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Warburg Pincus takes stake in Edelman Financial Engines
NEWS RIAS MAR 16, 2021
Warburg Pincus takes stake in Edelman Financial Engines

Hellman & Friedman, which bought a stake in Edelman in 2015 and combined it with Financial Engines in 2018, will remain majority shareholder.

Will Fuller named president and CEO of Transamerica
RETIREMENT RETIREMENT PLANNING MAR 15, 2021
Will Fuller named president and CEO of Transamerica

Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.

Team managing $440 million joins LPL from Royal Alliance
NEWS BROKER DEALERS MAR 15, 2021
Team managing $440 million joins LPL from Royal Alliance

The eight-adviser Monteverde Group is based in Pittsburgh.

THE INVESTMENTNEWS PODCAST MAR 15, 2021
40 years in the making: The final SEC rule on adviser marketing

Kurt Wolfe, securities attorney with Troutman Pepper, discusses the final updated rules from the SEC on adviser marketing. The rule hasn't changed in nearly 40 years, so Jeff, Bruce, and Kurt have plenty to discuss, including what is allowed in the new guidelines, differences for brokers vs. advisers, and more.

SEC charges Texas oil-and-gas fund managers with $17 million fraud
NEWS REGULATION AND LEGISLATION MAR 12, 2021
SEC charges Texas oil-and-gas fund managers with $17 million fraud

Patrick Duke and Paul Haarman of APEG Investors allegedly kept $2.6 million of what they raised from investors.

Voya to serve as record keeper for two new PEPs
RETIREMENT RETIREMENT PLANNING MAR 11, 2021
Voya to serve as record keeper for two new PEPs

Unison Risk Advisors and TAG Advisors are launching pooled employer plans.

Morgan Stanley team managing $1.5 billion goes to Rockefeller
NEWS INDUSTRY NEWS MAR 11, 2021
Morgan Stanley team managing $1.5 billion goes to Rockefeller

Maentz Machlovitch Group in Los Angeles specializes in working with Native American tribes.

Hybrid managing $260 million switches to LPL from First Allied
NEWS BROKER DEALERS MAR 11, 2021
Hybrid managing $260 million switches to LPL from First Allied

The Fox Alliance, a 15-person team that includes six advisers, is based in Austin, Texas.

Jackson National top seller of annuities in 2020
RETIREMENT RETIREMENT PLANNING MAR 10, 2021
Jackson National top seller of annuities in 2020

The insurer also led in variable annuity sales last year, while New York Life sold the most fixed annuities.

French asset management firm to buy Litman Gregory
NEWS INDUSTRY NEWS MAR 09, 2021
French asset management firm to buy Litman Gregory

iM Global Partner intends to enhance its U.S. distribution capabilities with the acquisition of the California wealth and asset management firm.