Chase Corporation is a leading global manufacturer of protective materials for high-reliability applications across diverse market sectors. Yesterday, we closed on our acquisition of the company, where we will support the Chase team in implementing a broad-based employee ownership program. #OwnershipWorks
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Financial Advisor at UBS Financial Services Inc. Helping start-ups, founders and employees plan for the next generation and beyond
Planning for the sale of your company? According to a recent UBS survey, 81% of founders wish they had spent more time preparing for this transaction. Ideally, this planning should begin a few years prior to the actual sale. From the structure and timing of the transaction, to assembling the right team and understanding the availability of certain tax & estate strategies, there is much to cover. Drop us a line for a road map to help guide you through the decision making process. #startplanning
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It may not always be readily apparent how a company’s management is misaligned with the interests of its minority shareholders. On occasion, their actions and behaviour may remain within legal boundaries but raise questions about their intentions. So, how can investors safeguard their interests? Here are four telltale signs that a company’s management may be pulling the wool over investors eyes.
4 legal ways a company’s management can screw over investors
https://fifthperson.com
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Thrilled to see USI's strategic partnership with KKR evolve in such a dynamic way. This investment not only fortifies USI's financial runway, but also solidifies its standing as an industry transformer and disruptor. In an era where agility and innovation are paramount, companies like #USI are setting the gold standard by combining cutting-edge technology with expert teams to deliver holistic, customized solutions. The additional investment of over $1 billion speaks volumes about the conviction and belief in the potential of this model. A clear indication that when brilliant leadership meets visionary investment, the sky is the limit #usioneadvantage
Since we first invested in USI Insurance Services in 2017, the company has executed numerous growth initiatives and transformative acquisitions, growing to 10,000 team members across more than 200 offices. Today, we announced an agreement to increase our ownership with a new equity investment. https://go.kkr.com/3LidGE4
KKR Increases Investment in USI Insurance Services
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Helping Companies Develop Capital Efficient Strategies for Managing Risks! 🎯 Real Estate | Hospitality | Construction
At USI Insurance Services we are investing in Talent and Technology and the results speak for themselves.
Since we first invested in USI Insurance Services in 2017, the company has executed numerous growth initiatives and transformative acquisitions, growing to 10,000 team members across more than 200 offices. Today, we announced an agreement to increase our ownership with a new equity investment. https://go.kkr.com/3LidGE4
KKR Increases Investment in USI Insurance Services
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Goldman Is Selling a Wealth-Advisory Unit to $240 Billion Money Manager • Goldman unwinds $750 million United Capital deal struck in ’19 • Move marks Goldman’s renewed focus on ultra-wealthy clients Goldman Sachs Group Inc. struck a deal to sell an investment-advisory business aimed at the mass-affluent market to Creative Planning LLC, a wealth-management firm that oversees about $240 billion. The bank agreed to sell the business, with $29 billion in assets, that grew out of United Capital, a registered investment adviser it purchased for $750 million, according to a statement. The offloading of the company just four years after Goldman acquired it signals the firm’s intention to refocus its attention on the ultra-rich segment where it has a dominant presence. Goldman didn’t disclose the sale price but said it expects to recognize a gain when the deal closes. That’s in sharp contrast to the other sale Goldman is pursuing: the divestment of installment lender GreenSky at a steep discount just over a year after it completed that takeover. Creative Planning is run by Peter Mallouk, who has also written several investing self-help books. Those include a couple with motivational speaker Tony Robbins, who was once the “chief of investor psychology” at Mallouk’s firm. “This transaction is progress toward executing the goals and targets we outlined,” Marc Nachmann, the head of Goldman’s asset- and wealth-management unit, said in a statement. The deal is margin accretive and allows the firm “to focus on the execution of our premier ultra-high-net-worth wealth-management and workplace growth strategy.” That business has more than 16,000 clients and $1 trillion of assets under supervision. The United Capital acquisition was part of Chief Executive Officer David Solomon’s plan to broaden Goldman’s reach beyond a traditional focus on ultra-wealthy individuals. It gained an instant connection with about 22,000 clients who had a little over $1 million each with the platform. That’s significantly less than Goldman’s typical uber-rich clients, who entrust tens of millions of dollars to the bank. CLICK BELOW TO CONTINUE READING. #goldmansachs
Goldman Is Selling a Wealth-Advisory Unit to $240 Billion Money Manager
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Before my wife Anora Gaudiano, CFP® switched careers to become a financial advisor at Wealthspire Advisors, I did not understand the difference between a fiduciary, independent advisor, and an advisor that is an employee of a financial services organization. This recent story in Bloomberg should be a wake-up call to anyone who is entrusting their wealth management to one of the large financial services organizations: https://lnkd.in/dGyVaEhF Ultimately, if someone works for a large bank or insurance company, their number-one incentive is to sell products. A fiduciary advisor will always be concerned, first and foremost, with helping you plan for your overall financial health. They will help you figure out what is the best strategy to ensure you can continue to enjoy the lifestyle that suits you. They will take care of all the tedious but effective things that help you to achieve a maintain a solid financial health. I encourage anyone who cares about their financial health to do some research to understand the difference between "captive" and "fiduciary" advisors.
