Institutional Investors Change Positions in Investment Advisory Services

Institutional investors are always looking for ways to increase their profits. Over the past few years, many have made changes to their positions in investment advisory services. From raising and lowering stakes to forming new Registered investment Advisers (RIAs), the institutional investors have been busy. The following article will provide an overview of some of the recent changes institutional investors have made in the investment advisory service arena.

CFS investment Advisory Services LLC recently lessened its stake in shares of Financial Engines Advisors L.L.C. This move has been made in anticipation of the changes that will take place in 2023 when RIAs registered with the Securities and Exchange Commission (SEC) should be prepared to comply with the new regulations.

Other institutional investors have also recently made changes to their positions in the company. Bluestem Financial Advisors LLC raised its stake in iShares, and Harbor investment Advisory LLC raised its stake in W. P. Carey. In addition, the Fund's investment mandate will change to focus on long-term investment and Board Approval of New investment Advisory Agreement with Carlyle.

The newly formed RIA Selects Goldman Sachs Advisor Solutions as one of its newly created Independent Registered investment Advisor today. As a Certified Exit Planning Advisor, Oestreicher also helps and also serves on the Town of Yarmouth's investment Advisory Committee.

Chairman and CEO, Brian Rauscher, Fundstrat Global Advisors Managing Director and Head of Global Portfolio Strategy, and Robert Matza, Retired, have recently agreed to an investment in Discover Financial Services. Finally, during the second quarter of this fiscal year, SRS Capital Advisors Inc. increased its stake in S&P Global.

These recent changes made by institutional investors in the investment advisory services sector demonstrate their commitment to making the best investment possible. With the changes taking place in 2023, it will be interesting to see how the sector evolves.