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Summit Partners enters RIA venture with former exec at First Republic
The former wealth head of the failed regional bank is building a new platform to attract high-net-worth wirehouse teams.
Rising markets, rates tee up second-half margins for B-Ds
Broker-dealers are gaining the double whammy of billing higher fees based on more client assets as well as generating more revenue from higher interest rates.
Market volatility exposes generation gap among investors
As the banking crisis unfolded during the first quarter, the youngest investors were loading up on financial sector stocks and crypto, while older investors backed off.
Many Americans worrying their money in the bank isn’t safe
48% of Americans are very or moderately worried about their money following the worst spate of bank failures in 15 years, according to a Gallup poll.
First Republic shares hit record low as rescue proves elusive
The bank's stock fell amid speculation that a takeover by regulators, while not the only possibility in play, is becoming more likely.
