Weekender

Cerity Partners will be merging with Seattle-based Verus Investments, an institutional investment consultancy firm, which oversees about $1.2 trillion in assets under advisement.  Verus Investments provides consulting and OCIO services to various institutions, including corporations, nonprofits, and multi-employer and public retirement plans. The firm is 100% employee-owned, with about one-third of its employees acting as owners of the firm.  Financial terms of the deal, which is expected to ...

Apollo Global Management and Schroders have joined forces to sell wealth and retirement-related investment solutions targeted towards wealthy investors, as asset managers continue to offer products within private markets.  Under the partnership, both firms will incorporate solutions blending public and private market fixed income exposures, which will be sold across Schroders’ brand, including its private markets unit Schroders Capital, and Apollo, the firm said.  The first product is expected to launch later this year, ...

Allworth Financial has partnered with RISR, a fintech platform, to incorporate technology that will allow the RIA’s financial advisors to utilize business-owner planning technology.  Under the partnership, Allworth Financial’s advisory platform will integrate RISR’s technology to provide tax and business planning, which further includes valuation, “tax-aware” succession, and exit planning.   Additionally, advisors will be able to assist entrepreneurs and other business owners through the entire business lifecycle, ranging from long-term growth and risk management ...