Phoenix Investment Partners of Hartford has completed its acquisition of the mutual fund business of Zweig Fund Group of New York for $135 million plus up to $29 million over the next three years, depending on revenue growth. With this acquisition, Phoenix has renamed the Zweig and Euclid open-end mutual funds the Phoenix-Zweig Funds and Phoenix-Euclid Funds. Phoenix currently has $57.5 billion of assets under management.
For advisors like Chris Diodato of WELLth Financial Planning, everything from insurance to industry software is costing more these days.
It can be hard for advisors to fully understand what clients and prospects truly want. The right questions can uncover not just financial blind spots, but the fears, priorities and assumptions behind their decisions.
Natasha Howe's friends were blowing up the internet as influencers, but they needed a financial advisor who could help get their financial lives in order. She now has a growing niche.
The first U.S. bank to offer an exchange-traded product tied to bitcoin saw $34 million in trading on the first day.
Exchange funds could help address some wealthy clients' concentration risks and tax quandaries at the same time.
The addition of Peter Laidlaw to Merrill's offices in San Francisco comes as firm executives aim to engage in "more aggressive recruiting."
