Managers of Wealth Americas

Summit Financial Takes Minority Stake in Miami-Based RIA Kandor Global

Kandor Global serves global clients and growing LatAm business community, fueled by industry-leading partnership

Creative Planning Acquires Castle Wealth Advisors

Indiana-Based Investment Management Firm Has a Total of $320 Million in AUM and provides Business Valuation Services

Stone Point, GIC near US$3b deal for financial services provider Ascensus

The industry also has a lot of small players, creating an opportunity to grow through acquisitions.

Empower bulks up by adding Prudential unit

Acquisition will solidify firm's position as second-largest record keeper in U.S.

SS&C GlobeOp Forward Redemption Indicator: April notifications 2.07%

Movements in the Indicator reflect investor confidence in their allocations to hedge funds. Indicator data is based on actual investor redemption notifications received.

Global VC investment shatters record, says KPMG Private Enterprise Venture Pulse report

Global VC investment hits $126.6 billion in Q1’21 shattering the Q4’20 record of $98.2 billion.

Advisors Drift Away From Traditional Portfolios, Fidelity Says

The change reflected the unusual nature of 2020, which prompted different responses at various times from investors and advisors, said Matt Goulet, senior vice president for portfolio solutions at Fidelity Institutional.

Nuveen and iCapital Network® Expand Access to Alternative Investment Funds

Custom technology and distribution agreement will simplify access to select Nuveen alternative investing products for accredited investors

SS&C Moves Forward on Acquisition of Mainstream Group

The purchase will be subject to customary conditions, including approval by Mainstream shareholders, the relevant Australian court and certain regulatory approvals, and is expected to close in the third quarter of 2021.

London-based wealthtech Bite Investments bags funding for its alternative investment platform

“It is a testimony to how the financial industry and investor community are gravitating toward alternative investment opportunities, as well as digitalisation and its transformative value.”

CI Global Asset Management and Empire Life Introduce CI Empire Life Concentric GIF, a New Suite of Segregated Funds

The segregated fund structure simplifies estate planning with the potential to preserve capital and bypass any associated probate fees.

Citizens Financial Group, Inc. Reports First Quarter 2021 Net Income of $611 million and EPS of $1.37

While we increasingly see positive signs that the economy is improving rapidly and that life is returning to normal, we remain focused on continuing to assist those companies and individuals most impacted by the pandemic and lockdowns.

BNY Mellon Selected by Charles Schwab Investment Management to Provide Transfer Agency Services

BNY Mellon is able to tap-into its vast industry expertise and a global footprint that services both asset managers and their intermediaries.

DPG Investments to Close $1 Billion+ in Private Capital

The DPG senior management team has been through multiple cycles and understands the importance of maintaining a long-term view.

Truist Reports First Quarter 2021 Results

Earnings of $1.3 billion, or $0.98 per diluted share

Scotiabank targets $10 Billion commitment in support of affordable housing in Canada

As Canada's authority on housing, CMHC is delivering the National Housing Strategy – a $70+ billion, 10-year federal investment in housing with additional funding committed by the provinces and territories.

Nexus Strategy Celebrates 15 Years Serving the Independent Wealth Management Industry

Leading wealth management consulting firm founded by industry veteran, Timothy D. Welsh, continues growth trajectory and dedication to working with organizations supporting independent financial advisor success

Apollo Announces Extension of the Tender Offer for Shares of The Michaels Companies

The Purchaser expects the tender offer will be consummated promptly following the expiration of the offering period

Zurich seals $3.94bn deal to buy MetLife's US property and casualty arm

"We expect the new business to contribute to growth beginning this quarter and start building on the leading positions that Zurich and the Farmers Exchanges have separately developed in the attractive US market."

Stone Asset Management expands presence on NEO Exchange

Firm unveils two additional investment fund offerings for IIROC and MFDA communities

Alternative Investments