Articles tagged "Park Sutton Advisors"
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Suitcases of cash for RIA M&A deals are one COVID-19 victim, as RIA buyers leverage economic uncertainty to force more risk on sellers
Sellers are still getting paid at familiar sales prices, but some of the bad old days of 'earn-outs' are back, which delays the time when they can stop worrying about firm cash flow
June 24, 2020 at 2:05 AM
A maverick RIA and a bank walked into a bar in 2006, 2011 and 2014. It's all settling out in a 2018 M&A & spin-off pub crawl
Boston Private lets a $9-billion RIA buy itself back to free up cash to be used to roll up more bank-minded wealth managers this time around and Peter Raimondi is back in the game
May 14, 2018 at 8:05 PM
The HighTower Advisors 'for-sale' rumors grow to include a named suitor
Source says Oppenheimer is consummating a deal but observers question how HighTower could graft its roll-up onto the aging B-D
September 1, 2017 at 2:24 PM
Focus Financial's 'extraordinary' purchase of $16B-AUM SCS Capital and what Stone Point -- both buyer and seller in the deal -- may do to juice its investment
With Stone Point CEO Charles Davis now calling the shots, the RIA roll-up tacks to UHNW-directed RIAs, perhaps for their positioning in selling insurance
May 17, 2017 at 9:06 PM
City National sells off salvaged remains of Convergent Wealth Advisors, but not before Convergent sheds nearly $7 billion of AUM
After a trifecta of traumas, Mark Hurley steps in to fund and help construct deal with Pathstone and PagnatoKarp; cuts a deal with four younger advisors to start segmented division
September 13, 2016 at 5:26 PM
With a reminiscent fire, Elliot Weissbluth personally leads a new charge to buy RIAs
The CEO of HighTower, with a big assist from Liz Nesvold and a $150 million line of credit, is on the prowl for large practices
March 18, 2016 at 4:44 AM
Two RIA M&A firms merge -- sort of -- when they're not competing head-to-head
Park Sutton and Advice Dynamics Partners are trying out the power of two, without too much heavy paperwork
January 19, 2016 at 6:20 PM
An $8.4 billion wealth manager emerges in Milwaukee after old RBC spinoff, Cleary Gull, finds local love
Johnson Financial Group adds 40 advisors and $2.1 billion but does a reverse branding merger
January 7, 2016 at 10:47 PM
Why the PE that helped take LPL public now controls Edelman Financial and plans to invest more heavily
Hellman & Friedman has assumed lead-player status from Lee Equity Partners, the latest move in key-man Ric Edelman's uphill quest to make himself obsolete
October 12, 2015 at 11:26 PM
After pocketing $5.2 million in 2014 comp as Ally Bank CEO, Barbara Yastine joins Lebenthal as Frank Campanale exits
Alexandra Lebenthal takes the co-CEO role of the wealth manager and she intends to woo more female advisors
September 21, 2015 at 10:01 PM
Why a suburban New Jersey bank and a white-shoe $1.3 billion RIA found love in Morrristown
A lousy lending market is stunting Beacon Trust's revenues; enter The MDE Group with its revenue-rich 200 ultra-wealthy clients
January 28, 2015 at 8:54 PM
Wanted: New CEO for Edelman Financial whose name is not Ric Edelman
As Edelman grooms his firm for a sale, the timetable to replace himself at the chief exec spot fast-forwards by years
January 23, 2015 at 8:40 PM
As Boston Private and Banyan Partners merge, the Big Three roll-ups become the Big Four
Banyan's Peter Raimondi will lead the combined entity that could morph into a fearsome acquirer
July 17, 2014 at 4:23 AM
After more than two years of radio silence, Mark Hurley pings with a stake-taking in an under-the-radar RIA
The writer of firebrand reports describes his own company as 'boring' -- questionably -- but lately has lived up to his billing
August 23, 2013 at 5:15 PM
Banyan reels in two more RIAs pushing its assets across the $4 billion line -- now comes the challenge
Peter J. Raimondi gets closer to his dream of creating a national firm with acquisitions of firms with a combined billion in AUM
