Wealth Enhancement Group, a Minneapolis-based hybrid, has acquired North American Management, a Boston-based registered investment adviser managing $1.75 billion.
Founded in 1928, NAM is a 20-person firm with nine financial advisers.
When the deal closes, it will bring Wealth Enhancement Group's client assets close to $30 billion.
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.
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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.
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