Home life insurance Joe Duran Plots a Return to RIA World

Joe Duran Plots a Return to RIA World

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Joe Duran Plots a Return to RIA World

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Joe Duran is trying to make a return to the RIA sector within the close to future, after stepping down early this 12 months as a Goldman Sachs associate and co-head of its Private Monetary Administration Group.

However exactly what sort of RIA enterprise Duran is trying to both purchase or begin remained unclear on Tuesday.

Citing “sources with data of the state of affairs,” Citywire reported Aug. 17 that Duran was elevating capital for a brand new enterprise that can look to take minority stakes in RIAs and funding banker Brad Siegert of Ardea Companions was aiding within the fundraising effort.

Duran posted a hyperlink to the story on his LinkedIn account, saying: “I’m undecided that is newsworthy, however hopefully someday it could be.”

A spokesman for Duran advised ThinkAdvisor on Tuesday: “Joe is contemplating his choices. Nothing has been determined and till it has it is extremely untimely to debate hypotheticals.”

The spokesman added that Duran “has no formal relationships with any PE companies or funding bankers at current.”

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