Last year global asset manager Affiliated Managers Group Inc. launched a new subsidiary with the aim of acquiring equity in top boutique investment management firms. Today the company said it is taking a majority stake in its first business...
If you opened up a copy of BusinessWeek just two weeks ago and bothered to glance through the ads, you’d see a picture of $2.3 million producer Peter Sargent featured in Merrill Lynch’s ‘The Power of the Right Advisor&rsquo...
Focus Financial Partners’ pockets just got a lot deeper. A consortium of banks approved a credit facility of up to $320 million for the New York City-based registered investment advisor aggregator, almost double the size of its previous...
Merrill Lynch will break out fees for asset management services, mutual funds, alt investments and commodities when it mails January account statements later this week.
Matrix Wealth Partners, in registering as an investment adviser last month, disclosed that it’s partly owned by former Lehman Brothers head Richard Fuld.