Howard Milstein scrubs Mark Hurley's stringent contracts with 22 RIAs then buys $1.5-billion semi-RIA through satellite entity with a looser mandate
With its new billionaire owner calling the shots, the Mark Hurley baby is doing some fence-mending but economical deals remain elusive in crowded market
Author By Lisa Shidler April 18, 2019 at 4:50 AM
Jeff Spears
April 18, 2019 — 5:30 PM
Anytime money is involved and the deal terms are violated it is easy to point fingers and attribute blame to others. Wall Street is Fighting deal terms. I wish there was a structure that worked for all parties but I haven’t found one.
Related Moves
Emigrant Bank 'doubles down' to send Mark Hurley packing and fire up Fiduciary Network, its RIA deal machine
The billionaire-owned New York bank eschewed the quick buck of a top-of-market sale to bet Karl Heckenberg can make Fiduciary Network function even better as its new CEO
