In addition, Ameriprise snags a $300M wirehouse team, LPL’s independent division adds a newly launched RIA, and Raymond James’ independent and employee channels bring on firms of $500M and $340M, respectively.
While private equity remains a core investment for family offices, the last few years of lackluster performance, difficulty exiting investments and delayed or reduced returns of capital are taking a toll on investors, according to a BlackRock survey.
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