Robert DeChellis and Frank Porcelli have launched Bonsai to focus on an asset/liability approach and broader access to insurance, annuities and business valuation tools; execs plan to start with a handful of acquisitions of sub–$1 billion firms.
The Justice Department accused Raymond Erker of defrauding some 50 investors, including a former judge who wore a wire to help the police investigation, according to news reports.