@alexjsteger Profile picture

Alex Steger

@alexjsteger

Journalist. Editor of Citywire USA

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Alex Steger Reposted

One of the biggest deals in recent RIA history.

Exclusive — Pathstone has agreed to purchase $45bn Hall Capital Partners, a transaction that is one of the largest ever between an RIA and a serial acquirer: citywire.com/ria/news/exclu…



Alex Steger Reposted

Scoop for @CitywireRIA — TPG, one of the largest private equity firms in the world, has agreed to invest in $17bn Atlanta RIA Homrich Berg, according to sources with knowledge of the situation: citywire.com/ria/news/tpg-a…


Alex Steger Reposted

Scoop for @CitywireRIA — Geller & Co., a $9.6bn RIA led by Michael Bloomberg's financial advisor and accountant, is pursuing a sale, according to sources with knowledge of the situation: citywire.com/ria/news/9-6bn…


Alex Steger Reposted

It was great to do a closed session on asset manager culture at the @CitywireProBuy due diligence event in Chicago. Here's a conversation afterwards with @alexjsteger about some of the topics. citywire.com/pro-buyer/news…


Alex Steger Reposted

Our editor @IanWenik welcomed a packed house at our #CitywireRIA CIO Summit this morning. We’ve now kicked off with our first keynote, Neil Dutta of @RenMacLLC Next we will hear from our tech sponsors just before we begin our fund workshops.

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Alex Steger Reposted

Scoop for @CitywireRIA — CI Financial is acquiring $8.4bn RIA Avalon Advisors, according to sources with knowledge of the situation: citywire.com/ria/news/ci-fi…


Alex Steger Reposted

Are active mutual fund managers facing the same quandary as Disney? @alexjsteger and I discuss >> citywire.com/ria/news/opini…


Alex Steger Reposted

Alternative investment managers are having a hot moment in RIA M&A. My latest for @CitywireRIA (including a small deal scoop!): citywire.com/ria/news/rias-…


Alex Steger Reposted

Surging Staff Exits Bedevil Busy SEC & other "Weekend Reading For Financial Planners (Jan 7-8)" - kitces.com/blog/weekend-r… #Advicers

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Alex Steger Reposted

A live recording of ‘Mistakes Were Made’ has just kicked off with investment legend @HowardMarksBook at our @CitywireProBuy San Francisco Alternatives Retreat! @alexjsteger and @AcesRose will find out the biggest investment mistake Marks has made in his career. Stay tuned…

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Alex Steger Reposted

what to do about employees' underwater equity (@Aon_plc) social investing networks (paper) investment team turnover (@alexjsteger) ego versus price at META (@AswathDamodaran) capital gains distributions in a down year (@MorningstarInc) multi-strat funds (@RobinWigg) cont.>


Alex Steger Reposted

Calling RIAs! @HowardMarksBook & @ErikaMCheung are joining our San Francisco Alternatives Retreat on Thursday and Friday next week at the Fairmont. You don't want to miss out on this event! Register: citywire.com/pro-buyer/virt… @CitywireRIA @AcesRose @alexjsteger @ashleymlowe

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Alex Steger Reposted

.@GQGPartners' Partners's star fund manager Rajiv Jain explains how an aversion to energy cost him big, why skin in the game is vital, and that PM turnover isn't always a bad thing. Plus, a Samurai bunny bubble! 🎧 Listen: open.spotify.com/episode/3VYccq… @InvestorAmnesia @alexjsteger


Huge news / scoop from @CitywireRIA and @IanWenik

New for @CitywireRIA — RIA service provider Dynasty Financial Partners has shelved its plans for an IPO, according to four sources with knowledge of the situation: citywireusa.com/registered-inv…



Top stories from @CitywireRIA / @CitywireProBuy today: 🥊Florida man fights ESG (bit.ly/3BGwski) 💵Alera acquires $3bn Johnson Brunetti (bit.ly/3PVkfge) ⭐️PM Bill Nygren stepping off some Oakmark funds (bit.ly/3zNYCsk)


Alex Steger Reposted

Exclusive — Fidelity RIA business head David Canter is leaving the custodian at the end of July, according to an email obtained by @CitywireRIA: citywireusa.com/registered-inv…


Alex Steger Reposted

Looks like thematic investments are here to stay, just not as core positions in allocators portfolios says Baird, Huntington an Envestnet Btw Alex has a fun podcast: "Mistakes Were Made" @CitywireProBuy #CityWirePB

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Alex Steger Reposted

This is really a HUGE fine for Schwab. To put $187M in context, most robos only generate ~0.25% in fees. So that's the equivalent of 100% of revenue on ~$75B(!) of robo-AUM. If their profit margin is 20%, that fine is equal to 100% of profits on $375B of robo-AUM. WOW.

Charles Schwab to pay $187m to settle robo-advisor cash charges citywireusa.com/registered-inv…



Alex Steger Reposted

Big deal this one - @real_bill_gross joined me and @alexjsteger for the latest #MistakesWereMade ❌His biggest regret 🤝Why he snubbed Donald Trump 🎬Who would play him in a biopic podcasts.apple.com/gb/podcast/cit…


Alex Steger Reposted

i love targeted advertising citywireusa.com/professional-b… @alexjsteger @AcesRose (ps can i borrow "Negative Alpha Male" for the title of my novel? lmk, thank u)

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