North Carolina bank, which makes loans to RIAs, launches Live Oak Private Wealth with $400 million under management
'Banana peel month' has seen some big market slips
Internal memo shows first stages of a $4 billion cost-cutting plan, but critics argue that blending the two divisions will be difficult.
As interest rates climb, advisers are forced to rethink the cash management fund links to brokerages and custodians.
In its first quarterly earnings call, CEO Rudy Adolf said the roll-up company had access to $825 million in cash and credit to buy more firms.
Growing pressure on fees and disclosures drives fund industry limits on C-share investing.
Financial advisers reduce allocations to stocks, but keep aggressive buying on track
Tapping into a market of registered investment advisory firms that want to sell at the top
The acquisition is Sequoia's third since 2016 and adds $776 million to its AUM.
Move is latest in Chicago-based RIA consolidator's effort to expand senior leadership team.
