Page 31 - Mark Bruno News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Press release content from Business Wire. The AP news staff was not involved in its creation. Allegent FCU Acquires Riverset Credit Union, Pittsburgh, Pennsylvania February 2, 2021 GMT PITTSBURGH--(BUSINESS WIRE)--Feb 2, 2021-- The acquisition of Riverset Credit Union establishes Allegent Community Federal Credit Union (Allegent FCU) as one of the largest and most prominent credit unions in western Pennsylvania. The combination of these two local, vibrant, and financially stable credit unions has expanded Allegent FCU’s footprint in Pittsburgh. This allows increased resources, products, rea...

MAI Capital Buys $700M HW Financial Advisors MAI Capital was one of the most active RIA acquirers in 2020, leading a charge for mid-size firms. Cleveland, Ohio–based MAI Capital is acquiring HW Financial Advisors, an affiliate of accounting firm Howard, Wershbale & Co (HW&Co) in Beachwood, Ohio. MAI Capital made the announcement Wednesday.   HWFA will continue its relationship with HW&Co but under the new management of MAI Capital, according to the announcement. HWFA is a 20-year-old registered investment advisor managing $700 million in client assets and headed by Stephen Rudolph...

Despite the economic drag of the global pandemic, 2020 was a banner year for RIA consolidation, and nobody sees an end to that anytime soon.

RIA M&A started 2021 with a bang last week, with eight significant deals announced and a total of $159.6 billion in assets changing hands.

Investment news and analysis for financial advisers. Extensive coverage and expert comment on important topics in the financial advisory industry.