Qatar’s New Diversification Fund Attracts Investors
If ever there were an example of investing internationally to reap the benefits of diversification, perhaps Qatar’s new venture is a shining example.
Some RCAP Sales Agreements Reinstated; Schwab, Fidelity Ease Ban
RCAP says that 70-plus selling agreements “have been reinstated to date.”
Schorsch Firms Settle Differences on Scuttled Cole Deal
RCS Capital settled with ARCP in a deal worth $60 million after backing out of a $700 million deal in October, the firms said.
HighTower Gives Advisors Envestnet Retirement Tool
The partnership aims to boost the retirement plan business of its independent advisors.
Top Portfolio Products: China Bond ETF From Global X
AssetMark adds donor-advised fund, while Franklin Templeton launches Social Security optimizer tool.
Cetera Strikes IPO Investment Deal With JMP, Expands Tech Ties With Broadridge
The group's 9,700 advisors will be able to offer retail clients access to initial public offerings and its financial-institution clients more self-clearing capabilities.
Focus, Dynasty Add Teams; Morgan Stanley Grabs 4 FAs With $660M
Boutique firms continue to attract registered reps, including some from the wirehouse firms.
New Hire Roundup: BNY Mellon Announces Organizational Changes
Commonfund's president and CEO Verne Sedlacek will step down; Sarr to head ESG investing at Northern Trust Asset Management.
HighTower, Focus Add Wirehouse Advisors
Raymond James, Commonwealth and Wells Fargo also recruit reps from rivals.
Schorsch-Led Group to Buy Strategic Capital
RCS Capital aims to expand the alternative products it offers advisors and their retail investor clients.