Andrew Foerch

2 days ago | citywire.com | Sam Bojarski |Alec Rich |Andrew Foerch

T. Rowe Price and a consortium of fellow investors made a minority common equity investment to the tune of $1.6bn in global insurance brokerage Hub International Limited (HUB) on Monday. The deal values HUB at $29bn, which the company said is the largest enterprise value to date for a private insurance broker. Along with T. Rowe, investment company Alpha Wave Global and Singaporean state-owned investment firm Temasek participated in the capital raise, as did a slew of new and existing investors.

2 days ago | citywire.com | Andrew Foerch

NASHVILLE, Tenn. — At Citywire RIA’s Nashville CIO Summit on Friday, our editorial team polled several dozen asset managers and RIA investment decision-makers on some of the biggest and most pressing questions about markets and the economy. Their responses varied widely; the unprecedented uncertainty resulting from the Trump administration’s erratic rollout of its tariff policies meant majority consensus answers were rather hard to come by.

1 week ago | citywire.com | Andrew Foerch

A Focus Financial Partners alum has joined Rudy Adolf’s new private investment firm, E-3 Tech. Anita Venkiteswaran has taken the title of chief strategist at E-3 Tech, which Adolf founded last year after stepping down as Focus’s chief executive in the wake of the RIA financier’s take-private sale to private equity firm Clayton Dubilier & Rice.

1 week ago | citywire.com | Andrew Foerch

Serial RIA investor Emigrant Partners has acquired a stake in Elevation Point, a platform led by former Sanctuary Wealth chief executive Jim Dickson which invests in wealth management businesses and teams of breakaway advisors. Through the deal, Emigrant took a minority equity position in Elevation Point and gave the firm a ‘significant’ senior debt facility to help fund its expansion, the firms stated. Specific financial terms of the transaction were not disclosed.

1 week ago | citywire.com | Andrew Foerch |Sam Bojarski |Alec Rich |Selin Bucak

Independent broker-dealer Cetera Financial Group has restructured its internal support teams which serve thousands of affiliated advisors around the country, according to presentation materials viewed by Citywire. Through the plan, advisors will receive consulting and business growth support from designated teams based on their geographic region and Cetera broker-dealer affiliation.