Displaying 116 results
Swiss private equity conglomerate targets wealthy US advisory clients
Partners Group, a $131 billion PE operation, is building out its US footprint with the launch of Private Wealth.
Sequoia Financial sells another minority stake to private equity investors
The partnership with Valeas Capital Partners follows a 2020 partnership with Kudu Investment Management. Sequoia remains majority employee-owned.
Former Northern Trust exec Shundrawn Thomas launches private equity firm
Thomas is partnering with former Bank of America credit specialist Anthony Hoye to provide financing to minority and women-led businesses.
Argos Wealth Advisors sells minority stake to Merchant
Merchant Investment Management continues to build up a portfolio of minority ownership stakes with the deal with $775 million, California-based Argos.
Mercer Global Advisors adds $1.2 billion with latest deal
Mercer is acquiring HYA Advisors, an RIA based in Springfield, Missouri, as private equity money continues to drive RIA consolidation.
CRM provider Wealthbox gets $31 million infusion
Frontier Growth is taking a minority equity stake in the Rhode Island-based fintech.
Dynasty Financial IPO raises questions about future of platform
While private equity investors have an unquenchable thirst for wealth management, the public markets haven't always been kind to wealth management companies.
PE firm Parthenon to acquire $7.46 billion RIA
RSM US Wealth Management will be renamed Choreo.
DOL tones down Trump-era statements on PE in 401(k)s
In a recent supplement to a 2020 letter, the agency made clear that it does not endorse the use of private equity in defined-contribution plans.
Cerity Partners adds $5 billion RIA in San Francisco
The addition of Bingham Osborn & Scarborough will push the New York-based aggregator to nearly $40 billion in total RIA assets.
KKR invests in RIA Beacon Pointe
The woman-led management team retains a majority stake in the firm, while investor Abry Partners is exiting.
CI Financial posts record profits as it moves beyond just buying RIAs
After acquiring 25 U.S. RIAs over the past 24 months, the Toronto-based aggregator is taking a minority stake in GLASfunds, a $1 billion alternative investments platform.
Mercer buys $700 million Texas RIA
Dallas-based Lake Point Advisory Group was founded in 2007 by Reid Johnson, who was described as a 'marketing genius' by Mercer's Dave Barton.
3 drivers of record M&A activity
With valuations of financial planning and wealth management shops at record highs and private equity focusing on the space, it would seem prudent for firms to at least research their options.
Cresset balloons to $20 billion in assets with latest megadeal
Starting from scratch just four years ago, Cresset Asset Management has now become one of the fastest growing RIAs with the acquisition of Berman Capital Advisors and its $4.7 billion in assets.
Soccer is the next big thing for hedge funds and private equity
European soccer has always been desperate for cash, but that’s grown more acute after the pandemic kept crowds away from stadiums and left some of the continent’s biggest and most successful clubs with eye-watering debt.
Ultra-rich boom fuels M&A frenzy for advisory firms
The deals are being driven by the growing legions of rich individuals who need financial advice and the growing shortfall in the ranks of financial advisers.
Mariner Wealth Advisors extends PE-backed buying spree
The addition of The Pinnacle Group, a $600 million Ohio-based RIA, marks the fifth deal by Mariner since it partnered with private equity investor Leonard Green & Partners in April.
How will a capital gains tax hike affect red-hot RIA M&A market?
Many RIA sellers who were already contemplating an exit in the near- to mid-term are likely to see the handwriting on the wall and scramble to complete their sales before the tax increase takes effect.
Prudential commits $200 million to diversity in private equity
The company's investments will focus on women- and minority-owned PE firms.
