Embracing the NFL private capital in September, allowing pre-selected firms to buy up to a 10% stake in its teams, was the latest twist in the growing trend of private funds entering the arena of professional sports. A less heralded part of this growing area, however, is on the side of debt or hybrid plays….

The 2024 election is less than two weeks away and national races are too close to call. Polls show a virtual dead heat in the presidential race, with control of both houses of Congress evenly up in the air and very different views on economic policy and the role of regulation from the two presidential…

Private equity firm Lovell Minnick Partners is taking a majority stake in Americana Partners, an $8.5 billion Houston-based firm (and member of the Dynasty Financial Partners network). LMP will be the first owner of the firm outside of its founders and management team. In a statement about the deal, Americana CEO Jason Fertitta called it…

A team of Cincinnati-based advisors has moved their book of business to LPL Financial. Dougherty, Tedesco & Associates previously managed approximately $800 million in client assets at Osaic. They joined Osaic through the acquisition of the firm Lincoln Financial's wealth businesswhich closed in May. The firm was founded by Charlotte Dougherty in the early 1980s….

He was recently awarded the Nobel Prize three economists who demonstrated the importance of social institutions for the prosperity of a country. They found that freer, more open societies with “inclusive” institutions were more likely to prosper than societies with “extractive” institutions designed to benefit the few in power. Their conclusion is not surprising, but…

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A Texas-based adviser managing more than $1.3 billion in assets is joining Raymond James from Merrill Lynch, the second $1 billion team to leave the house for Raymond James this week. Melinda Johnston is based in Fort Worth, Texas, and will join Raymond James' employee advisor channel, designed to break out of the network. Related:…

In September, the Federal Reserve cut interest rates by 50 basis points, its first rate cut in four years, and more cuts are expected. As the cost of capital decreases and debt service ratios improve, the most active players in the registered M&A investment advisor space will invest more aggressively, according to the DeVoe &…

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A Texas-based adviser managing more than $1.3 billion in assets is joining Raymond James from Merrill Lynch, the second $1 billion team to leave the house for Raymond James this week. Melinda Johnston is based in Fort Worth, Texas, and will join Raymond James' employee advisor channel, designed to break out of the network. Related:…