Mubadala Capital, which manages $27 billion in assets, will take a 42% stake in Silver Rock Financial, which manages $10 billion in assets.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
The deal expands Mubadala Capital’s reach in the US while giving CI Financial additional backing after years of snapping up RIAs.
The Fed’s September rate cut turbo-charged the stock market, but can the market keep up its bull run for 2025?
The massive private-equity investments are causing concerns about its impact on the wealth management industry.
New filings with the Securities and Exchange Commission are requesting permission to launch ETFs that hold both public and private assets.