Capital markets

Funding for wealthtech is also picking up, with firms attracting $1.5 billion across 62 deals in the third quarter.

A 50% allocation to equities for someone in their 60s still leaves someone with a lot of risk right before retirement, writes Jared Dillian.

The uncertainty could lead to market volatility, delayed stimulus negotiations and complicate planning for a potentially new regulatory environment.

The firm will use its warchest to expand its technology stack and make acquisitions.

Complicating socially conscious investing is the fact the SEC doesn’t regulate how the category’s labeling is applied.

“These are tracking the industries that are supporting the economy and will continue in the post-pandemic world,” an expert says.

The fintech plans to build out cash, checking, insurance and mortgage products.

Genstar Capital Managing Partner Tony Salewski spoke openly with advisors about the firm’s investment strategy for the IBD network.

The acquisition established a $6 trillion-giant operating as a mutual fund company, RIA custodian, bank, retail brokerage and national wealth management firm.

Estimates for the deal between the analytics platform and private equity firm LLR Partners go as high as $270 million.