Industry

Private equity money continues to fund inorganic growth for its chosen firms, and with more buyers comes more competition, according to panelists at RIA Edge.

Ramji worked at New York-based BlackRock, the world’s biggest asset manager, for about a decade and was considered one of several potential successors to CEO Larry Fink.

The held-away asset management platform will be integrated with the tech stack of over 2,400 Stifel Financial advisors.

During a conversation at Wealth Management EDGE, the former CEO of United Capital called private equity “economic creatures” that may add leverage and unnecessary changes.

Updates from throughout RIA Edge concerning organic growth, M&A, consolidation and private equity in the industry.

Numerous speakers at Wealth Management EDGE said buyers would want to see that its AUM wasn’t primarily tied to a small number of clients and that its growth wasn’t spurred mainly by the market.

The more fine-tuned the questions, the better the responses will be.

How RIAs grow and manage that growth was a focal point of many speakers at Wealth Management EDGE at The Diplomat Beach Resort in Hollywood Beach, Fla.

The impact that artificial intelligence will have on wealth management drew a large crowd at the Wealth Management EDGE conference at the Diplomat Beach Resort in Hollywood Beach, Fla.