All articles by Vidyasagar Maddela
Vidyasagar Maddela
FE fundinfo acquires wealth technology firm Contengo
Contengo’s technology will be incorporated into FE fundinfo’s Nexus platform, introducing the command deck feature.
Dakota Wealth Management acquires Lokken Investment Group
The transaction will add Lokken’s $455m in managed assets to Dakota, increasing its assets under management to nearly $7.5bn.
HB Wealth appoints Gina Martin Adams as chief market strategist
Adams previously worked as the chief equity strategist and head of equity strategy and fund research at Bloomberg Intelligence.
Merit acquires Mennenga to expand in Wisconsin, US
The transaction is expected to add $715m in assets to Merit and extend its client service capabilities in Wisconsin.
SBI and Amundi to sell 10% SBI Funds Management in IPO
SBI, which currently holds 61.9% of the asset manager, will offload 6.3% of its stake, while Amundi, which owns 36.4%, will sell 3.7%.
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Charles Schwab to acquire Forge Global in $660m deal
Forge operates a private market platform that has facilitated more than $17bn in private company share transactions.
State Street in talks to acquire stake in Indian mutual fund – report
The company intends to collaborate with the Indian firm by sharing its technology to help develop investment strategies.
Wealth Enhancement acquires Wise Wealth
Wise Wealth operates from offices in Lee’s Summit, Rolla, and Liberty.
Millennium Management divests 15% stake to investor group
This stake sale shifts the ownership structure of the hedge fund, which was previously entirely owned by its founder.
AssetMark to acquire Efficient Advisors to expand RIA footprint
Efficient Advisors brings approximately $3bn in client assets into AssetMark’s national RIA platform.