ICapital Network, a tech platform for private equity, hedge funds and other alternative investments, has raised $146 million in capital to expand its capabilities and functionality.
The capital came from Ping An Global Voyager Fund, which led the round; new investors including Goldman Sachs, Affiliated Managers, Hamilton Lane and WestCap; as well as existing investors BlackRock, UBS Financial Services, Blackstone and BNY Mellon.
In a release, iCapital said the funds also will be used to grow internationally and further its commitment to market education.
Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.
The $36 million buy allegedly hid inflated books and a $50 million diversion.
“An award citing emotional distress is very unusual,” an industry executive said.
New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.
Beyond operational excellence, the winning advisors of the future are the ones who can reach across multiple disciplines without discarding specialist skills.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
