More than 30 financial advisers across the country have received $1.3 billion in new funding since the start of the year, according to data from Morningstar.
The data comes from the Better Business Bureau, which tracks the firms’ business practices and is based on a review of their investment reports.
Among the firms that received funding include Blackstone, which is the world’s largest private-equity firm; American Management Partners, which invests in oil and gas companies; and Goldman Sachs, which specializes in corporate governance and investment strategies.
Morningstar does not break down the firms funding, but in the past it has ranked the firms based on how much they have raised in each quarter.
The firms have also made big bets on the future, like buying up big companies that were not in the best financial shape to compete.
For example, Morningstar has ranked Blackstone among the most aggressive fund managers in investing in companies that have the potential to generate strong returns.
That was true in the fourth quarter, when the firm received $600 million in new financing, which was more than any other firm.
The firm also got a big boost from its new hedge fund partner, the New York-based SAC Capital Group, which has been helping the firm grow.
MorningStar ranks Blackstone as the third-most aggressive fund manager, but it was not far behind the $400 million it received from SAC.
It is not known how much Blackstone and SAC are contributing to the fund.