Fintech PR
Fisher Investments Finalizes Strategic Partnership with Advent and ADIA with Completion of Minority Common Stock Investment
Fisher Investments’ Founder Ken Fisher Maintains Majority Controlling Interest
PLANO, Texas, Jan. 7, 2025 /PRNewswire/ — Fisher Investments (“FI”) announced that Advent International (“Advent”) and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) completed a previously announced minority investment in Ken Fisher’s namesake firm, Fisher Investments. The $3 billion common stock investment by Advent and ADIA values FI at $12.75 billion.
The transaction was part of Ken Fisher’s long-term estate planning and ensures FI’s long-term private independence, culture, growth evolution and devotion to exceptional client service. Ken Fisher remains active in his current role as FI’s Executive Chairman and Co-Chief Investment Officer and retains a majority of beneficial ownership and over 70% of voting shares in FI. FI CEO Damian Ornani continues to drive FI’s day-to-day operations and business strategy. In connection with the investment, David Mussafer, a Managing Partner at Advent, has joined the board of directors at FI, and Gabriela Weiss, a Principal at Advent, has joined as a board observer at FI.
As of 12/31/24, FI managed nearly $300 billion for over 170,000 clients globally, including over 130,000 US private clients and 200 of the world’s largest and most well-known institutional clients. This is the first outside investment in FI, with previous ownership solely among family and employees. There is no further FI investment transaction contemplated. The investment in common shares includes neither options nor non-common stock preferences and includes proportional voting to the investors’ beneficial ownership in FI.
Ken Fisher said, “While my health is excellent, this transaction is aimed dually at long-term estate tax and planning purposes should anything untoward happen to me. Advent and ADIA are truly exceptional partners who value us operationally and culturally, and are committed to preserving what differentiates FI in our industry.”
Damian Ornani, longtime FI CEO, said, “We welcome Advent and ADIA’s support of our mission to help more new clients around the world.”
David Mussafer said, “We are thrilled to cement Advent’s partnership with FI at a moment when there is a growing need for the smart, independent and personalized financial expertise that FI is recognized for providing for 45 years. We look forward to closely collaborating with Ken, Damian and the rest of the FI team to support the company’s continued growth, drawing on Advent’s deep expertise in helping financial services companies best capitalize on the opportunities ahead.”
J.P. Morgan Securities LLC and RBC Capital Markets served as joint financial advisors and Paul Hastings served as legal advisor to FI. Ropes & Gray served as legal advisor to Advent. Gibson Dunn served as legal advisor to ADIA.
About Fisher Investments
Founded in 1979, Fisher Investments is an independent, fee-only investment adviser. Fisher Investments and its subsidiaries manage nearly $300 billion across three principal businesses—Institutional, US Private Client, and Private Client International. Founder and Executive Chairman Ken Fisher wrote the Forbes “Portfolio Strategy” column for 32 ½ years until 2017, making him the longest running columnist in its history. He now writes monthly for the New York Post and discreet unique columns in native language, varying by country, in 26 major nations, spanning more countries and more total volume than any other columnist of any type in history. Ken has appeared regularly on major TV news like Fox Business and News, BBN Bloomberg and CNN International. Ken has written 11 investing and finance books, including four New York Times bestsellers. For more information, visit www.fisherinvestments.com.
About Advent International
Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $88.8 billion in assets under management* and have made more than 420 investments across 43 countries.
Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.
As one of the largest privately-owned partnerships, our 650+ colleagues leverage the full ecosystem of Advent’s global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.
To learn more, visit our website connect with us on LinkedIn.
*Advent assets under management (AUM) as of June 30, 2024. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.
About Abu Dhabi Investment Authority
Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information, visit www.adia.ae.
