More about InVest: As new digital tools transform wealth management, the industry’s largest players are rushing to adapt to ever-increasing customer expectations, while smaller firms strive to keep pace. Behind the scenes, many are investing more on technology and hiring to drive growth, but margins remain under pressure. In|Vest West is exploring all the dynamics at play — from front to back office — and the technologies that are shaping the future of the firm.
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The deal values closely held Fisher Investments at $12.75 billion and is part of the founder's estate planning, according to the firm.
June 17
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Layla Kennington is an intern for Bond Buyer through the Dow Jones News Fund. She is a rising senior at Tufts University studying International Relations and Arabic. An aspiring business reporter, she was a features editor for the Tufts Daily and news editor for the Tufts Observer.
June 17
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The Internal Revenue Service is setting up a new unit to target the use of basis shifting between related parties as a way for partnerships to avoid paying taxes.
June 17
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In less than one year since taking over Orion, CEO Natalie Wolfsen has embarked on a massive journey to fully integrate the firm into an open architecture, holistic platform. Part of that plan includes employees coming into the office more.
June 14
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Olivia Krylov is an associate at Capco, interested in the banking and payments, risk and regulatory, and security and privacy spaces.
She currently works out of Capco's Chicago office and is on a payments engagement assessing the security of the clients payment rails. She has also supported a DEI engagement developing the financial institutions overall strategy, as well as a small team working on financial and regulatory consulting for a financial services firm. She has previous experience in consulting both through internships and in an academic context.
June 14
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Christopher Senackerib is a senior consultant at Capco.
He has worked as a project manager and business analyst on projects across investment management and capital markets organizations. Prior to joining Capco he worked at a boutique financial services consulting firm, delivering capital markets technology projects, and he previously managed a team providing investor and market intelligence data at a fintech firm.
June 14
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Yext's CEO said his firm could have tried building its own in-house compliance software. Instead, it found exactly what it needed at Hearsay Systems.
June 14
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Emily Dell is a client engagement manager for DUX, a virtual inspection software company. She has a background working for SaaS startups in client-facing positions.
June 14
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The payout of nearly $20 million reflects the mixed status of Black representation among financial advisors at the largest wealth management firms.
June 14
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Crypto backers have amassed a $160 million to bolstering U.S. candidates who favor light-touch regulation of the embattled industry.
June 14
