Displaying 130 results
Wealth Enhancement Group buys $1.7 billion Kings Point Capital Management
The acquisition, Wealth Enhancement Group's fifth completed deal this year, boosts its total assets to $55 billion.
SEC pries into over 100 traders’, bankers’ phones in texting probe
The agency has been sending firms lists of key positions including heads of certain investment banking teams or trading desks.
Edelman hires Goldman exec as CFO
Suzanne van Staveren will work on Edelman Financial Engines’ long-term growth strategy and financial objectives.
Wall Street firms make crypto push to catch up with ‘cool kids’
Earlier resistance could impede Wall Street’s latest efforts to stay competitive, just as regulatory uncertainty and internal compliance cloud expansion plans.
Goldman Sachs sees US recession odds at 35% in next two years
The Fed’s main challenge is to reduce the gap between jobs and workers, and to slow wage growth to a pace consistent with its 2% inflation goal.
The latest in financial #AdviserTech — April 2022
This month’s #AdviserTech roundup looks at Wealthbox's funding round and the transition in advisory firms' use of CRM systems, Summit Wealth Systems' attempt to build the next generation of performance reporting, and Advyzon's new TAMP.
Bank ETF posts biggest cash exodus since 2020 ahead of earnings
More than $2.5 billion has exited the $42 billion Financial Select Sector SPDR Fund last week.
Goldman Sachs to acquire retirement plan robo NextCapital
The company's asset management unit already supervises a total of $350 billion in assets in defined-benefit and defined-contribution accounts and will utilize the acquisition to provide new digital tools to customers.
Exclusive: Morgan Stanley lays out plans to enter the ETF market
The $1.5 trillion investment manager is designing a full-scale ETF platform, and plans to launch its first ETFs this year.
Two years later, financial services firms still searching for balance on remote work
Some of the biggest brands in wealth management are trying to figure out what normal looks like, and how and whether it makes sense to bring employees back to the office.
Citigroup is latest bank to be probed over unapproved messaging services
The SEC is probing Citigroup Global Markets Inc. and other firms over communications sent over unapproved electronic messaging channels.
Goldman probed by SEC over messages sent using unapproved services
In December, the SEC and CFTC imposed $200 million in fines on JPMorgan Chase over messaging apps.
To honor Black adviser pioneers, keep growing their ranks
Let’s honor Thorvald McGregor, Lilla St. John and other Black pioneers by encouraging and supporting their contemporary counterparts.
Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million
Wall Street giant sets another high mark for profit in 2021.
Mutual fund investors brace for hefty capital gains taxes
As fund companies start to post annual tax distributions, more than 110 funds are already showing capital gains distributions of more than 20%.
Goldman Sachs, Ascensus create small-business retirement plan
The Goldman Sachs Workplace Retirement Solution uses the Ascensus platform to provide an integrated 401(k) or 403(b) plan that includes digital advice and digital financial wellness support.
Goldman requires vaccines and masks at work
The firm that led Wall Street's return to the office responds to the spread of the highly contagious delta variant with more stringent safety measures.
Goldman Sachs enters custody business with Steward Partners as first client
Steward will use Goldman for assets held at Umpqua Investments, which it acquired recently.
Is the Carson Group worth $1 billion?
Just five years ago, the Carson Group had a total valuation of $120 million, or six to eight times less than its current potential valuation. The firm said in October it is looking to raise capital to continue to invest in registered investment advisers and wealth management firms.
Goldman joins banks exploring green equity as new ESG asset
Thirteen years after the first green bond, some financial firms are now working on creating a market for green stocks that meet measurable climate metrics.
