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People familiar with the matter said that Centerbridge Partners is in talks to buy the four-firm, 6,500-advisor IBD network.
April 23 -
Strategic buyers have less cash but more flexibility, experts say.
March 21 -
Still, advisors thinking of selling are urged not to procrastinate.
March 12 -
Woodbury Financial Services has added 572 advisors with $22 billion in client assets since the fall of 2017, CEO Rick Fergesen says.
March 5 -
The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.
March 1 -
The private equity giant with a track record of taking firms public would add the IBD to its list of more than 850 investments for $73 billion worldwide.
February 25 -
Fintechs are also attracting strong PE interest; robos not so much.
February 12 -
Under the deal, private equity-backed Wealth Enhancement Group would make its 10th acquisition in the past five years.
February 1 -
In a surprise move, Liz Nesvold sells investment bank Silver Lane Advisors to Raymond James Financial.
January 23 -
Many NEXT Financial reps would cash out their company shares while it boosts technology under a deal with Atria Wealth, the parties say.
January 14