/cloudfront-us-east-1.images.arcpublishing.com/tgam/PPQNFGJWKBPRPLHTNCZUKJAHMA.jpg "CI Financial sells stake in U.S. wealth manager Congress Wealth Management")
CI Economical Corp. CIX-T has sold its minority stake in a U.S. wealth supervisor, expressing it plans to use the proceeds to pay out down financial debt. CI did not say how a lot it will obtain for providing its possession in Congress Prosperity Administration LLC, a Boston-centered company with […]
Financial Management
A group of Auburn University finance and engineering learners has won the 2023 International Circumstance Competition at Harvard, one particular of the most prestigious student-structured circumstance competitions in the planet, beating out additional than 175 other collegiate groups. Competing teams were being presented with the hypothetical scenario of multinational technology corporation Siemens purchasing […]
Chinese banks’ wealth management models are struggling a crisis of self-confidence as mum-and-dad investors have fled the sector soon after items they considered have been danger-absolutely free all of a sudden dropped in worth. Risky marketplaces and a stream of redemptions at the finish of previous calendar year pushed lenders’ […]
This marks MAI’s 28th acquisition, even more strengthening its nationwide enlargement CLEVELAND, April 24, 2023–(Company WIRE)–MAI Capital Management, LLC (“MAI”), a registered expense adviser specializing in targets-dependent, individualized investment and financial arranging for large-internet-worth small business homeowners, entrepreneurs, people, entertainers, and athletes, has obtained Wiener Financial Administration (“WFM”). Founded in […]
This week, private equity–backed Atria Prosperity Answers announced ideas to purchase Grove Issue Economical, a Kestra Holdings subsidiary with $15 billion in consumer property. In other M&A news, Aristotle Funds Management has acquired Pacific Life’s $21 billion asset administration small business Built-in Prosperity has joined Carson in Kansas Steward Partners […]
Scaled-down wealth administrators in the Uk have been presented their starkest warning yet that they may be dwelling on borrowed time as their business fast scales up. Rathbones’ £839mn offer to get Investec Prosperity & Investment decision Uk previously this month and generate a wealth management powerhouse was heralded by […]