Citywire This Week in Wealth

Focus narrows in on new investor 

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Three years after buying Focus Financial Partners, PE shop Clayton, Dubilier & Rice is pursuing a sale of a minority stake in the RIA financier. Ian, Andrew, Sam and Alex recap how we got here and explore who a prospective buyer could be.

The team also discusses Corient's update to a Form ADV after the $500bn RIA erroneously told regulators it was offering its advisors incentives to allocate client assets to alternative investments.

And they have the skinny on a class action lawsuit against Betterment alleging that the robo-advisor offered a cash sweep program that breached its fiduciary obligations to clients.
17 Jul English United States Investing

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