06/27/2023
Top retirement advisers to get bigger – or die out
Firms most focused on services for participants are expected to prevail
Alternative Investments
06/27/2023
RBC Global Asset Management Inc. announces changes to certain RBC Funds and PH&N Funds
In addition, RBC GAM Inc. has identified certain RBC Funds that are currently ineligible to be held in registered plans.
06/27/2023
Canada Life completes wealth offering trifecta with Value Partners acquisition
Financial services giant furthers commitment to independent advisors with latest deal for Winnipeg-based investment firm
06/26/2023
PacWest sells $3.5 billion loan portfolio to asset management firm Ares
Through sale of such loans, some regional banks in the United States are trying to shore up capital and build investor confidence after a recent banking crisis.
06/22/2023
Starlight Capital and Stone Asset Management announce change of manager and trustee of the Stone Funds
Copies of the amendments to the declaration of trusts of the New Starlight Funds reflecting the announced changes have been filed
06/21/2023
Patti Brennan Ranks #18 in Barron’s Top 100 Women Advisors in the Nation
Brennan and her team also produce The Patti Brennan Show, a podcast dedicated to helping improve the listener's net worth.
06/21/2023
Wellington Management Closes Fourth Late-Stage Private Fund, Exceeding $2.5 Billion Target
Hadley Harbor IV brings total capital raised to invest in late-stage private companies to over $6.6 billion since 2014
06/20/2023
New Investment Outsourcing Firm Ategenos Sells Minority Stake to Envestnet
Fresh off its SEC registration approval, Ategenos, launched by former Brinker Capital executives in May, has also gone live with its new discretionary investment management portfolios
06/20/2023
Bank Of America pledges $500 million to funds led by minority entrepreneurs
”Capital to under-resourced entrepreneurs has the effect of unlocking their potential to grow their businesses locally and to create economic opportunity.”.
06/19/2023
Bank boards need data-driven, independent intelligence to flag reputational crises on the horizon.
It is hardly a secret that banks, while quite stable according to federal regulatory agencies and industry data, can become vulnerable to runs.
06/16/2023
Bank of America exceeds $500m in equity investments
Bank of America revealed a $500m equity investment commitment to minority- and women-led funds, doubling its previous $200m pledge.
06/16/2023
Crystal Capital Partners’ Brod on how institutional alts can expand in HNW wealth management
As institutional alternative asset managers continue to play an outsized role in driving value with private market investment solutions for highly sophisticated limited partners, high net worth-focused wealth management firms are taking note.
06/15/2023
iCapital Launches iCapital Marketplace to Connect Wealth Managers to World’s Largest Selection of Alternative Investment Opportunities
iCapital Marketplace offers enhanced distribution for asset managers with access, diligence, and analytics capabilities for wealth managers, advisors, and their clients – all in one place
06/15/2023
Raymond James Ltd. named to the 2023 Best Workplaces in Financial Services and Insurance list in Canada by Great Place to Work
A global research and consulting firm, Great Place to Work® provides the benchmarks and expertise needed to create, sustain, and recognize outstanding workplace cultures.
06/15/2023
Balyasny follows longer lock-up trend
Balyasny has reportedly told clients that locking up their capital helps it to attract top talent and invest in infrastructure such as technology.
06/14/2023
Insurers continue distribution and wealth management acquisitions
This figure includes assets to be acquired pursuant to Canada Life’s proposed acquisition of Investment Planning Council.
06/13/2023
Can alternatives help navigate macro uncertainty?
Alternative assets provide investors with the opportunity to diversify sources of return at a time of lower expected stock market returns, provided investors can tolerate the risks involved.
06/12/2023
A Favorable Environment for Short-Duration Fixed Income
Scott Pavlak, head of short-duration fixed income at MetLife Investment Management, defines short-duration portfolios as those whose average durations range from a half- to two-and-a-half years.
06/12/2023
Brookfield Asset Management Announces Results of Annual and Special Meeting of Shareholders
Management received a proxy from the holder of Class B Shares to vote all 21,280 Class B Shares for each of the six directors nominated
06/09/2023
Arkadios Capital Lands $350MM UBS Team
Webb Garner Wealth Partners sought a partner that shared their values and commitment to advisor-centric practices.