Finance

With $440 million in capital, the alternative investing company plans to expand internationally and make more acquisitions.

CEO Jim Cracchiolo acknowledged that the firm attracted fewer experienced reps in the second quarter, even as its headcount ticked up by 2%.

A new high in loan volume and a notable influx of advisory AUM drove the wirehouse’s business to more than half a billion dollars in second-quarter net income.

Titan plans to challenge Fidelity and BlackRock and attract younger generations to active investing.

The deal formally unites Marty Bicknell and Steve Lockshin, two of the biggest names in wealthtech investing.

CEO James Gorman says the company has created something new by adding Solium and E-Trade to its existing force of financial advisors.

While the bank’s second-quarter earnings disappointed, wealth management services, driven by Merrill Lynch, were a bright spot.

Higher equity values and client activity pushed up the major custodian’s revenue in the second quarter, despite significant headwinds.

Yet there is concern the Delta variant of the coronavirus may spread and spear policy actions that could slow economic growth.

Private equity firms are jostling to invest in financial advice firms that they think may become cash cows.

The megabank announced second-quarter revenue of $4.1B for the Asset and Wealth Management unit, with net income of $1.2B.

Most investors are rigid about their investing philosophy, which makes them poorly adapted to changing markets and political regimes.

JPMorgan, BlackRock and Morgan Stanley say the bond-market gains that have sent yields into a sudden tailspin are nothing to worry about.

As inflation rises, it's likely to cause trouble for the biggest money-management firms, bringing an end to the rapid consolidation in the industry, writes Richard Cookson.

Eliminating the benefit often used by private equity firms is one of the reforms Biden and Democrats are planning to use to help pay for the biggest social spending expansion in decades.

Advisors will walk a fine line as they reinforce fundamentals while leveraging market and tax-policy uncertainty, says Clayton Bland of CliftonLarsonAllen Wealth.

The billionaire put into his account pre-IPO shares of Paypal, Facebook and Palantir valued at just $0.001, which then exploded in value.

Aiming for financial goals is helpful when it comes to paying off debt and building strong finances. But how much money is enough to feel affluent?

The ultra-rich have direct access to asset classes, including private markets and Bitcoin, that other investors, including mass affluent ones, don't.

How the pandemic is accelerating trends in financial advice and changing the way Americans manage their money.