Merchant Investment Management, a New York-based private equity firm, has taken a minority stake in Signet Financial Management, a Parsippany, New Jersey-based registered investment advisory firm managing $850 million.
Terms of the deal, Merchant's first this year, were not disclosed.
The investment will help Signet continue its efforts to grow, which focus on attracting breakaways, the firm's CEO, Eugene Yashin, said in a release.
Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.
Whichever path you go down, act now while you're still in control.
Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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