Media Contacts
For Fisher Investments
Naj Srinivas
Executive Vice President, Corporate Communications
[email protected]
For Advent International
Leslie Shribman
Head of Communications
[email protected]
For ADIA
Garry Nickson
Corporate Communications & Public Affairs
[email protected]
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Fintech PR
oneZero kicks off 2025 with focus on driving innovation and announcement of LPGA sponsorship
BOSTON, Jan. 8, 2025 /PRNewswire/ — oneZero, a global leader in multi-asset enterprise trading technology solutions, is kicking off 2025 with the announcement of a new brand campaign “Driving Innovation”, complemented by the sponsorship of Alexa Pano, a rising star in the Ladies Professional Golf Association (LPGA). This partnership reflects oneZero’s commitment to fostering a culture of resilience, progress and innovation. oneZero’s focus on “Driving Innovation” has been showcased in the recent transformative investment in oneZero by Golden Gate Capital, a series of industry recognized disruptive capabilities for banks and institutional brokers, and a set of 2025 innovations highlighted by oneZero’s CEO at the end of 2024.
Hailing from Westborough, Massachusetts, near oneZero’s Boston based headquarters, Alexa Pano exemplifies the values that resonate deeply with oneZero: determination, hard work and innovation. As a young athlete making waves in professional golf, Alexa’s journey aligns with oneZero’s mission to drive innovation in the financial markets and redefine what’s possible.
oneZero selected Alexa Pano for her influential presence in the LPGA, aligning with the company’s dedication to empowering women and promoting gender equality, as well as the desire to advance the brand through sport, in an industry that historically underemphasizes the momentum of programs such as the LPGA.
“This partnership with Alexa Pano represents more than just support for a promising athlete; it’s a celebration of innovation and breaking boundaries,” said Andrew Ralich, CEO and co-founder of oneZero. “Alexa’s determination on the course mirrors oneZero’s resolve to revolutionize financial technology,” added Andrew Ralich.
Alexa Pano expressed her enthusiasm for the partnership, stating, “I’m thrilled to partner with oneZero, a company that values hard work and innovation as much as I do. Their support not only fuels my journey on the LPGA Tour but also highlights the importance of empowering women in sports and beyond. I’m excited to work with oneZero to inspire others and make an impact together.”
Engaging both employees and clients through sport has been an integral part of oneZero’s culture since the firm’s inception. As part of the sponsorship, Alexa will engage in oneZero-hosted golf events, including their flagship golf event in Miami next month, as well as oneZero’s participation in the annual Big Brothers Big Sisters Golf for Kids golf outing, a charity that oneZero management has remained engaged with for many years. Alexa will feature the oneZero logo on her apparel at these events and while on tour.
oneZero’s recent investment from Golden Gate Capital, announced in November 2024, is accelerating oneZero’s organic growth and M&A strategy. This is enabling oneZero to further expand its innovative technology solutions and strengthen its position as a leading technology partner in the global OTC trading market.
“We are excited to showcase more examples in the coming months of how our organization, alongside Alexa, will continue to “drive innovation” in 2025!” added Andrew Ralich.
About Alexa Pano
Alexa Pano is an LPGA golfer recognized as one of the sport’s brightest up-and-coming talents. Known for her tenacity and skill, Alexa’s accomplishments on the golf course have made her a role model for aspiring athletes and a powerful advocate for women in sports. Alexa recently finished T-10 at the 2024 AIG Women’s Open. In 2023, she won the ISPS Handa World Invitational on her 19th birthday for her first career professional victory on the LPGA Tour.
About oneZero
oneZero Financial Systems has been a leading innovator in multi-asset class enterprise trading technology since 2009. Its powerful software encompasses the Hub, EcoSystem and Data Source – three components that together provide a complete solution for execution, distribution and analytics. Through reliable connectivity, technology, infrastructure and market access, oneZero empowers financial institutions and brokers to compete effectively in the global financial markets through a globally compliant, liquidity-neutral solution. oneZero is certified to the standards of ISO 27001 information security management systems, and has development and operations centers in Asia, Australia, Europe and North America.
For more information, please contact:
Talia Geberovich
Head of Marketing and Communications
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/onezero-kicks-off-2025-with-focus-on-driving-innovation-and-announcement-of-lpga-sponsorship-302344392.html
Fintech PR
Holistic care for senior citizen parents of NRIs: Policybazaar and insurer partners join hands for elderly support services
GURUGRAM, India, Jan. 8, 2025 /PRNewswire/ — Policybazaar, in collaboration with its insurer partners, has lifted the caregiving worry off the shoulders of its NRI customers by introducing a range of comprehensive services as part of the NRI Care Program. The program includes benefits such as dedicated NRI concierge services including hospitalization and claims support for NRIs and their elderly parents living in India. Policybazaar is now stepping up to provide absolute peace of mind for its NRI consumers through emergency and healthcare management as well. Health insurance in India for NRI’s senior citizen parents is thoughtfully designed to fulfill every aspect of elderly caregiving. These services ensure that NRIs and their senior citizen parents receive top-notch support on priority.
