The world’s top bankers and investors mostly stayed away from last year’s United Nations climate conference in the Egyptian resort town of Sharm El-Sheikh. But holding December’s COP28 meeting in Dubai, one of the world’s major financial centers, pretty much guarantees they’ll make a much bigger showing. Banks including Barclays Plc, Citigroup Inc. and...
Izzy Englander’s Millennium Management is in discussions to invest billions of dollars with Schonfeld Strategic Advisers in a rare partnership deal between two industry heavyweights, according to people familiar with the matter. Schonfeld, with about $13 billion of assets under management, would handle money for Millennium, which oversees about $60...
A bill recently approved by the House Ways and Means Committee would nearly double the annual limits on contributions to health savings accounts — a measure that opponents said will only provide a bigger tax perk for the wealthy. The HSA Modernization Act the committee passed last Thursday would bump...
For financial advisors, part of the appeal of independence is the opportunity to choose which type of partner firm aligns best with your needs, goals and business style. The options are many. In an effort to make comparisons easier, many advisors-in-motion compartmentalize firms into groups, labeled by their most...
Just weeks after it announced that it was acquiring Goldman Sachs Group Inc.’s registered investment advisor business, mega RIA Creative Planning is continuing to focus on deals. It said Tuesday morning it had acquired a Philadelphia-area firm, Kistler-Tiffany Advisors, that has close to $1 billion in client assets. Terms...
Edelman Financial Engines has acquired Align Wealth Management, a registered investment advisory firm that manages $425 million in assets, Edelman announced Tuesday. The Oklahoma City-based RIA also has an office in St. Petersburg, Florida, so the deal expands Edelman’s footprint into Oklahoma and Florida. The firm, co-founded in 1994 by Brian...
Money management firms launched new exchange-traded funds at a rapid pace last month, shaking off fears that the $7 trillion industry is already overrun with low-cost investment vehicles. Sixty-nine new ETFs came to market in September, making it one of the busiest months since at least 2016, data compiled by...
InvestmentNews will be ranking the industry’s leading financial advisors with its inaugural Top Advisors. The best individuals will be ranked based on assets under management, AUM growth, and organic client growth introduced to the business over the last 12 months. All figures submitted are subject to a verification process through...
If you’re a top-performing financial advisor on the East Coast, there’s a good chance Chris Shaw wants to talk to you. The industry veteran with three decades of experience has been hired by Sanctuary Wealth to spearhead recruitment of advisors across the region as its East Coast regional managing director,...
While the investing world has some famous names – Warren Buffett and Cathie Wood to name just two – there are also many celebrities who are seasoned investors. But which of the A-listers who are best known for their creative arts also appear to have mastered the art of investing? A...