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.
Sometimes, markets don’t need breathless buzzwords to get excited. Sometimes, “marginally encouraging” will do. Ask Pfizer shareholders.
Firms are offering extra incentives to advisor compensation plans like paid time off for volunteer work, and even free financial planning.
Wells Fargo Advisors is hoping it can cross-sell products to customers in other business lines, specifically banking customers.