-
Jamie Dimon Doesn't Give A Sh*t About Bitcoin But JPMorgan Is Now Pitching An In-House Bitcoin Fund To Wealthy Clients
Thursday, August 5, 2021 - 12:21am | 571Read More...A private Bitcoin (CRYPTO: BTC) fund is now reportedly in the works at JPMorgan Chase & Co (NYSE: JPM) even though its CEO Jamie Dimon has been less than enthusiastic about the apex cryptocurrency in the past. What Happened: The New York-headquartered bank began pitching the Bitcoin fund to its...
-
JPMorgan In Talks For Another Wealth Management Joint Venture In China: Report
Tuesday, January 5, 2021 - 5:31am | 294Read More...JPMorgan Chase & Co (NYSE: JPM) is in plans to set up another wealth management joint venture in China, reports Bloomberg. What Happened: The talks between JPMorgan and the commercial banking entity China Merchants Bank ADR (OTC: CIHKY) are in the early stages and the U.S. bank may not...
-
BlackRock To Purchase Custom Index Provider Aperio For $1B To Boost Portfolio Management Services
Tuesday, November 24, 2020 - 12:00am | 327Read More...Investment management company BlackRock Inc (NYSE: BLK) has agreed to absorb operations of wealth management company Aperio Group along with the employees. Aperio is backed by private equity firm Golden Gate Capital. What Happened: The $1.05 billion acquisition deal will be settled...
-
UBS Creates New Global Financing Team
Tuesday, May 26, 2020 - 5:33am | 289Read More...With an intent to serve clients more quickly and simply, the Swiss bank UBS Group AG (NYSE: UBS) is creating a new global financing team comprising of employees from different divisions. What Happened The new team will span across global wealth management, investment bank, financing and risk...
-
Kicking Your Grown Child Out — And Other Financial Ideas For Your 50s
Tuesday, July 23, 2019 - 8:42am | 1002Read More...A few generations ago, if you were in your 50s, you were likely on the downhill slide to retirement, with most big financial decisions in the rearview mirror. But Americans are living and working longer, and a 50-something may have nearly half a life ahead. Fifty-somethings are likely in their peak...
-
Raymond James Financial Buys Silver Lane Advisors, Says Boutique Firm A 'Natural Complement'
Wednesday, January 23, 2019 - 5:26pm | 374Read More...Raymond James Financial, Inc. (NYSE: RJF) shares were 0.31-percent higher at $79.95 at the close Wednesday after the diversified financial services company said it reached an agreement to acquire Silver Lane Advisors, an investment bank that focuses on M&A transactions and other financial...
-
T. Rowe Price May Have A Hard Time Running In Place, Let Alone Achieving Growth
Wednesday, May 24, 2017 - 2:24pm | 383Read More...The U.S. Department of Labor's new fiduciary rule partially kicks in on June 9 (fully implemented on January 1, 2018) and will impact financial professionals who advise retirement investors. According to a Forbes report, the "DOL" rule dictates that advisers must give advice that is...
-
This Wealth Management-Disrupting Fintech Company Launches A New Look
Friday, October 14, 2016 - 2:48pm | 623Read More...The centuries-old business of wealth management, like the rest of finance, is undergoing massive changes. Many experts view the current capital markets as frothy, and investors are wary of asset prices that can change rapidly with the mood of the market. Seemingly in tandem with a year of market...
-
Ally Financial Confirms Acquisition Of TradeKing
Tuesday, April 5, 2016 - 12:51pm | 270Read More...Ally Financial Inc (NYSE: ALLY) announced on Tuesday it has agreed to acquire TradeKing Group, a digital wealth management company. The acquisition announcement follows earlier reports, such as from The Wall Street Journal, that such a deal would be announced on Tuesday. TradeKing's...