JPMorgan Is in a Fight Over Its Client’s Lost $50 Million Fortune
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𝘽𝙚𝙡𝙤𝙬 𝙞𝙨 𝙖 𝙨𝙪𝙢𝙢𝙖𝙧𝙮 𝙤𝙛 𝙩𝙝𝙚 𝙥𝙧𝙞𝙢𝙖𝙧𝙮 𝙧𝙚𝙖𝙨𝙤𝙣𝙨 𝙩𝙝𝙖𝙩 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙥𝙪𝙧𝙨𝙪𝙚 𝙖𝙣 𝙄𝙋𝙊: • 𝗟𝗶𝗾𝘂𝗶𝗱𝗶𝘁𝘆 / 𝗺𝗼𝗻𝗲𝘁𝗶𝘇𝗮𝘁𝗶𝗼𝗻 : Perhaps the most traditional reason for taking a company public is to provide a liquidity or monetization event for the owners. An IPO may provide an attractive alternative to an outright cash sale to another company or PE firm. • 𝗚𝗿𝗼𝘄𝘁𝗵 𝗰𝗮𝗽𝗶𝘁𝗮𝗹: IPO proceeds may be used for any number of operational and growth initiatives for the company, such as new products and locations, geographic expansion, human capital, R&D, software, and equipment. The cash may also fund M&A, whether one large imminent deal or a string of future transactions. • 𝗖𝗮𝗽𝗶𝘁𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁𝘀 𝗮𝗰𝗰𝗲𝘀𝘀: Public equity markets provide the ability for companies to access capital in the future through additional share sales, known as follow-on offerings. Given their breadth and depth, the major stock exchanges are more efficient for raising capital than private markets. Public companies also have access to liquid markets for registered debt, convertible notes, and hybrid securities. • 𝗕𝗮𝗹𝗮𝗻𝗰𝗲 𝘀𝗵𝗲𝗲𝘁 𝘀𝘂𝗽𝗽𝗼𝗿𝘁 / 𝗱𝗲𝗹𝗲𝘃𝗲𝗿𝗮𝗴𝗶𝗻𝗴: Proceeds from an IPO offering are often used to repay existing debt, thereby strengthening the balance sheet and freeing up growth capacity. This is particularly common for levered companies, most notably former LBOs. In these cases, the public markets typically provide the most efficient option to raise equity capital for deleveraging. • 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆: Access to deep and liquid public equity markets provides enhanced M&A firepower. A liquid public currency can be offered directly to the shareholders of an M&A target. It can also be used to raise cash proceeds to fund an acquisition. This affords greater flexibility than private companies where new equity often comes from the existing owners’ pockets. • 𝗟𝗲𝗴𝗮𝗰𝘆 & 𝗶𝗺𝗮𝗴𝗲: Going public establishes a sense of permanency for a company. This may be especially important for a founder or family-owned company where legacy is a key priority for the owners, employees and other stakeholders An IPO is also a high-profile event that raises the company’s profile and serves to solidify its image. In this sense, a public ticker is like free advertising. • 𝗧𝗮𝗹𝗲𝗻𝘁 𝗮𝘁𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻 / 𝗿𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻: Public companies have the ability to provide employees with stock-based compensation packages, typically in the form of restricted stock and options. These packages differ from those of private companies due to their transparency and liquidity. This helps with talent attraction and retention, while also directly aligning incentives for management and shareholders.
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🏛 The firm you choose should be just as invested in your success as you are. Be sure they can: ☑ Help you identify the right path and affiliation options ☑ Have fee structures that benefit you ☑ Make your transition process as quick and painless as possible ☑ Invest in advisor-facing technology, service, and investment platforms ☑ Provide a personalized approach to helping your business grow ☑ Maintain compliance and risk policies that protect advisors, while also working hard and advocating for advisors’ best interests ☑ Offer resources and services to assist with managing and growing your business, including M&A, financial planning, succession planning, and marketing. Just like any endeavor, it's important to do research and understand the advantages and disadvantages of joining another firm. Exercise due diligence and find the company that best suits your needs and those of your clients. Happy to have a private and confidential conversation. #wealthmanagement #financialadvisors #supportedindependence #merrilllynch #wellsfargo #morganstanley #UBS #edwardjones
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Founder and Investment Advisor at Zizzi Investments. Helping athletes, families, and business owners embrace growth in all areas of life.
The announcement came out today that Goldman Sachs sold its Personal Financial Management unit to Creative Planning. This unit was acquired by Goldman in 2019 with purchase of RIA firm United Capital. This was part of Goldman's overall train-wreck 💥 🚂 💥 strategy of trying to draw itself closer to main street. Joe Duran (former CEO of United) and Peter Mallouk (current CEO of Creative Planning) were both interviewed in 2019 at the WealthStack conference after initial acquisition of United Capital was announced. Duran declared the "golden era was over for RIAs" after selling United Capital to Goldman. 🥊 Peter Mallouk said they may take outside capital at some point to fund growth, but that his RIA firm would "never give up a controlling stake." 🥊 Four years later Mallouk now owns United Capital. I think round 1 goes to Peter on that debate. Goldman is shifting back to its core focus of servicing Ultra High Net Worth clients, and looking to partner with RIAs as way to distribute their other business lines. At the end of the day, most main street investors have a huge amount of suspicion and mistrust for the big Wall Street banks and private equity firms. It's almost as if there is a reason clients choose an independent advisor in the first place. 🤷♂️ #ria #mergers #wealthmanagement
Goldman to Sell Former United Capital Unit to Creative Planning | ThinkAdvisor
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Lamacchia Realty/Briarwood R.E.
9moWish you the best.