An investment advisor has hired a cio and managing director of wealth management to oversee asset management and alternative investment strategies for both wealth management and retirement plans.
The library approved a new target allocation that increased allocations to safe haven assets in fixed-income, reduced its global asset allocation target in favor of strategic equity and fixed-income allocations and balanced its regional exposure in equities to better align with the MSCI ACWI.
An alternative investment manager has agreed to make a minority investment in a Western investment advisor, which will provide the firm with growth capital to support key priorities and continue its strategy for national expansion through new office openings and acquisitions.