Assets serviced by iCapital have exploded to $80 billion across more than 780 funds to date, up from $46 billion in March 2020.
The insurance brokerage, which couldn't convince the U.S. that the combination wouldn't restrain competition, will pay a $1 billion termination fee to Willis Towers.
Sales of such alternative investments are so strong, they have already surpassed last year's total of close to $27 billion, and are tracking to nearly double that amount by year end.
The cryptocurrency's gains were sparked by speculation that Amazon might eventually accept Bitcoin as a method of payment.
Baseball cards, wine, even dinosaur bones can help diversify a portfolio, as demand for the items surged during the pandemic.
Some of the keys to successful card investing include buying rare, good condition cards of established players, said Bart Brewer, an adviser at Global Financial Advisory Services.
The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.
The income calculation for Medicare and Social Security includes tax-exempt interest on municipal bonds.
The 12-city tour was postponed last year because of the Covid-19 pandemic.
Former Voya, Nuveen exec Mike De Feo will head the company’s new business line.
The actively managed ETF offers the narrowest of investment themes: a leveraged play on Bitcoin with the added twist of being easy on the planet.
The latest cash influx adds to more than $42 million in prior funding rounds and seed capital. Vestwell will also be a retirement plan record keeper available through Morgan Stanley’s workplace business.
The SEC chairman made it clear that digital assets that mirror the performance of Amazon.com, Tesla and other well-known companies are probably still covered by U.S. securities laws.
Nasdaq Inc. has formed a joint venture with Citigroup Inc., Goldman Sachs Group Inc. and Morgan Stanley to establish a trading venue for shares of closely held companies.
The robo-adviser has experienced rapid growth over the last 12 months, reaching its first $500 million in assets under management in March with 26,640 users on the platform.
Nearly 90% of exchange-traded fund sponsors received the highest score in Sage Advisory's study of ETF stewardship.
In a reversal of the reopening trade that has powered this year's equity rally, cyclical companies bore the brunt of Monday's sell-off.
Investments pegged to market volatility remained in client accounts for up to a year when they were meant to be short-term investments.
Boston Family Advisors has a narrow focus on wealthy families that have most of their assets invested in private equity and venture capital.
Congress will likely have to provide the legal framework for the SEC to regulate cryptocurrencies more efficiently and is working quickly to shape future regulation.
