All articles by Satarupa Bhowmik
Satarupa Bhowmik
Edward Jones, Osaic, Cambridge to pay $8.2m restitution for excess charges
FINRA secured more than $9.5m in restitution for mutual fund customers across five companies.
Focus partner firms Brownlie & Braden and Prairie Capital merge
The merger will provide Brownlie & Braden’s team with access to Prairie’s planning and investment resources.
BNP Paribas enters deal to acquire AXAInvestment Managers
The merger is set to create a ‘leading’ asset manager in Europe with €1.5tn in assets under management.
TA Associates to invest in New Zealand wealth manager Craigs
The current employee and director shareholders of Craigs will maintain a 50% ownership stake in the firm.
InvestCloud unveils private-markets account offering
Using InvestCloud’s APL platform, the PMA provides a centralised point for holding, and rebalancing alternative investments.
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Orion enters deal to buy wealthtech Summit Wealth Systems
Summit CEO Reed Colley will join Orion as president of Orion Advisor Technology.
Summit makes minority investment in Gordon Asset Management
Gordon Asset Management manages about $220m in assets and $1.1bn in qualified plan assets.
Rothschild & Co names new CFO for Swiss wealth management
Eisenring will take over from Christian Bouet, the current CFO of Rothschild & Co’s Wealth and Asset Management.
HSBC names new interim CEO for Swiss Private Bank
Shipman will take over from Gabriel Castello, who was recently appointed as the interim CEO of HSBC’s global private banking.
Waverly Advisors expands in US with Planning Capital Management
The latest deal increases Waverly’s assets under management to approximately $15.9bn.