Registered investment advisors announced several deals this week, picking up fresh capital and switching broker/dealers. Here’s a look at more than $12.6 billion in client assets on the move as industry dealmakers remain undaunted by volatile markets. Cerity Partners Completes $4.8B Merger With ARGI Financial In its first M&A deal […]
Financial Management
WEST CHESTER, Pa., Jan. 12, 2023 /PRNewswire/ — Wealthcare Advisory Associates LLC (“Wealthcare” or the “Firm”), a technological innovation-enabled whole-company RIA that supports impartial economic advisors and a NewSpring Holdings platform enterprise, nowadays announced the acquisition of Sommers Financial Administration (“Sommers Money”). This deal marks Wealthcare’s 3rd RIA acquisition in […]
Forbes/Shook Finest-In-State Prosperity Management Groups Forbes Why use a prosperity advisor just to commit revenue? Daily wealth advisors look for to increase benefit for the people they serve—in turn, cultivating deeper and deeper interactions. And as family members deliver their advisors further into the complexities of their life, the leading […]
U.S. Lender wealth management senior vice president Lisa Erickson claims a quantity of macro indicators show slowing tendencies into the new 12 months. Citigroup Inc. is shuffling the leadership of its wealth-management organization, whose progress has fallen brief of targets for the duration of a marketplace downturn that has sapped […]
Electronic Currency Group (DCG), the crypto conglomerate that owns beleaguered crypto broker Genesis and electronic asset supervisor Grayscale, confirmed Thursday that it is shuttering HQ, its prosperity management division, as very first claimed by The Data. “Due to the condition of the broader economic natural environment and extended crypto winter […]
After approximately doubling in measurement in less than three several years, a significant registered financial investment advisor has a new non-public equity backer and a new asset management arm. San Francisco-centered Parallel Advisors ordered Autus Asset Management of Scottsdale, Arizona while obtaining a strategic expenditure from Golden Gate Capital, a […]