Christine Idzelis
InvestmentNews reporter. Twitter: @CIdzelis
InvestmentNews reporter. Twitter: @CIdzelis
The acquisition will expand the firm's ability to sell financial products through Jefferson National's network of 4,000 RIAs.
Brian Latz, John Cicillini and Kenneth Cariota joined their new firm Sept. 1.
Former head of two microcaps worked with boiler room operator whose agents pressured investors and promised them lucrative profits.
The deal in Westport, Conn., builds on the RIA's presence in New England.
The DOL fiduciary rule and competition from robo-advisers will continue to result in pricing pressure.
The firm has about 30 investment products for clients who want to help women gain equality
Yet another slowdown in growth comes as the industry faces increasing regulatory costs related to the DOL fiduciary rule, according to an annual benchmarking study by InvestmentNews.
The fintech start-up is creating an investment platform that uses a proprietary algorithm that considers women's earlier salary peaks and longer life spans.
They made up 26% of buyers in first half of 2016, up from 11% in the first half of 2015
MAXIMAI will focus on ultra-high-net-worth clients internationally.
