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BLG Hires MD for Capital Markets Advisory Group
Financial Advisory | September 27, 2023Brown Gibbons Lang & Co., an independent investment bank and financial advisory firm focused on the middle market, has hired Kevin R. Nowaskey as a managing director within the firm’s capital markets advisory group. Based in New York City, Nowaskey will lead the firm’s private capital advisory team. “The experience and knowledge he (Nowaskey) brings ...
DPL Acquires Annuity-Focused Firm to Help Breakaway Advisors
Financial Advisory | September 27, 2023DPL Financial Partners, a Louisville, KY.-based no-load, commission-free annuity platform for registered investment advisors, has acquired AnnuityFix, a firm assisting advisors who want to manage broker-dealer annuities for an advisory fee, and its affiliated broker-dealer Johnstone Brokerage Services. Financial terms of the deal were not disclosed. DPL appointed Center, TX-based AnnuityFix founder Grant Johnstone as ...
Chicago Teachers Deploys $30M to Real Estate Portfolio
Alternative Assets | September 27, 2023The Chicago Teachers’ Pension Fund (CTPF) has allocated $30 million to Long Wharf Real Estate Partners VII, a real estate fund managed by Long Wharf Capital, focused on value-add strategies in certain regions within the United States. The fund’s goal is to raise $500 million and will invest in office, industrial, multifamily, and retail assets ...
LPL Financial Adds $260M, Five-Person New Mexico Team
Broker/Dealers | September 27, 2023A $260 million five-person advisor team has left Corebridge Financial, formerly part of AIG, to join LPL Financial’s broker-dealer, registered investment advisor and custodial platforms. The Albuquerque, NM-based team consists of Angelo Burns, Larisa Holiday, Eli Montoya and Manny Pedroza, and client services associate Melinda Martinez. For the past few years, the team has primarily ...