The wealth management company,rkr, said Friday it will provide investors with details on its business, including the amount of money it has already invested and the rate of return it expects to achieve over the next year.
It is the latest in a string of investments by the company that has generated interest among investors and regulators, as well as the prospect of more such deals.
“As the industry continues to expand, and with more people investing in technology, more people will be investing in wealth management,” rkr CEO David Loughnane said in a statement.
“Our industry is changing rapidly, and our focus remains on helping people make informed financial decisions.
Our investment strategy is aligned with our business plan, and the firm has consistently outperformed the market in our markets and across its portfolio.
It reflects the strong investment philosophy that rkr has developed over the past several years, and will support our growth strategy moving forward.” “
This investment has been carefully vetted and approved by our management team.
It reflects the strong investment philosophy that rkr has developed over the past several years, and will support our growth strategy moving forward.”
Rkr, founded in 2008 by the late billionaire investor and investor Marc Andreessen, offers wealth management services to wealthy people and corporations, such as private equity firms, banks and hedge funds.
In 2015, the firm raised a record $6.2 billion in a $25 billion Series A investment from Google, which was later acquired by the tech giant.
Since then, the company has focused on raising money from wealthy people, private equity and venture capital firms, according to the company.
The company’s chief executive, David Lomnicki, recently told CNBC the company is on track to make more than $100 billion in investments over the course of the next decade.
The investment has generated more than 100 investments and nearly $1 billion in assets, according, to the firm.