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…

Auburn Financial Management Association students win prestigious Harvard-run case competition

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…

China’s wealth management sector reels from ‘crisis of confidence’

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…

MAI Capital Management, LLC Acquires Wiener Financial Management

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…

RIA Roundup: Atria to Acquire Grove Point Financial From Kestra

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…

Wealth management consolidation leaves smaller groups on borrowed time

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…