Private equity fundraising

After hiring Kara Murphy, the wealth manager aims to roll out investment management research and modeling tools for more than 2,400 advisors.

The PE-backed hybrid RIA is acquiring a practice with nine financial advisors managing $1.46 billion in client assets.

The private equity-backed wealth and 401(k) manager drew away an ex-Hightower team as part of its surging growth in the past year.

The parties are combining forces to offer other practices a longer term alternative to private equity deals.

Private equity-backed Wealth Enhancement Group unveiled its third largest deal ever and its first location on the West Coast.

The RIA roll-up could make as many as a dozen deals in 2021 through the new source of capital, CEO Marty Bicknell says.

As the firm repelled a rare activist challenge, a potential private equity buyer has approached it, according to a news report.

The deal to buy Wealthstreet Investment Advisors marks half a dozen since the RIA roll-up received a PE investment last year.

Two experienced private equity investors in wealth management struck a deal for a minority stake in one of the industry’s biggest names.

Ascensus sold the practice with four reps and $490 million in client assets after acquiring it two years ago.

Wealth Enhancement Group’s second acquisition of 2021 comes as experts say there’s an “ever-increasing buyer appetite” for $1 billion-plus firms.

The acquisition of another midsize wealth manager will boost the holding company above 2,500 reps with nearly $95 billion in AUA.

Despite the credit-positive reading by one agency, the IBDs are competing against less leveraged rivals.

The private equity-backed RIA agreed to purchase its first firm of the year after being one of the most active acquirers in 2020.

If approved for an IPO, the blank check company will face stiff competition among the growing ranks of RIA acquirers.

The asset manager has become one of the fastest-growing hedge funds at a time when many competitors are losing assets.

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

Financial advisors’ choices about capital infusions into their practices show “how this industry needs to evolve and mature,” Merchant Credit Partners Managing Partner Rick D'Amico says in an episode of Financial Planning’s Invest Podcast.

Rivals and rating agencies aren’t taking any breaks in the pandemic, and CEO Jamie Price says the new giant IBD network remains on track as well.

RIAs should begin the selling process by visualizing their ideal situation, investment banker and consultant David DeVoe says in an episode of Financial Planning’s In|Vest Podcast.