03/15/2023
Schwab Reports Monthly Activity Highlights
Schwab’s business continues to perform exceptionally well
Alternative Investments
03/15/2023
Brookfield Select Opportunities Income Fund to be Wound Up
PSG is registered as an investment fund manager in Ontario, Quebec, Newfoundland and Labrador and as portfolio manager in each of the provinces and territories of Canada.
03/15/2023
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
One of the people said it is unclear how the Federal Deposit Insurance Corporation plans to proceed since the regulator may prefer a single buyer for the assets.
03/15/2023
AM Best affirms ratings of WISI
In addition, the ratings take into account the support provided by WISI’s parent, Elevance Health.
03/14/2023
Hedge fund manager Bill Ackman warns of economic meltdown after Silicon Valley Bank collapse
“The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy.”
03/14/2023
Apella Expands West Coast Presence with Addition of Clarity Wealth Management
Irvine, California-based wealth management firm brings $130 million in AUM
03/14/2023
Fiera Capital Expands US Footprint Through New Strategic Distribution Partnership With New York Life Investments
The agreement contains certain exclusivity rights in the United States retail intermediary channel for various investment strategies managed by FCI, Fiera Comox and the Fiera UK Atlas Global Companies team.
03/14/2023
Noah Holdings Comments on Certain Recent Developments Involving Silicon Valley Bank
In addition, Noah, under its asset management business, serves as the general partner or fund manager for certain investment funds with accounts at the SVB, and has taken necessary measures to protect against or minimize the potential impact of the SVB&am
03/10/2023
AM Best Assigns Issue Credit Rating to Ameriprise Financial, Inc.’s New Senior Unsecured Notes
The proceeds from this debt issuance are expected to be used for general corporate purposes
03/09/2023
Fresh clouds for Darktrace as New York hedge fund claims concerns borne out
Darktrace has denied the reports and commissioned auditors EY to investigate the claims.
03/09/2023
Silvergate Capital Corporation Announces Intent to Wind Down Operations and Voluntarily Liquidate Silvergate Bank
Company Considering How to Best Preserve Residual Value of its Assets
03/09/2023
Prime Meridian Wins the #1 and #2 Spots in the BarclayHedge Fixed Income - High Yield Hedge Fund Category for 2022
Prime Meridian Capital Management has consistently delivered strong risk adjusted returns to investors.
03/08/2023
Echelon Wealth Partners Inc. and PI Financial Corp. Announce Merger
With over $12 billion of client assets, the combined firm is set to continue to grow its investment advisory and wealth management businesses.
03/08/2023
Wooster Square Advisors Team Joins Cetera Advisor Networks
$250 million practice joins from Park Avenue Securities
03/08/2023
Stratos Wealth Partners expands stake in First Wealth Financial Group
Stratos has been a non-ownership partner in the firm for the past eight years, providing support and guidance as its client base grew and operations expanded to six advisers in four locations.
03/08/2023
Marquee Capital to Launch Second Real Estate Fund
$100M Fund Will Focus on Retail, Seniors Housing & Opportunistic Real Estate Investments
03/08/2023
Heffernan Insurance Brokers Named a Finalist in the Tenth Annual Family Wealth Report Awards 2023
These awards are judged by an expert panel of more than 40 judges and finalists are selected on the basis of entrants' submissions
03/08/2023
Vanguard ETF's patent expiration may cause a spike in clones
All eyes on first application to also adopt the ETF-as-share-class structure
03/07/2023
Creative Planning Acquires Telarray Advisors
The Memphis Based Wealth Management Firm Manages $1 Billion in AUM
03/06/2023
Bridgewater raises new fund strategy less dependent on equities
Two fund vehicles under that strategy's name had raised $836.4 million from investors since their launches in July