Joe Duran’s Rise Growth Makes First Investment

Rise Growth Partners , the?RIA investing company launched earlier this year by former United Capital CEO Joe Duran , has made its first investment in?taking a minority stake in Bleakley Financial Group , a hybrid registered investment advisor with nearly $10 billion in client assets. ??

Joe Duran said his firm invested more than $50 million. This follows news in February that Rise Growth raised more than $250 million in funding from its management team and Charlesbank Capital Partners, the middle-market private equity firm that also backs Lido Advisors. Charlesbank will take a majority stake in the new company.

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PODCAST???

RIA Edge Podcast: How Conway Wealth Prioritizes Clients’ Life Goals Beyond Investments

In this episode of the RIA Edge Podcast, David Armstrong , editorial director for Informa Connect’s Wealth Management Group, talks with Michael Conway, founder and CEO of Conway Wealth ,?about their bespoke approach to wealth management services for the high-net-worth market.

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UPCOMING WEBINAR ??

Insights from the 2024 WealthStack Survey

How do advisors and their firms view the increasingly advanced world of wealth management technology and what do they see on the tech horizon?

To find out, Wealth Management IQ surveyed advisors and firm executives for a third consecutive year in the industry’s only longitudinal study of tech usage and preferences.

This webinar will present the highlights of that research, discuss its implications, and offer insights into what advisors and firms will need to know to make more informed decisions about their technology investments.

Wednesday, September 18, 2024 | 2:00 PM ET

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WMIQ Study: Client Cash: Mapping an Underexplored Opportunity

Did you know? WealthManagement.com has a dedicated research division.

Wealth Management IQ provides research, content creation and marketing services to the wealth and asset management communities.

Our Latest WMIQ Study is Out Now!

A new study of financial advisors, conducted by Wealth Management IQ and Flourish , reveals a growing awareness of cash's significance and potential opportunities in cash management.

The report highlights:

• Cash's resurgence as an asset class, driven by rising interest rates since March 2022.
• Advisors recognize?the gap between perceiving cash advising as their responsibility and offering specific cash management solutions to clients.
• High-net-worth clients hold more cash than advisors estimate.

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