Just over a week ago, Pennsylvania-headquartered SEI purchased a majority stake in Stratos Wealth Holdings for $527 million. FWR asked SEI’s CEO and other senior figures about the reasons for the deal, the outlook for wealth advisory, and more.
The system has issued an RFP seeking investment advisory and management services for its portfolio comprised of approximately 40% short-term and 60% intermediate-term investments.
The positions will be involved in all aspects of the university’s investment and manager research process for its endowment.
The New England-based firm recently held the final close of its fourth growth fund above its $450 million fundraising target.
Columbia will likely avoid the 1.4 percent endowment tax that it could have been subject to under the newly reformed endowment tax tier system introduced in President Donald Trump’s tax and spending bill.
The university is searching for its next investment head as its senior v.p. and cio will retire at the end of the third quarter after more than two decades of service.
In an attempt to fortify New Mexico’s pipeline for nurses, teachers and social workers, state lawmakers appropriated $170 million over a recent three-year period to expand higher education faculty endowments. But some of that money has not been used as intended and delays in implementation have blunted its intended impact, according to a new legislative report released Thursday.
The university is seeking a real estate associate to help find, diligence and manage investments across strategies that include multifamily, industrial, office and digital infrastructure.
The plan has hired a firm to identify and advise on best practices and trends in the prepaid college plan and ABLE landscape to help in setting the direction for its two programs.
The investment firm has hired a head of ocio to lead the development and expansion of the outsourced cio business.