09/12/2023
Cetera to Aquire Avantax in $1.2 Billion Cash Deal
Cetera will use the acquisition to expand its wealth management offerings
Alternative Investments
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.
09/05/2023
AIG secures adverse development cover for Validus sale
The adverse development cover is expected to become effective at the time of closing of AIG’s sale of Validus Re to RenaissanceRe.
09/05/2023
HGK Asset Management announces corporate name change to Hudson Edge Investment Partners
No changes to firm leadership or ownership
09/05/2023
Strategists say Wall Street set for a strong end to the year
His data shows the benchmark equity gauge has climbed 44 per cent of the time in September with an average return of negative 1.16 per cent.
09/04/2023
Hedge funds drop short trades on U.S. regional banks - Goldman
The ratio of long trades compared with short positions on U.S. regional banks has risen by 26% since a year low in mid-July 2023
09/01/2023
BNY Mellon unveils multi-asset moderate fund
It will be run by Newton IM’s Paul Flood
09/01/2023
New York Jets Name Dime Community Bank Official Private Banking Partner
Highlights of this partnership include presenting partnership of SNY’s Jets Game Plan