Cetera Financial Group announces latest insurance company carve-out by Kali Persall | Oct 9, 2024 Cetera Financial Group, the premier financial adviser Wealth Hub, has agreed to acquire Concourse Financial Group Securities, Inc. (CFGS), a subsidiary of Protective Life Corp., via an asset acquisition.
BlackRock launches new technology platform for asset managers by Kali Persall | Oct 9, 2024 BlackRock has launched eFront Provider, a new fund-servicing technology platform designed to offer asset managers a modern fund-servicing experience, which includes real-time views into their clients’ private markets investor, fund and investment data.
U.S. adds 254,000 jobs in September by Loretta Clodfelter | Oct 9, 2024 Total nonfarm payroll employment increased by 254,000 in September, higher than the average monthly gain of 203,000 over the prior 12 months, according to the Bureau of Labor Statistics, and the unemployment rate was 4.1 percent.
Ares Management Corp. to acquire GCP International in $3.7b transaction by Released | Oct 8, 2024 Ares Management Corp. has entered into a definitive agreement with GLP Capital Partners to acquire its international business (GCP International), excluding its operations in Greater China, in a transaction valued at $3.7 billion.
The National Due Diligence Alliance to join forces with ADISA by Released | Oct 8, 2024 ADISA, the nation’s largest trade association for the alternative and direct investment space, and The National Due Diligence Alliance (TNDDA), a nonprofit trade association of independent broker-dealers, advisers and family offices and a facilitator of the due diligence process for the alternative investment industry, will unite under the ADISA name.
Financial advisers play a critical role in expanding high-net-worth investors’ access to alts by Kali Persall | Oct 8, 2024 As alternatives continue to capture the interest of high-net-worth investors, financial advisers have a key role to play in making these opportunities accessible, according to a new survey released by Brookfield Oaktree Wealth Solutions, conducted by independent research organization CoreData.
Hamilton Lane launches two evergreen infrastructure funds for accredited investors by Kali Persall | Oct 8, 2024 Private markets investment management firm Hamilton Lane has launched two new evergreen infrastructure funds in a move to expand accredited investors’ access to private market investments.
Savant Wealth Management promotes Kevin Hrdlicka to head of wealth by Kali Persall | Oct 8, 2024 The $28.7 billion Rockford, Ill.-based Savant Wealth Management has promoted Kevin Hrdlicka to head of wealth.
Blue Owl Capital to acquire IPI Partners, team up with ICONIQ by Kali Persall | Oct 8, 2024 Alternative asset manager Blue Owl Capital has agreed to acquire the business of digital infrastructure fund manager IPI Partners for approximately $1 billion.
Wealth Enhancement Group acquires $2.4b hybrid RIA FinTrust Capital Advisors by Kali Persall | Oct 7, 2024 Wealth Enhancement Group, a national independent wealth management firm with more than $94.7 billion in client assets, has acquired FinTrust Capital Advisors, a hybrid RIA with more than $2.39 billion in client assets.
