08/31/2023
Portfolio Advisors partners with global investment firm for private markets offering
The Connecticut-headquartered firm will help its partner to extend its offering for selected wealth management clients.
Alternative Investments
08/29/2023
$2.6 Billion Team Joins Raymond James From Securian
Summit Financial Group is departing Securian weeks after Cetera closed a deal to purchase that firm’s retail wealth business.
08/29/2023
Hedge fund exposure to 7 biggest tech stocks at record high, Goldman Sachs says
Hedge funds continue to embrace mega cap tech and the artificial intelligence theme
08/28/2023
A new, green California city in Solano County: $800m land acquisition raises questions
Flannery Associates have disclosed it has been buying rangeland properties in Solano County since 2018, cumulatively spending more than $800m
08/28/2023
CI Financial Reports Total Assets of $430.3 Billion for July 2023
All financial amounts in Canadian dollars unless stated otherwise
08/25/2023
Financial analysis: Berkshire’s market cap nears $800bn
Roughly 75% of Warren Buffet’s investment portfolio is concentrated in only five companies
08/24/2023
Perpetual merges regional asset management businesses under one global umbrella
The Group consists of regional asset managers Perpetual, Pendal, Barrow Hanley, J O Hambro, Regnan, Trillium and TSW; has appointed a new chief executive for the global division.
08/24/2023
TFS Wealth Management in Lincroft joins Pensionmark as World Insurance company
This acquisition brings an additional $5.5 billion of wealth assets under management to World’s financial services division and increases the number of financial advisors in the network to 307.
08/23/2023
Canadian banks should brace for challenges ahead, Bank of America warns
Bank stocks have already felt the pressure, down 6% month-to-date, reflecting these concerns.
08/23/2023
Schwab to Cut Staff, Real Estate to Save $500 Million a Year
The company has faced scrutiny from investors in recent months, particularly regarding unrealized losses from securities held on bank balance sheets.
08/23/2023
Four Best Practices For Protecting Revenue With Risk Management
But although many fraud strategies focus heavily on reducing risk, it’s equally important to recognize the role that risk management plays in fueling healthy growth.
08/23/2023
Germany's L-Bank taps loonie bond investors as Ottawa mulls cancelling mortgage bond program
Sold $300 million of AAA-rated bonds in first widely marketed Canadian dollar deal
08/23/2023
Raymond James adds $300 million advisor from Merrill
Burdette Park will launch eponymous firm in Louisville, Kentucky.
08/22/2023
SS&C Signs Definitive Agreement to Acquire Iress' Managed Funds Administration Business
Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia
08/22/2023
Kestra Private Wealth Services Expands California Presence by Onboarding $124 Million Thriving Asset Management
Silicon Valley-based firm looks to embrace true entrepreneurship and offer high-touch client service with full-service support of Kestra PWS
08/21/2023
US Solar Fund selects new investment manager
Amber Infrastructure Group
08/21/2023
Goldman Sachs sees room for investors to grow more bullish on US stocks
Margin balance held by retail traders, meanwhile, is hovering close to its 5-year average and remains well below peaks hit in March 2018 and October 2021, the firm said.
08/17/2023
Could private equity exposure anchor clients in choppy markets?
Private markets expert and CEO argues advisors with more choice in product selection could have an edge
08/17/2023
The other reason you can't get a job at that hedge fund
These first came to light two years ago when Bloomberg reported that Balyasny had agreed not to poach staff from Citadel for a limited period of time.
08/17/2023
Building Trust Within Our Clients
Ask questions, acknowledge your clients’ humanity and do not be afraid to let your own show.