Arax Investment Partners, a wealth management platform backed by private equity firm RedBird Capital Partners, has acquired SRS Capital Advisors, a $1.7 billion AUM Denver-based registered investment advisor. The firm is the latest to join Arax's multi-boutique strategy, in which the company acquires independent RIAs operating under their own Forms ADV that are not included…
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Former CEO of Starbucks Howard Schultz has had a long relationship with the company — he served as CEO or interim CEO on three separate occasions — and now she says one of his biggest business mistakes was not taking advice from one of its most famous founders of technology in history. On the Earned…
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As the wealth management industry evolves, many successful financial advisors are leaving traditional banks, brokerages, brokerages, and broker/dealers to pursue the registered investment advisor designation. While there are a multitude of reasons to make such a career-defining move toward true independence through an RIA, most advisors will rank the control and flexibility to do what's…
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Erika Kullberg now has more than two million subscribers to YouTube and above 21 million followers across her social media accounts — but five years ago, she started with zero subscribers, like all new YouTube creators. Kullberg makes personal finance videos for YouTube, Instagram, Facebook and TikTok, with content focused on helping people achieve who…
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Yext, an online presence management and listings company, has agreed to acquire financial services customer engagement and compliance platform provider Hearsay Systems for up to $220 million. The initial deal is for $125 million, with an additional $95 million in potential performance bonuses. Connected: WealthStack Summary: Rumor Social Study Reveals Increased Engagement, Changes in Content…
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Opinions expressed by Entrepreneur contributors are their own. Email marketing is booming: last year, 52% of marketers said their campaign return on investment (ROI) doubled, while 5.7% of marketers experienced a four-fold ROI compared to 2022, shows a Statista report. How can you create similar results for your business this year? The effectiveness of email…
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(Bloomberg) — Private equity investors see a growing number of “zombie funds” tying up their money, according to a survey by secondary asset manager Coller Capital. Almost 50% of pension funds, insurers or other investors already have money in funds that have little hope of liquidating their assets or raising a successor vehicle, while 28%…
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Lido Advisors, a Los Angeles-based registered investment advisor with $20.6 billion in assets under management, has acquired Shore Morgan Young, an RIA with over $615 million in AUM in New Albany, Ohio. The area has quickly become a tech hub and dubbed “The Silicon Heartland,” with a number of new construction projects from Intel, Facebook,…
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Disclosure: Our goal is to display products and services that we think you will find interesting and useful. If you purchase them, the Entrepreneur may receive a small portion of the sales revenue from our trading partners. More than 20% of small business owners surveyed said they expect rising prices to be their biggest business…
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This Side Hustle Spotlight Q&A features Kyle Morrand, founder and CEO of 302 Interactive, a company that provides “an all-in-one solution” for augmented reality mobile applications, game development, virtual reality and immersive experiences. In addition to its gaming offerings, 302 Interactive develops experiences for projects including assistive technology devices for the visually impaired, training simulators…
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