All articles by Satarupa Bhowmik
Satarupa Bhowmik
Mariner adds $1bn in assets with three acquisitions
The deals form part of Mariner’s efforts to expand to 5,000 advisors by 2027.
Wealth Enhancement acquires Ohio RIA Danison & Associates
This deal adds over $82m in client assets of Danison & Associates to Wealth Enhancement’s portfolio, which now exceeds $103bn.
Liechtenstein’s LLB completes acquisition of ZKB Austria
The acquisition sees LLB taking over 100% of ZKB Austria’s share capital. Credit: fizkes/Shutterstock.
Bain Capital sweetens buyout offer for Insignia to nearly $1.8bn
Insignia is receiving financial advice from Citigroup, Gresham Advisory Partners, and legal counsel from King & Wood Mallesons.
Kuwaiti asset manager Markaz adopts Objectway tech
Objectway tech is said to help Markaz gain access to data-driven decision-making capabilities for client-facing activities.
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Nomura appoints new COO for international wealth business
Nemali will report to Aleem Jivraj, Nomura’s COO of global markets, and Ravi Raju, head of international wealth management.
Mariner adds $292bn in assets with Cardinal Investment Advisors deal
The integration of Cardinal will increase Mariner’s total assets under advisement to roughly $550bn.
First American Bank taps InvestCloud to enhance digital wealth platform
With InvestCloud’s tech, FAB looks to simplify digital experience by consolidating investment data, reporting, and documents.
BlackRock to trim staff headcount by nearly 1%
This decision follows the firm’s investments in growing its private-market assets and data capabilities.
Merrill Wealth Management forms advisory group to serve UHNW clients
The new group will help advisors build tailored portfolios for clients with custom asset allocation and multi-asset strategies.