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A major recruiting move and a large acquisition reflect a marketplace that experts say hasn’t been negatively affected by volatility, inflation or rising interest rates.
Verdence Capital Advisors Sells Minority Stake to Emigrant Verdence will use the fresh capital to hunt for more talent and further develop its family office and financial planning services. Emigrant Partners, a private equity subsidiary of New York Private Bank & Trust, has taken on another growth project in the registered investment advisory space. On Wednesday, it completed its minority investment in Verdence Capital Advisors, a wealth management and family-office firm based in Baltimore. Verdence opted for convertible equity, a type of seed financing for young companies, under the...
$1B Wealthstreet Investment Advisors Chooses Partnership with Beacon Pointe Beacon Pointe Advisors' Largest RIA Acquisition To-Date News provided by Share this article Share this article NEWPORT BEACH, Calif., April 1, 2021 /PRNewswire/ -- Beacon Pointe Advisors ("Beacon Pointe") has just closed its largest acquisition to-date, partnering with Wealthstreet Investment Advisors ("Wealthstreet"), an RIA located in Dallas, Texas. Wealthstreet is the first firm to join Beacon Pointe with over $1B AUM. With the combination of Wealthstreet and Beacon Pointe's existing office in Plano, TX (an acqui...
Share this article Share this article MINNEAPOLIS, Jan. 14 2021 /PRNewswire/ -- Wealth Enhancement Group, an independent wealth management firm, today announced its acquisition of Reby Advisors, an independent registered investment adviser (RIA) based in Danbury, Conn., with approximately $727 million in client assets*. Upon closing, the transaction is expected to bring the number of Wealth Enhancement Group locations in the New York metro region to eight, while bringing the firm's total client assets* to $27.2 billion. Founded by CEO Robert Reby in 1989, Reby Advisors focuses on working wit...
Nearly three decades after launching their practice, the two founders say they’re looking forward to spending more time with clients.