(Bloomberg) — For years, as private lending exploded into a $1.7 trillion industry, the line from the market's biggest players was that their deals were, simply put, safer. Certainly safer than the high-yield bond market and also safer than the leveraged loan market, where struggling companies can take advantage of weak investor guarantees and join…

David Canter, former head of RIAs and family offices in Institutional Fidelity and interim president of Bluespring Wealth Partners, has joined the board of directors at Parallel Advisors, a registered investment advisor with $7.5 billion in client assets. “David's reputation precedes him as an admired and influential expert in the RIA field,” Parallel Advisors CEO…

(Bloomberg Markets) — When Daniel Lefferts was an MFA student working on an early draft of his novel, Ways and Means, he would ride the subway downtown to observe a specific group of New Yorkers. “I would just walk through the Financial District and see these men coming out of the buildings and running to…

A Florida-based team with about $490 million in assets under management is joining Raymond James' independent advisor channel from Merrill Lynch. Counsel John Meffert, Warren Scroggie and Ross Davis will operate as Scroggie Meffer Davis and Associates in Ocala, Fla. (client services associate Amanda Bryan will also join the team). Connected: Raymond James Adds $1…

Omaha, Neb.-based Avior Wealth Management. sold a minority stake to Constellation Wealth Capital, private equity firm founded by former Emigrant Partners CEO Karl Heckenberg late last year to invest in the growing channel. Avior represents Constellation's seventh deal to date, with a total of approximately $110 billion in assets under management. Connected: Allianz, Constellation Wealth…

Mercer Advisors, a wealth management and financial planning business with $60 billion in client assets, is expanding its private markets reach with the launch of the Aspen Partners platform. Aspen Partners is a proprietary private markets platform built by Mercer Advisors for the purpose of providing institutional-level access on institutional-level terms to qualified individual investors….

Sponsored by Today, about 87% of US companies with annual revenues exceeding $100 million are privately held.1 Long used by institutional investors as fundamental portfolio building blocks – private market assets have historically demonstrated an ability to provide diversification, improved returns and reduced volatility for investors. , Our 5-Step Guide to Private Markets explores the…

How does the RIA industry justify acquisitions at high-flying multiples while net organic growth stagnates? Assets under management don't tell the whole story. To get a clear answer, we need to look under the hood at the engine driving business growth right now. Connected: Special considerations of pursuing minority stake M&A deals A study published…

Another advisory team that joined JP Morgan Wealth Management after the firm bought First Republic is set to leave. In this case, a Boston-based team led by Brian Nagle, which manages about $1 billion in client assets, is leaving JP Morgan for Citizens. Connected: Cresset adds $5 billion to ex-First Republic teams by fleeing JP…

A pair of Los Angeles-based advisors with more than $300 million in client assets are joining SLK Private Wealth, a Sanctuary Wealth partner firm, from Wells Fargo. Adam and Eleanor Weinstock move to SLK comes two years after a team of 13 Wells Fargo advisors left the wire to form SLK under Sanctuary. Connected: The…