The DI Wire’s Post

Cohen & Steers Inc., a global investment manager specializing in real assets and alternative income, named Daniel Noonan as executive vice president and head of the Wealth Management Consulting Group. Cohen & Steers Nuveen, a TIAA company PIMCO State Street Global Advisors Daniel Noonan Daniel P. Charles #alternativeinvestments #CohenSteers #registeredinvestmentadviser #RIA #brokerdealer #hire #financialservices #Nuveen #PIMCO #IncomeOpportunitiesREIT

Goldman Sachs’ wealth and asset management division bounced back from last year’s losses to report $700 million in earnings for the second quarter. The firm’s stronger quarter was also characterized by record assets under supervision and revenue from management fees. #wealthmanagement #financialadvisors #earnings #finance

💡 Bomy Hagopian, CFA, Co-Lead of Berkshire Global Advisors' Wealth practice, recently shared her thoughts on the state of Wealth Management M&A. In short; 1. The market remains resilient and will continue to prosper 2. Interest among private equity firms shows no signs of slowing down 3. Aggregators will embrace intra-partnership mergers 4. Increased focus on adding adjacent businesses Read the full article: https://lnkd.in/eeY4KmVM #wealth #wealthmanagement #fintech #wealthtech

"Private wealth is not new to us. We have a 20-year history within the private wealth industry. And depending on the financial advisor's or RIA's return profile and the risk tolerance they are seeking, we should have a solution for them." Read WealthManagement.com's Q&A with Paul J. Ferraro, CAIA, Global Head of Hines Private Wealth Solutions: https://bit.ly/4cLXnLT #PrivateWealth #InvestmentManagement #RealEstate

Traditional delivery models may soon be history, as firms of all stripes broaden both their offerings and their target client and adviser segments. The competition will be intense. Interesting perspective from colleagues in our Wealth and Asset Management (WAM) practice.

For those in the industry considering how to grow, and what firm or platform has the tools and support, this helps paint the picture.

The anticipated decline in interest rates is fueling a surge in M&A activity among registered investment advisories, with Q2 2024 seeing 75 deals involving $952 billion in assets. This trend drives creativity in deal financing and structuring, boosting present-day activity and optimism. Lower financing costs could further accelerate M&A in the wealth management sector, ensuring continued growth and consolidation. #AssetManagement

BlackRock’s $12.5bn acquisition of Global Infrastructure Partners is quite interesting not only for its mere size and the prominent parties involved. It underscores two important trends in the private equity industry. First and foremost, that infrastructure investments have really entered center stage, but also that the industry is evolving and shows signs of consolidation. The tagged article published today in the FT gives a good overview over the rationale behind this transaction and the state of the industry more generally. The deal is also cool because Skadden was involved advising our long-standing client BlackRock. Congratulations to BlackRock and my partners in the US who led this deal (David Hepp, Matthew Collin and Patrick Lewis)! I’m always amazed to see the truly outstanding deals we do as a firm basically every day. #privateequity #infrastructureinvestment #investmentmanagement #Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates https://lnkd.in/dBwXmcH3

The KKR Real Estate Select Trust (KREST) is a major non-publicly listed private real estate investment fund available to retail investors. The Fund is managed by the real estate arm of KKR, a leading global alternative investment asset manager. Since inception on July 2, 2020, the Fund had reached a net asset value (NAV) of $1.3 billion, as of December 31, 2023. The KREST investment strategy is based on three pillars: 1. Stabilized real estate (55% of portfolio): Well-leased properties in high growth markets, with focus on multifamily and industrial 2. RE debt (23%): RE loans, preferred equity, and CBMS securities for enhanced yield, consistent, defensive cash flows, and structural seniority with potential to reduce downturns 3. Prime single tenant assets (22%): Long-term contractual income with potential for real estate value appreciation, investment grade tenancy, and contractual rent escalators KREST Class I Shares had generated annualized ITD return of 8.90%, as of December 31, 2023. Meanwhile, Class S Shares had returned -7.08%, Class U Shares 3.67% (with sales load), and Class D Shares -2.35%. Other key private real estate investment funds available to individual investors include: 1. BREIT managed by Blackstone 2. AIREIT managed by Ares Management Corporation 3. Brookfield REIT managed by Brookfield Asset Management 4. ARIS managed by Apollo Global Management, Inc. 5. ORENT managed by Blue Owl Capital https://lnkd.in/dGN9hqGv #realestate #realestateinvesting #realestateinvestment #realestatemarket #industrialrealestate #multifamily #multifamilyrealestate #multifamilyinvesting #multifamilyhousing #privatemarkets #privatemarket #alternativeinvestments #alternativeinvestment #assetmanagers #assetmanagement #privatewealth #privatewealthmanagement #funds #fundsmanagement #privatefunds #returnoninvestment #roi #shares

It’s great to see Morgan Stanley Leadership’s commitment to giving financial advisors the platforms, products, technology and human resources necessary to meet the high expectations of their clients! #financialadvisors #wealthmanagent #retirement #investors #technology