$24 billion advisory firm Lido Advisors is merging with Pegasus Partners, a Wisconsin-based registered investment adviser with more than $3 billion in assets under management. The deal will strengthen Lido's commitment to ultra-high net worth families in the Midwest region “and beyond,” according to Lido Advisors president Ken Stern. Related: RIA Edge Podcast: Ken Stern…
Read More
Opinions expressed by Entrepreneur contributors are their own. My company is moving fast, which has given me the energy to keep up. I've seen what we're capable of and how quickly we can make things happen, and it makes me want to do more. Over the years, I have realized that most of this PROGRESS…
Read More
Abbey Eastham, a former senior manager of investment solutions at Cetera Financial, has joined Realta Wealth, a hybrid broker/dealer and RIA platform in Wilmington, Del. with more than $3 billion in AUM and 150 advisors, as head of advisor relations, a new company. the position created. Eastham spent the last six years at Cetera in…
Read More
Opinions expressed by Entrepreneur contributors are their own. Jeff Bezos once famously said, “If you can't feed a team with two pizzas, it's too big.” While Bezos' management ideas may not have always been perfect, he had one thing right: Bigger isn't always better. Large teams can have advantages, including greater knowledge among the team…
Read More
(Bloomberg) — EF Hutton, the Wall Street household name that was reborn as a leading SPAC investment bank, is splitting up after the two partners who revived the brand agreed to drop lawsuits against each other and hit the road theirs. The firm said in a statement released Sunday that Joseph Rallo and David Boral…
Read More
Join us November 7th at 2pm ET for an important post-election webinar led by tax experts Mark J. Kohler AND Sorensen Food. Whether Trump or Harris wins on Election Day, policy changes are coming that will directly affect the future of small business owners. This webinar will dive deep into the tax laws, regulations and…
Read More
Hightower has agreed to acquire a majority interest in NEPC, an institutional consulting firm and chief investment officer (OCIO). The deal will bring institutional research and investment capabilities to Hightower Advisors. With the addition of NEPC, Hightower and its affiliates will represent over $1.8 trillion in assets under advisement and $258 billion in assets under…
Read More
OpenAI was provided recently 6.6 billion dollars in funding at a $157 billion valuation, but it's far from the only AI company with high fundraising potential. Investors poured $2.9 billion from July to September (Q3) 2024 into the latest US-based AI startups, for PitchBook data. The three US startups that received some of the largest…
Read More
The Securities and Exchange Commission charged New York-based investment adviser WisdomTree Asset Management Inc. for making anomalies and for compliance failures in relation to the way it managed the funds it traded including environmental, social and governance factors. According to the SEC order, from March 2020 to November 2022, WisdomTree invested in companies involved in…
Read More
A month after Salesforce announced it AI agent technology and its CEO Marc Benioff criticized Microsoft's AI effortsMicrosoft DESIGNATED 10 new AI agents that can take care of tasks like sales, finance and customer service. AI agents are different from chatbots in one key way: they can act on behalf of an organization rather than…
Read More