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Bain Capital buys 29% stake in Carson Group, giving the quasi-independent financial advisory firm a $1 billion valuation

14 Min Read John Eubanks, a director and CFP at Park Sutton Advisors, an investment bank in New York that specializes in financial services firms, says that private equity shops buying minority stakes in advisory firms “is a recurring theme right now.” The investments are attractive, he says, because of the growing profit margins at RIAs, an upswing that has led to “a premium in valuations being paid now.” Independent advisor practices have been in a flurry of mergers and acquisitions f...
New York United States David Devoe Hellman Friedman Ron Carson Warburg Pincus

Community celebrates National Day of Prayer

1 of 3 The Rev. John Eubanks, a pastor of Friendship Church, gestures as he prays for the Church during Thursdays National Day of Prayer observance on the Colquitt County Courthouse Square. Kevin C. Hall/The Moultrie Observer John Norman, owner of Prospex Promotions, prays for local businesses during Thursdays National Day of Prayer observance on the Colquitt County Courthouse Square. Kevin C. Hall/The Moultrie Observer The Rev. Benji Nobles, pastor of Greater Believers ...
United States Charlie Tucker John Eubanks Steve Scarrow Jim Matney Paul Nagy

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Memo: Dozens Of Former NFL Players Filed False Insurance Claims

Memo: Dozens Of Former NFL Players Filed False Insurance Claims Former NFL players are accused of insurance fraud. Lexington Herald-Leader (KY) Dozens of former professional football players filed fake insurance claims in recent years but were not charged in the scheme, according to a sentencing memorandum in a federal court case. The investigation has resulted in charges against 15 former National Football League players in federal court in Lexington. However, the insurance company involved in...
San Diego United States San Francisco Donald Reche Caldwell Fredrick Bennett John Eubanks

Weekly soup kitchen feeds the needy despite pandemic

1 of 3 Jennifer Cadenhead and Cindy Fischer prepare to give meals to Frankie Cadenhead, not in photo, so he can hand them to those waiting in line. Jack R. Jordan/The Moultrie Observer Frankie Cadenhead and Cindy Fischer bag up meals to be given out Wednesday. Jack R. Jordan/The Moultrie Observer The Pathway Outreach Soup Kitchen has had to limit participation due to the coronavirus pandemic. On Wednesday, volunteers included, from left, Frankie Cadenhead, Jennifer Caden...
Frankie Cadenhead David Plymel John Eubanks Cindy Fischer Jennifer Cadenhead Frankie Eubanks

Neighbors withdraw objections to hotel plans plans in Palm Beach

NewsSocietyShiny ShotsArtsReal Estate NewsLifestyleUSA TODAYObituariesE-Edition Neighbors withdraw objections, sign off on Palm House landscape plans Owner agrees to enhance landscaping, change architectural plans to provide more buffers for privacy, noise at Palm House project. Darrell Hofheinz Palm Beach Daily News The owners of the Palm House hotel property have hammered out a settlement with their Brazilian Avenue neighbors, who have withdrawn their objections to the long-delayed renovation...
United States City Of United Kingdom Sean Mclendon Darrell Hofheinz John Eubanks

The New SPAC in Town | Wealth Management

Will a Wealth Management SPAC Succeed? While the structure is appealing, RIA sellers often focus more on who the partner is going to be and what they bring to the table in terms of peer groups and resources. With a SPAC, a lot of those are unknown. Last month, Kingswood Acquisition Corp., a special purpose acquisition corporation, or SPAC, sponsored by the owners of British wealth management firm Kingswood Group and a sister company to advisory firm Kingswood U.S., announced that it ha...
South Gloucestershire United Kingdom Larry Roth Tim Bello Derek Bruton John Eubanks

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