Articles tagged "Dan Seivert"
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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
Stone Point and KKR buy Focus Financial for $2 billion by employing massive leverage
PE giants with loans of about $1 billion -- psyched that the roll-up's roll flow is snowballing in 2017 -- cash out Centerbridge, Polaris, Summit, several advisors and employees
April 19, 2017 at 4:39 AM
HighTower picks up $6.4-billion roll-up on the cheap but the valuation may reflect WealthTrust's stagnant growth and profitability
The Chicago roll-up gets an embattled league of RIAs for about $70 million by persuading its financiers to double down and private equity owners to suck it up
April 13, 2017 at 11:35 PM
This time LPL share jump is traced to E*Trade
Critically late to the advice game and at loose ends after TD-Scottrade union, the New York-based discount broker has a lean and hungry look, according to Dealreporter
November 2, 2016 at 4:29 PM
Coming RIA custody fees and a new recruiting war catch the attention of deal hounds in Manhattan
At ECHELON event at NYAC, action items aplenty assaulted attendees -- especially with Apr. 30 looming
October 21, 2016 at 9:49 PM
LPL Financial share price tumbles to pre-hostile bid levels in atmosphere of eerie calm
LPL reps shrug their shoulders over a possible sale and investors seem in no hurry to buy but experts say the B-D has what PE loves -- lousy growth but terrific cash flow
October 21, 2016 at 6:57 PM
Nationwide buys Jefferson National under purported DOL duress but 'good private equity' and good planning may rule the day
The big Columbus, Ohio national insurer can certainly use a fiduciary annuity -- if there is such a thing -- but ROI is impetus number one
September 30, 2016 at 7:25 PM
Why Focus Financial is risking it all -- including the advantages of privacy and private stock -- for a successful IPO
RIAs are perhaps being held in place by just those two elements, but with $1-billion valuation on the line, the liquidity event is taking on a life of its own
August 30, 2016 at 6:57 PM
Spinning 200+ years of legacy culture as a virtue, BNY Mellon uses Pershing INSITE to show its software side, softer side -- as it gets beyond NetX360 and men with a hard-wired approach
Whether real fire follows these new clouds of smoke remains to be seen but Pershing's open API, robo strategy and feminine revolution project an aura of uplift
June 10, 2016 at 4:20 PM
Charles Goldman's turnaround of Genworth castoff leads Chinese investor to pay stunning price
AssetMark grew from $21 billion of AUM to $29 billion but PE firms made quick 300% return
April 12, 2016 at 3:47 AM
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
Why a $1 billion-plus RIA attended Dan Seivert's two-day M&A conference despite having no intention of buying or selling
Scott Hanson came away deeply impressed by how deals could accelerate the RIA business's bid to comparability with other professions
September 21, 2015 at 6:51 PM
Report: Focus Financial is preparing SEC paperwork for its initial public offering -- but is it jumping the gun?
With $325 million in revenues, the jumbo New York roll-up seeks to assuage a host of liquidity challenges
July 7, 2015 at 3:36 PM
First Republic buys an eight-year-old RIA for $115 million
The BoA spin-off gets Paul Tramontano's Constellation Wealth Advisors and its $6.1 billion of assets
June 17, 2015 at 4:12 PM
Philly buyer lays down a cool $199 million in cash to buy FolioDynamix, the better to put Envestnet firmly in its sights
The 'it' factor of the 2007 start-up was its revamped Sungard orphan software with LPL, Pershing and Cetera as anchors
