09/15/2023
Biggest hedge funds have doubled footprint in US stocks since 2014, Goldman Sachs says
The U.S. stock market was worth about $46 trillion as of the end of July, according to the Securities Industry and Financial Markets Association.
Alternative Investments
09/14/2023
Franklin Templeton Announces Alternative Investment Initiatives
New digital experience and “Alternative Allocations” podcast target financial advisors
09/14/2023
Global Payments Revenue Pool to Reach $2.2 Trillion by 2027, with Growth Likely to Slow
New Report from BCG Says Companies Across the Payments Industry Are Facing a Host of Disruptions that Require Decisive Action to Avoid Falling Behind
09/14/2023
CFA Institute Launches New Private Markets and Alternative Investments Certificate
The Certificate is a five-course, self-paced online program with a foundational curriculum that is enhanced with additional practitioner insights and perspectives.
09/13/2023
Canadian asset manager announces international expansion
The growing wealth in other regions creates new opportunity to boost reach
09/12/2023
Societe Generale and Brookfield partner to launch a EUR 10 billion private debt fund
The seed fund will focus on two strategies
09/12/2023
Cetera to Aquire Avantax in $1.2 Billion Cash Deal
Cetera will use the acquisition to expand its wealth management offerings
09/12/2023
Stephanie Braming Named a P&I Influential Woman in Institutional Investing
The list, which is part of P&I’s Influential Women in Institutional Investing program, honors and celebrates women across the industry who have an outsize impact and are driving positive change.
09/12/2023
Michael Durbin wastes no time building $1.2-billion bridge back to Fidelity from Cetera by taking private IBD to get past Pershing exclusivity and expand 'addressable market'
Cetera currently lists its AUM at just $121 billion.
09/11/2023
First Trust Capital Management L.P. Acquires Position in Focus Financial Partners Inc.
This acquisition represented 0.36% ownership of Focus Financial Partners as of their most recent SEC filing.
09/11/2023
How life insurance gives incorporated clients a tax-efficient edge
Advisor walks through benefits, caveats of whole life insurance as a planning tool in corporations
09/08/2023
Prudential Financial, Inc. and Warburg Pincus announce launch of Prismic Life Re
$10 billion initial reinsurance transaction and $1 billion equity capital investment establishes new reinsurance platform positioned for scale and long-term growth on behalf of customers
09/08/2023
Goldman’s OCIO Scores a Massive Pension Mandate — And Another Liftout
BAE Systems’ $28.8 billion was the largest ever OCIO mandate in the U.K. Goldman Sachs is getting its investment team, too.
09/08/2023
ETF inflows were $137B in Q2, but what’s next for the industry?
Vanguard says investors are returning to risk assets.
09/08/2023
LPL welcomes $205M team to its employee advisor channel
A new firm is born in Houston with Linsco by LPL Financial.
09/07/2023
Apex Group expands US presence with Denver office
Apex Group currently has multiple client service delivery teams located in Denver, with plans to double headcount through the creation of new job opportunities in the coming year.
09/07/2023
BBVA reaches $45 million investment in climate change fund Lowercarbon
For BBVA, sustainability is a business opportunity.
09/07/2023
Madison International Realty Closes $1.7B Fund
The vehicle is investing in a wide variety of assets in the U.S. and abroad.
09/07/2023
Team with $145M practice switches to Cetera Advisor Networks
North Carolina advisor team was previously affiliated with Securities America.
09/06/2023
McGriff acquires captive broker ARR
The acquisition also broadens McGriff’s operations in the Midwest, representing the business’ first move into Wisconsin.