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AMG delves deeper into the RIA business with second deal -- of $4-billion player in NY

Its purchase of a stake in Clarfeld Financial Advisors, Barron's No. 3, shows the Veritable deal was, indeed, a warm up

Author Brooke Southall August 20, 2013 at 3:18 AM
1 Comment
no description available
Robert Clarfeld: It's a minority investment with revenues-sharing and they have no control over expenses.

David Devoe

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Peter Ruhlin

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John Copeland

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Robert Clarfeld

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Sean Healey


Joe Gordon

Joe Gordon

August 23, 2013 — 2:46 PM

This makes sense as asset management continues to get commoditized, including separate account managers, and technology continues to evolve, driving costs down. Many high net worth relationships are often controlled by RIAs so an entry by AMG over time makes sense.


Related Moves

March 13, 2024 at 1:46 AM

Dimensional Fund Advisors, long the flagship of factor investing, struggles to chart a course as a nimble rival and big foot competitors cut into its market--and exploit its slow move to ETFs

Vanguard, BlackRock and Avantis rattle a complacent Dimensional Fund Advisors with fee cuts and ETF roll outs based on 'smart beta.'

August 9, 2022 at 1:57 AM

After adding an ex-iShares product chief to call the shots and -- oye -- lowering fees, Dimensional Fund Advisors humbly and belatedly charges into ETFs and should score $5 billion in two years, an analyst says

DFA nabbed Nicole Hunter's BlackRock ETF playbook and committed to ETF-level fees to show the industry it plans to play to win assets -- even if some come from within.

November 12, 2020 at 4:43 AM


Mentioned in this article:

DeVoe & Company
Consulting Firm
Top Executive: David DeVoe



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