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After $2-billion asking price for Ascensus gets no bites, Genstar and Aquiline opt to sell 25% stake to juice roll-up kitty

Atlas Merchant Capital and GIC are the new financiers but the capital raise suggests inorganic growth is still Plan A

Author Oisin Breen March 11, 2019 at 6:39 PM
2 Comments
no description available
Bob Guillocheau: [This] most certainly isn’t a climb-down; to the contrary, I’d say that it reflects our existing owners’ bullishness.

401(k) Stories


Martha Williams

Martha Williams

March 12, 2019 — 7:18 PM
Please correct photo. Aaron's photo is not correctly labeled.
Brooke Southall

Brooke Southall

March 12, 2019 — 8:24 PM
Should be fixed now. Sorry and thanks.

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September 11, 2024 at 4:12 AM

SMArtX is loading up on Envestnet talent as re-peopling rolls on -- post Morningstar disruption -- with two hires from the Berwyn, Pa., TAMP

The West Palm Beach, Fla., TAMP is getting Courtney Robertiello and Jacqueline Burke, and their staggering 29 years of experience for 'growth and innovation,' the company says.

July 4, 2024 at 2:09 AM

Betterment whistleblowers net $2.5 million • Wealthfront's big pivot leads to profits • Altruist launches tax service • CMOs in at Ascensus, Wealthspire & Joe Duran's Rise • Savvy bags four advisors as Mariner sues it for poaching • Jim Dickson launches RIA stake buyer

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June 29, 2024 at 3:00 AM

Morningstar's sale of TAMP's $12-billion book-of-business to AssetMark ends two-year run that fell short on growth; whether RIAs stick or flee will determine fate of deal

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Mentioned in this article:

Pershing Advisor Solutions
Asset Custodian
Top Executive: Mark Tibergien

Ascensus
Third Party Administrator
Top Executive: David Musto Chairman & CEO



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