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Ken Fisher scores a scorching multiple from just ...

Ken Fisher scores a scorching multiple from just ...

June 18, 2024 - Daily Newsletter for RIABiz subscribers

PE RATIO
Ken Fisher is finally cutting private equity in on his action -- but with strin…
The founder, owner and chair of the $275-billion AUM firm likely got '20X,' an M&A source says, continuing a trend where top RIA players are still in control.
4 hours ago Brooke Southall

Ken Fisher is now living by two “PE” ratios – 20 and 20 – one is enviably high, one is enviably low, and they support each other.

HEALTH AND WEALTH
Ken Fisher: While my health is excellent, this transaction with an atypically l…
The $275-billion Plano, Texas, RIA is selling an estimated 20% stake for $2.5 billion, and Fisher says outsiders can do 'never-yet-done solutions' for the firm.
Sunday 6.16.24 Brooke Southall

Ken Fisher is finally taking some chips off the table but will retain an iron grip on Fisher Investments.

PIPING HOT
Omar Aguilar [Schwab photo]: 'We have the luxury to have amazing distribution c…
The $9.2 trillion, Westlake, Texas, giant told Bloomberg that it'll grow its $1.2 trillion base as much as 20% over the next five to seven years -- countering the wirehouse trend of establishing distance between distribution and investment management channels.
Friday 6.14.24 Brooke Southall

Charles Schwab Corp. is using an old division as a major source of new assets by using the oldest strategy in the brokerage industry to fresh effect.

PERFORMANCE REPORT
Eric Poirier: We see an enormous growth opportunity to serve way more RIAs than…
The software maker oversees more than 25% of all RIA assets, but for only about 2.7% of RIAs -- a gap its hip, young CEO -- now RIA software's senior statesman -- believes he can fix.
Friday 6.14.24 Oisin Breen

Addepar remains on the march as the fastest growing, biggest spending and most dazzling tech firm in the RIA industry – but there is a void yet to fill.

MOST RECENT ARTICLES
The buyer, Yext, likes aspects of the San Francisco startup and believes it can apply a quick-fix with AI -- and will reward Hearsay investors with $95 million, if it produces earnings bump.
The reemerging San Francisco super bank will be the first wirehouse-owner to court RIAs openly, though Merrill Lynch's Broadcort and Bear Stearns once operated similar businesses in the shadows.
Burnout and EBITDA weigh on CEO-types as never-ending exits claim Ron Carson, Aaron Klein, Bernie Clark, Rudy Adolf, Bill Crager and Tim Buckley.







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