07/25/2023
Osaic Welcomes Vitucci Integrated Planning
Former Cetera team, with more than $250 million in total client assets, look to improve technology and client service experience
Alternative Investments
07/24/2023
UK banks lead global rivals in passing on interest rate benefits to savers
The rapid interest rate hikes by central bankers over the past 18 months to combat the threat of inflation have been a boon for banks
07/24/2023
Morgan Stanley IM merges away $529m Global HY bond fund
The new strategy will assume the structure of the existing sustainable approach, Citywire Selector has learned.
07/24/2023
CI Financial Reports Total Assets of $398.9 Billion for June 2023
All financial amounts in Canadian dollars unless stated otherwise.
07/21/2023
Petershill Partners partner assets under management rise in first half
The company had inflows of USD14.0 billion in its second quarter, and fee-paying inflows of USD1.0 billion in the same period.
07/20/2023
Illumen Capital Releases Annual Impact Report On Impact Of Racial and Gender Bias Training in Asset Management
Report findings reveal that, despite increased industry attention to DEI, investors continue to seek guidance on making effective and lasting change
07/20/2023
Bain Capital Closes Inaugural Insurance Fund at $1.15 Billion
Bain Capital employees committed the balance of the fund, continuing the firm’s heritage of being the largest investor collectively across its funds.
07/20/2023
Edward Jones Moves More Advisors to Teams
Edward Jones advisors not only have the option to share offices, but they can now share clients.
07/20/2023
CIBC Asset Management announces CIBC ETF cash distributions for July 2023
Unitholders of record on July 31, 2023, will receive cash distributions payable on August 3, 2023.
07/19/2023
Allfunds unveils the Private Partners programme
In addition to its innovative technological roadmap, Allfunds is proud to unveil the Allfunds Private Partners (APP) programme.
07/19/2023
Schwab's profit drops less than expected on asset management strength
Schwab has had to turn to supplementary funding sources to counter this churn.
07/19/2023
Waverly Advisors Acquires Gwynn Management Company
Waverly continues intentional growth in the Atlanta market
07/19/2023
TD Bank Group Comments on Expected Impact of the Charles Schwab Corporation's Second Quarter Earnings
TD Bank Group will release its third quarter financial results and host an earnings conference call on August 24, 2023.
07/19/2023
DARAG concludes two North American captive transactions
These transactions, alongside the many others we have had in North America, demonstrate the growing demand for the solutions DARAG offers in the region.
07/19/2023
SPG Strengthens Wealth Management Offering with Acquisition of Assets of AgencyONE
By acquiring AgencyONE's operations, SPG builds upon its acquisition of the assets of Brokers' Service Marketing Group II LLC, now operating as a division of SPG (BSMG) and expands its life and annuity distribution network.
07/18/2023
TD Asset Management Inc. announces reductions to management fees, changes to fund names and risk ratings for certain TD Mutual Funds
The following changes will be reflected in the TD Mutual Funds Simplified Prospectus and Fund Facts that will be filed on or about July 27, 2023.
07/17/2023
Marietta Wealth Management Demonstrates Confidence in Market with Increased Stake in Invesco BulletShares 2029 Corporate Bond ETF
The company recognized an opportune moment to bolster its position in BSCT, leading to it acquiring an additional 17,216 shares during the quarter.
07/17/2023
BNY Mellon Invests in LiquidityDirect, Outsourcing Trading
Over the past 18 months BNY Mellon has developed new products and services that meet a range of investment guidelines and risk appetites, both on and off balance sheet, to meet that need.
07/17/2023
Seven Takeaways from Preqin’s Guide to the U.S. Real Estate Investment Universe in 2023
In spite of recent market volatility, the firm concluded asset managers’ activity in the U.S. real estate market remained stable.
07/13/2023
Gen II Fund Services Initiates Major European Expansion with Acquisition of Crestbridge’s Private Equity and Real Estate Fund Administration Business
Acquisition Will Expand Gen II’s Private Capital Servicing Capabilities in Key European Jurisdictions and Increase Assets Under Administration to More Than $1 Trillion.