and sellers in the wealth management space.
Wells Fargo nears deal to sell asset management unit
The bank is reportedly in talks to sell the unit to a private equity consortium led by GTCR and Reverence Capital Partners.
DPL Financial Partners secures $26 million in private equity capital
Eldridge and Atlas Merchant Capital combine forces in the latest example of private equity firms taking stakes in the wealth management industry.
