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Hamilton Lane is acquiring Denver-based long-short equity fund manager 361 Capital, with more than $600 million of assets. It's the third acquisition in Hamilton Lane's 30-year history.
A new report from the Institute for the Fiduciary Standard urges the SEC to “rebrand Reg BI as a ‘New Suitability’ standard for broker/dealers” to clarify that brokers’ product recommendations are different from best interest fiduciary advice.
Associated Financial Consultants & Investor Services has recruited former Investacorp CEO and CCO Patrick Farrell and Marcus Arneaud, respectively, as financial advisors, after their b/d was folded into Securities America.