Macquarie Investment Management and Wilshire Associates have created a fund aimed at mass-affluent investors that packages private-market assets.
As outlined in its prospectus, the model portfolio of the Delaware Wilshire Private Markets Fund consists of investments in private equity (50%), private debt (15%), alternative yield (15%) and private real assets (20%).
The fund, which has an initial investment minimum of $25,000 and an additional investment minimum of $5,000, will charge a management fee of $1.2% on top of the fees charged by the private funds in which it invests.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