Comprehensive elderly care under one roof
This new initiative rolls out an umbrella of services aimed at easing the concerns of NRIs, 40-60% of whom hail from the Gulf region and the rest majorly from the US and Canada. Notably, 50% of these NRIs prioritize securing the well-being of their elderly family members in India. Our research indicates that more than 70% of the NRIs expressed the need for support in services such as right doctor or hospital identification in India and thereafter with claims paperwork.
These services include:
Emergency and concierge support: A 24/7 emergency helpline dedicated to NRIs ensures immediate assistance during critical moments. Additionally, concierge services help manage essential formalities and documentation seamlessly.
Healthcare needs management: NRI Care program provides access to doctors on call, tailored medical consultations, ambulance coverage and guidance on hospital selection among other benefits. It also facilitates sessions with psychologists and physiotherapists.
Social engagement and wellness activities: Seniors can access engaging activities and lively events to stay active and socially connected, along with counseling services to support their emotional well-being.
Streamlined claim support and tailored assistance: Policybazaar has also introduced a unique on-ground claim support service, promising assistance within 30 minutes for emergency needs. This swift and personalized approach underscores Policybazaar’s commitment to making the claims process as stress-free as possible for senior citizens and their families.
A solution tailored to NRIs’ needs
“Our aim is to provide NRIs with a worry-free experience, knowing their loved ones in India are being cared for with the utmost professionalism and empathy. By integrating healthcare management, social engagement, and emergency services, we are redefining senior care, making it holistic and truly impactful,” says Sarbvir Singh, Joint Group CEO, PB Fintech.
“Recognizing the dual challenges faced by NRIs in managing professional lives abroad and ensuring the well-being of their families in India, the NRI Care Program bridges this critical gap. This initiative comes from a deep understanding of the social and clinical needs of seniors and how NRI customers struggle to manage them from far away. We aim at offering a blend of practicality and compassion that sets a new benchmark for eldercare services,” says Siddharth Singhal, Head, Health Insurance, Policybazaar.com.
With this forward-looking approach, Policybazaar is empowering NRIs to support their elderly family members, ensuring they live a life of dignity, health and joy – no matter where their loved ones reside.
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The January editions of FinTech Magazine and InsurTech Digital contains exclusive insights from EY, Hiscox & Storebrand.
LONDON, Jan. 8, 2025 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has published the latest editions of FinTech Magazine and InsurTech Digital. These publications are highly regarded voices within the Financial Sector for their in-depth reports and interviews with prominent figures in the industry.
FinTech Magazine
This month’s edition features an extensive lead report with Chris Schmitz, EMEIA FinTech Leader at EY.
“Many industry players, particularly in insurance and asset management, have no experience providing real-time data through API infrastructure.”
The edition also contains extensive interviews with key thought leaders from Storebrand, Abu Dhabi’s Department of Culture and Tourism & CFC. Plus, the Top 10: Finance Trends.
You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.
InsurTech Digital
This month’s edition features an extensive lead report with Eddie Lamb, CISO at Hiscox, as he uncovers the wide-ranging costs of cyber-attacks, the changing threat landscape and the power of cyber resilience.
“Although cyber-attacks can have significant financial consequence, the impact on customer trust and brand reputation can be even more costly.” – Eddie Lamb, CISO at Hiscox
The edition also contains extensive interviews with key thought leaders from Innovation Group, EY and Hagerty. Plus, the Top 10: Sustainability Leaders in Insurtech.
You can visit InsurTech Digital for daily news and analysis of the ever-changing insurance industry.
About BizClik
BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit our website.
View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-january-editions-of-fintech-magazine–insurtech-digital-302345742.html
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