Andrew Foerch
Reporter at Citywire RIA
Reporter @CitywireRIA covering investment advisors - send tips to [email protected] / Formerly @SFVBJ
Articles
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3 days ago |
citywire.com | Ian Wenik |Tania Mitra |Andrew Foerch |Joe Duran
Vanguard on Monday launched its first dynamic asset allocation fixed income model portfolios for advisors. Called the Vanguard fixed income risk diversification and the Vanguard fixed income total return, the models seek to outperform the Bloomberg US Aggregate Index and Bloomberg US Universal Index, respectively. They have been built for a range of time horizons and risk profiles.
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6 days ago |
citywire.com | Ian Wenik |Andrew Foerch
With Alex Steger out, Ian Wenik and Citywire RIA deputy editor Andrew Foerch discuss the made-for-Hollywood story of an RIA’s CEO getting to participate in the Masters golf tournament, Ian’s scoop on layoffs at Orionand Andrew’s exclusive story on private equity firm CIVC Partners investing in a $10bn wealth manager. Already have an account? Do you personally advise on or manage investments for clients?
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1 week ago |
citywire.com | Andrew Foerch |Tania Mitra
Independent brokerage giant Cetera Financial Group has laid off a ‘small’ number of employees, a company spokesperson confirmed. It is unclear how many people were let go and which departments got hit, but the spokesperson said that there was ‘little to no impact’ on advisor-facing roles. ‘As part of a strategic realignment to strengthen our long-term growth, we have made the difficult decision to make a small reduction in our workforce,’ the spokesperson stated.
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1 week ago |
citywire.com | Andrew Foerch
After evaluating RIAs from the sidelines for the better part of a decade, private equity firm CIVC Partners has finally found its Goldilocks fit. Citywire reported on Monday that the Chicago-based, middle market-focused investment shop agreed to take a majority interest in Cary Street Partners, a Richmond, Va.-based wealth and asset manager with roughly $10bn in client assets.
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1 week ago |
citywire.com | Sam Bojarski |Andrew Foerch |Ian Wenik |Eva Thomas
Discount brokerage giant Charles Schwab has made a minority investment in estate planning platform Wealth.com, the companies said Wednesday. Specific financial terms of the transaction, including the size of Schwab’s stake and the valuation assigned to Wealth.com through the deal, were not disclosed.
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Another big process is nearing a close.
Private equity firm Lovell Minnick Partners is in talks to invest in $7.5bn Americana Partners, according to sources with knowledge of the situation: https://t.co/OYD3wVRzSj
Big news this morning.
BlackRock and JP Morgan Asset Management have invested in RIA platform Dynasty Financial Partners in a deal that values the company at roughly $800m: https://t.co/AQocLiBWKN
RT @CitywireRIA: Breaking — Private equity giant TPG has agreed to make a 'substantial' minority investment in $375bn RIA Creative Planning…
