Mergers & Acquisitions
Watch breaking news videos and read news updates about Mergers & Acquisitions on investmentnews.com
Bank executives adopting the RIA model as they build wealth units, Fidelity study finds
Fastest-growing units are turning toward fee-based investment and planning advice.
Oregon advisers blaze their own trail
Team from Merrill Lynch that advises on $700M in assets forms RIA partnership.
Cantor Fitzgerald makes big splash in wealth management with First Commonwealth deal
Renowned trading firm strikes a deal to acquire a bank-owned RIA with more than $2 billion in assets. And it's not finished. Here's what Cantor is looking for.
Steward Partners adds consulting unit
A new Raymond James-backed firm launched by wirehouse exiles is building a consulting unit. Steward Partners Holdings acquired the practice of a New York-based recruiter with roots in management at Morgan Stanley, Steward Partners annnounced this week. Steward's equity-partnership model includes an
United Capital holds tight to its purse strings
The firm has not dipped into its $30 million fundraising; early partners continue to hold on.
Wirehouse breakaway market seen thawing
After a mostly frigid 2013 for recruiting from wirehouse brokerages, agents responsible for selling those brokers on the benefits of free agency are cautiously optimistic that a thaw has finally set in.
Independent broker-dealer M&A market is heating up
Competition for deals increases as more buyers are chasing fewer sellers across the independent broker-dealer space.
Southwest Securities could be sold to big shareholder
The parent company of Southwest Securities, SWS Group, received $7-a-share offer from Hilltop Holdings. The offer was a 16% premium to the stock's closing price on Thursday. Bruce Kelly has the story.
Legg Mason hires Wells Fargo exec to head acquisitions
After five years of net acquisitions, Legg Mason hired Thomas Hoops from Wells Fargo & Co. to head business development as the firm seeks to expand its products and make acquisitions.
Wealth Enhancement Group moves into Chicago area
Wealth Enhancement Group, which has $3.7 billion in AUM, has nearly doubled its assets since 2007.
Savant Capital acquires Northern Illinois RIA
Independent registered investment adviser Savant Capital Management has agreed to acquire Paragon Advisors, a Naperville, Ill.-based RIA, in a deal that will boost Savant's assets under management to $3.7 billion. Terms of the acquisition were not disclosed but Savant said in a statement that the
RidgeWorth breaks from SunTrust in private-equity deal
With funding from Lightyear Capital, employees will acquire RidgeWorth at a price of up to $265 million.
Merger math: Can 1+1 = 3?
What should you be looking for in a potential merger candidate? First, you need to have similar investment styles and fee structures. Beyond that, chemistry and cultural fit are key.
Mariner snaps up New York advisory firm with $780M in assets
Mariner Wealth Advisors has acquired a New York City-based financial advisory firm that manages $780 million for clients, a spokeswoman for the firm said on Monday. The deal to join forces with the 20-person staff at RR Advisory Group is a coup for Leawood, Kan.-based Mariner, a national,
The startup costs of advisers' going solo
When asked by financial advisers if it's too expensive to go out on their own, set up shops and create unique brands, I tell them they will definitely incur costs but they aren't necessarily prohibitive — especially for those with an entrepreneurial mindset.
Explore your opportunities and be informed for your next move.
February 27, 2014