Tag: Private equity

Managers continue to push into the defined contribution space, a bet that plan sponsors and advisers will be attracted to the asset class.

Equity from Carlyle will be used to advance CAPTRUST’s M&A strategy in both wealth management and retirement, says CAPTRUST president.

Strongpoint will have more than 4,000 plans and $7B in assets under administration with the deal.

The combined Goldman capital infusion would add up to $1 billion, fueling growth plans for areas such as retirement and wealth management, says Pensionmark CEO.

Two bills seeking to widen the pool of investors who can invest in private equity passed the House last week by voice vote.

The parent of the Cetera Financial broker/dealer network adds $1.4B RIA; meanwhile, another PE-backed advisory, Mercer Advisors, gets new backing from Altas.

Aquiline Capital leads a funding round for the U.K.-based retirement technology firm with operations in the U.S., Europe, Middle East and Asia.

LGP has taken a minority stake in the insurance, retirement and wealth management aggregator to build on what the firm says has been fivefold growth in the last decade.

The House Committee on Financial Services advanced a bill that would allow RIA clients to invest in unregulated offerings such as private placement stock shares.

Echelon’s quarterly M&A report found private equity financing helped push Q1 2023 numbers above Q4 2022 results.

Retirement services head Rob Barnett say advisers, plan sponsors and Congress all need a better understanding of the DC investment option.

Advisor Growth Strategies reports that  dealmakers are getting more creative amid high interest rates.

Savant Wealth adds retirement services with Capital Directions deal; PE firms CD&R and Stone Point acquire Focus Financial in deal valued at $7B; DeVoe says RIA M&A on track for first decline in a decade; and more.

LMP’s majority stake in the retirement administrator and recordkeeper will fund strategies including “aggressive” strategic acquisition.

U.S. Bancorp Asset Management picks Jim Link to head OCIO Unit; Marshberry adds Madore as financial advisory VP; and more.

FLX picks Broadridge for asset management distribution platform; Hub partners with employee recognition company Blueboard; more than 100 financial firms join CFA’s code to further DEI; and more.

Linqto brings private equity investing to Millennium’s retirement portfolios; Wealthcare Capital Management partners with retirement, health and home equity firms; Morningstar launches research portal for financial advisers; and more.