The private credit market is seeing strong interest from both fund managers and investors and the once-niche market is now worth around $1.5 trillion. Private credit fund managers are increasingly providing investors with customized exposure to the market and some key trends are emerging, according to a new report from...
The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant. BondbloX Bond Exchange, or BBX, launched in 2020 and allows investors to track and trade bonds electronically. It has been hailed as a significant step in...
A reported dip in engagement with financial advisors by diverse Americans in 2022 appears to be reversing. Last year Allianz Life reported that just 24% of Black investors and 35% of Hispanic investors had a professional financial advisor, dropping from 38% and 44% respectively in 2021. However, new stats for 2023...
With Apple having unveiled its latest product range this week, a new report reveals how some Americans may put buying the iPhone 15 ahead of their bills. LendingTree’s research found that while most people said it’s important to have the latest tech, for 3 in 10 it’s so vital that...
Citi has announced a significant change to its organizational model and its management structure. The move will see Andy Sieg, the firm’s new wealth business leader, take a seat on the executive management team along with the leaders of the firm’s other interconnected businesses. Sieg joins the firm on Sept....
A financial advisor who began her career as a branch office administrator at Edward Jones is returning to the firm in Winchester, Virginia. Julie Wise rejoins the firm after eight years with Wells Fargo Advisors, where she was part of a team managing $300 million in client assets. Wise spent three...
Apple made history as the world’s first $3 trillion company but how have the big cap firms changed over the past 40+ years? A new report from City Index looks back at the top 10 firms by market cap in 2000 and 1980 to highlight how the stock market has...
Americans with at least $1 million in investable assets are generally pretty good at managing their long-term financial future according to a new survey. But not all of those polled by Northwestern Mutual have the peace of mind that a robust financial plan provides and are concerned that, unless they...
Three quarters of family offices are shifting their primary focus towards wealth and investment management according to a new global survey from Citi Private Bank’s Global Family Office Group. In last year’s survey, little more than half of respondents said this was their focus, reflecting concern about the uncertain macroeconomic...
Investors seeking exposure to U.S. companies with high free cash-flow yield and dividend growth have a new option from Amplify ETFs. The $4.4 billion asset manager, which acquired the ETFs of the ETF Managers Group in June, has announced the launch of the Amplify Cash Flow Dividend Leaders ETF (COWS)...