Private equity

The Labor Department issued guidance Wednesday effectively allowing retirement plans to invest in buyout firms.

The privately held firm recruited more than 160 reps in the first quarter on the strength of its balance sheet, CEO Amy Webber says.

Private equity points to the birth of the advisor independence movement as proof they’re in it for the long haul.

The fintech giant fattened its war chest with a $40 million investment.

“We’re going to see more restructuring of deal terms,” says investment banker Steve Levitt.

In a cut throat market, the RIA can now offer cash for M&A deals.

Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.

The asset manager is targeting as much as $1.5 billion in volume annually, up from about $300 million per year about three years ago, the firm says.

Two years after the tax law eliminated write-offs for investment costs and advice, lawyers say they have found a loophole hidden in years-old IRS case law.

OneDigital’s acquisition of Resources Investment Advisors shows a convergence between two major spaces within financial services.