03/02/2023
Clearstead boosts Southwest presence with Avalon Trust acquisition
The new deal represents the eighth acquisition of Clearstead and the second after Flexpoint Ford made a majority investment in the firm in February last year.
Alternative Investments
03/02/2023
Davidson Investment Advisors Completes Acquisition of Caprin Asset Management
he combination enhances the firm’s collective investment and operational capabilities, positioning the firm to deliver additional value-added service offerings for clients.
03/02/2023
RBC beats expectations despite profit drop due to higher bad-loan provisions
Earnings grew across core banking business and capital markets segments
03/01/2023
Wells Fargo provides $288 million for affordable housing project in Manhattan
A public access waterfront park will be built adjacent to the project on land provided by New York City.
03/01/2023
Prudential, Vitality Global expand partnership in Latin America
Building on success in Argentina and Brazil, Prudential Financial and Vitality Global are making holistic wellness achievable for more Latin Americans.
03/01/2023
Beacon Pointe Advisors Finishes Strong in 2022, Keeps the Ball Rolling in 2023
Five Firms Choose Beacon Pointe as Their RIA Partner
02/28/2023
Pathstone to Acquire Rex Capital Advisors
In addition to their customized family office solutions, the Rex team brings deep expertise in private equity, and venture capital.
02/28/2023
Argo posts 2022 loss in ‘transformative year’ for business
Its gross written premiums fell to $2.8 billion in 2022, a 10.5% decline on the same period a year earlier.
02/28/2023
Mercer Launches Broker/Dealer for Legacy Assets
Mercer has had a particularly close relationship with Raymond James
02/27/2023
The International Banker 2023 North & South American Awards Winners
The US bank-earnings season also saw share prices for many major American lenders markedly decline off the back of funding pressures triggered by deposit outflows, higher costs of funds and net interest margin pressures.
02/27/2023
M&A due diligence goes deeper, draws out deals as cost of capital increases
The higher level of due diligence for proposed deals was just one of the observations participants offered during the roundtable
02/27/2023
Vanguard, BlackRock and other investors accused of ‘treading water’ on ESG issues
An analysis of the environmental, social and governance (ESG) policies and performance of investors collectively managing $77trn of assets has found that two-thirds have “serious gaps” in their approach, including the four largest players in t
02/24/2023
Kestra Investment Management Launches Four New Model Portfolios and Celebrates $150 Million in Assets Under Management
The new offerings empower financial professionals in the Kestra Holdings ecosystem with diverse, cost-effective solutions for client portfolios
02/24/2023
KKR appoints Pete Stavros and Nate Taylor as global co-heads of private equity
New Role to Enhance Global Connectivity and Support KKR’s Local & Global Investment Model
02/24/2023
Credit Suisse Funds AG provides financial update on Credit Suisse Real Estate Fund International
Global valuations were negatively impacted by rising interest rates for CS REF International in its key markets of the United States, the United Kingdom, and Germany.
02/23/2023
Manulife Financial Corporation announces Dividend Rates
The dividend rate for the five-year period commencing on March 20, 2023, and ending on March 19, 2028, will be 6.15900% per annum
02/23/2023
Cooley Bolsters Private Equity and M&A Capabilities With Addition of Five-Partner Team in Denver
The addition of this talented team has strengthened Cooley’s ability to support our clients’ continued growth, particularly within the tech market and industries in which our platform thrives.
02/23/2023
State Street Associates Presented with The Harry M. Markowitz Award
Award established to honor the legacy of Dr. Markowitz and support future research and innovation in practical investment management
02/22/2023
ZEDRA completes rebrand of US and Curaçao based fund services provider, Atlas Fund Services
Reflecting ZEDRA’s ambitions for the US and LATAM market and commitment to becoming an international leader in the funds services industry.
02/22/2023
CI Global Asset Management Expands Suite of Covered Call Strategies with New ETF and Four Mutual Funds
The funds are especially timely given that periods of increased market volatility tend to result in higher call option premiums, boosting the income generated by this strategy. “Covered call investors are getting paid for tolerating volatility,&