Eric Becker brings client point of view to family office

Cresset cracks the family office market with a unique proposition; a suite of touchy-feely services that go beyond money management and help clients manage their lives

Cresset, guided by two savvy venture capitalists. is aiming to build the next-generation multi-family office on an independent, employee- and client-owned platform

17 hours ago by By Lisa Shidler

Chicago-based Cresset Capital Management, founded by private equity entrepreneurs Eric Becker and Avy Stein, just launched a family office in San Francisco that will include touchy-feely services that most other family offices don't offer.

Avy Stein: Bringing a unique family office to market.

Cresset ...

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Tony Salewski: Cetera's ability to recruit advisors moves the needle in a way that's the most attractive to grow ... There's so much we can do at the base that M&A is not the key part of the thesis.

After RIA private equity hot-shot Genstar's $1.7 billion purchase of ugly duckling Cetera, Robert Moore plans to take on LPL--not with acquisitions, but a recruitment storm

Genstar bought a majority share in Cetera in July for a rumored $1.7 billion; now Genstar MD Tony Salewski and ex-LPL President and Cetera CEO Robert Moore have put ramping up the rep count front-and-center in their plans to turn the long-troubled IBD ugly duckling into a market giant at LPL's expense.

August 15, 2018 — 12:35 AM UTC by Oisin Breen

With fresh capital, new partners and a radical new plan to turn reps into owners, ex-LPL chief-in-waiting and Cetera Chairman and CEO Robert Moore is no longer playing the niche game.

Robert Moore: We stood in the face of adversity unlike any other firm in ...

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Eric Clarke: We need to be willing to embrace the advisor's vision, even if at times it means we have competitive overlap.

Orion wins its 95th LPL advisor to show it's also advancing on Envestnet in the broker-dealer market and greening up its pastures

The Omaha, Neb.-based software maker just bagged $5-billion AUA OSJ, Independent Advisor Alliance

August 13, 2018 — 5:54 PM UTC by Oisin Breen

Brooke's Note: Much of what is exciting in the RIA business is the creation of new models. But the other side of it is that new combinations, in concert with evolution, are creating a mutant class of stronger players. LPL and Orion teaming up to ...

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New York Attorney General Barbara D. Underwood leading coalition

Posse of top cops from 17 states dresses down SEC, demand same fiduciary standards for broker-dealers and RIAs and cite other 'egregious' deficiencies in proposed son of DOL rule

Since the 5th Circuit Court of Appeals in March struck down the Department of Labor's (DOL)  embattled "fiduciary rule," broker-dealers have been operating with a virtual "get-out-of-jail-free" card

August 10, 2018 — 8:18 PM UTC by Keith Girard

In a prelude of what could be a major legal challenge of the Securities and Exchange Commission's (SEC) proposed "best" interest" regulation, a coalition of 17 state Attorneys General charges the measure fails to hold broker-dealers to the same fiduciary standard as RIAs. The ...

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Peter Mallouk has an office building that reflects his success; now the focus is on growth

Peter Mallouk has diamond as big as The Ritz, a flashy new Kansas City headquarters, complete with Silicon Valley perks; Now his new goal--top $40 billion in assets

'Everything's up to date in Kansas City, They gone about as fer as they can go;' Giant RIA, Creative Planning Inc., upgrades its Overland Park headquarters to set the stage for more explosive growth

August 9, 2018 — 5:47 PM UTC by By Lisa Shidler

Peter Mallouk knows nothing says success like having the name of your company featured atop a shiny glass office building, and now, he's got just that in a Kansas City suburb overlooking the modest, 6,000 square-foot building where firm, Creative Planning Inc., launched in 1983.

Eric ...

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David Solomon: Organizations, to move forward, have to evolve, they have to change, they have to adapt.

Goldman Sachs banking on David Solomon to be a catalyst for more RIA-ifcation, getting hip with millennials, diversifying firm... and keeping bankers happy

Solomon is the perfect fit for the advent of 'an enlightened wirehouse', but it's the same old Goldman, say experts, with the sly understanding that the phrasing has oxymoronic overtones.

August 7, 2018 — 11:52 PM UTC by Oisin Breen

Brooke's Note: Under Lloyd Blankfein's reign as CEO, Goldman Sachs was known on Wall Street as a bare-knuckle brawler. But he also maintained its brand through the punishing Great Recession. The alpha predator firm is still setting a standard for competence and hard work -- at least ...

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Simon Stilwell: InvestmentNews has received relatively little investment over the last few years. There is, therefore, the potential to deploy capital to accelerate growth organically of revenues streams and margins,

How InvestmentNews may become nucleus of U.S.-based roll-up if UK investment banker succeeds with 'wild swim' across Atlantic to purchase it

If Vitesse pulls off 'reverse merger,' it can use the cash-cow revenues of the Manhattan-based Crain weekly to fuel string of 'bolt-on acquisitions' in United States

August 6, 2018 — 5:32 AM UTC by Keith Girard

Brooke's Note: The 2008-2009 financial crisis hit RIAs hard but it may have slammed financial publications harder. Asset managers and custodians cut advertising budgets, sure, but unseen by the public were the pains of a broader shift beginning from print publications to digital. A ...

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