DJIA52002.41 -175.28
S&P 5007659.44 -84.62
NASDAQ26140.03 -572.99
Russell 20002721.37 -45.90
German DAX25622.61 239.99
FTSE 10010881.90 41.55
CAC 407956.70 22.00
EuroStoxx 506203.55 32.40
Nikkei 22564920.29 -404.00
Hang Seng24186.83 124.11
Shanghai Comp3716.28 8.80
KOSPI5754.20 86.15
Bloomberg Comm IDX144.42 0.53
WTI Crude-fut107.68 -2.01
Brent Crude-fut99.39 -2.45
Natural Gas3.09 -0.03
Gasoline-fut3.18 -0.06
Gold-fut4197.20 10.50
Silver-fut57.85 0.72
Platinum-fut1662.30 22.60
Palladium-fut1131.50 16.50
Copper-fut6.61 0.05
Aluminum-spot3195.00 0.00
Coffee-fut305.60 0.05
Soybeans-fut1264.25 3.75
Wheat-fut662.75 3.00
Bitcoin82814.42 1136.96
Ethereum USD2432.05 10.60
Litecoin59.77 0.21
Dogecoin0.08 0.00
EUR/USD1.1245 0.0030
USD/JPY158.01 -0.26
GBP/USD1.3333 0.0067
USD/CHF0.8262 -0.0035
USD IDX101.86 0.08
US 10-Yr TR5.065 -0.033
GER 10-Yr TR3.4005 -0.0087
JAP 10-Yr TR2.902 -0.005
Fed Funds4 0
SOFR3.89 0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Financial Advisory  + RIAs & Financial Advisors  + Wealth Management  |  November 9, 2023
Kaufman Hall Picks Up $1B Tennessee RIA
Joe Palmisano
By: Joe Palmisano

Kaufman Hall Picks Up $1B Tennessee RIA

Kaufman Hall Investment Management (KHIM), a subsidiary of Kaufman, Hall & Associates, LLC. has acquired Ponder Investment Company (PIC), a $1 billion registered investment advisor based in Brentwood, TN.

PIC manages fixed income portfolios with a focus on short to intermediate duration as it relates to the investment of bond proceeds, board designated funds and short-term liquidity management for healthcare, cultural, and other institutions, according to Kaufman Hall.

As part of the deal, KHIM will take control of PIC’s business and provide investment management services. PIC’s Britt Cesarone and David Hiteshew will join KHIM as SVPs of portfolio management.

KHIM did not disclose the financial terms of the deal, which closed on October 19.

Founded in 1985, Chicago-based KHIM offers management consulting services to boards and executive management teams, including assistance with strategy, financial and capital planning performance improvement, treasury and capital markets management, M&As, partnerships and joint ventures and real estate.

Connect

Inside The Story

Kaufman Hall Investment Management

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints