Four months after the State Council, China’s cabinet, unveiled a nine-point document aimed at restoring investors’ confidence and attracting long-term funds, the market is back in a downward spiral after a relief rally. There are telltale signs of investors shunning stocks: turnover on the Shanghai and Shenzhen exchanges has plunged to a four-year low, the
The author of this article considers the benefits, features and potential pitfalls involved in different structures of philanthropy, in a US context. This publication continues to examine the pros and cons of different ways to “do philanthropy” in terms of structures, such as private foundations and donor-advised funds (DAFs). These entities exist for slightly
A deal announced yesterday is another example of the vigorous M&A activity that has been a feature of the North American wealth management sector. Private credit specialist Crestline Investors has made a strategic investment in Indiana-headquartered Credent Wealth Management, a $2.6 billion RIA. The move continues a trend of investment houses buying stakes in
Earned Wealth has raised $200 million for its business that advises doctors on their professional and personal finances. The company provides one interconnected platform that doctors can use to consult with wealth management experts on topics that include financial planning, tax planning, wealth management and investing, Bloomberg reported Wednesday (July 10). Earned Wealth was founded in
Andrew Tasnady says wealth management firms’ recruiting loan balances can tell you a lot about their ambitions and strategies, but they can’t tell you everything. On one hand, said the industry compensation consultant and founder of Tasnady & Associates, the firms that have seen the greatest revenue growth in the past few years have tended
TORONTO, July 10, 2024–(BUSINESS WIRE)–CI Financial Corp. (TSX: CIX) (“CI Financial” or the “Corporation“) today announced the final results of its substantial issuer bid (the “Offer“) under which it has purchased for cancellation 5,000,000 of its common shares (the “Shares“) at the purchase price of $15.50 per Share, for an aggregate purchase price of approximately
GENERAL RISKS & CONSIDERATIONS. Any views, strategies or products discussed in this material may not be appropriate for all individuals and are subject to risks. Investors may get back less than they invested, and past performance is not a reliable indicator of future results. Asset allocation/diversification does not guarantee a profit or protect against loss. Nothing in this
Editorial Staff June 25, 2024 The new CIO has worked in a number of roles in the wealth and investment sectors for more than a quarter of a century. Certuity, an RIA, has appointed former WisdomTree and Dynasty figure Scott Welch as chief investment officer. Welch,
Wealthy residents and visitors in Hong Kong are seeking more investment and wealth-management services, buying more insurance and increasing their spending via debit cards amid the market rally this year, according to a senior Citigroup executive. “We have seen a strong growth in sales of our investment services and insurance products in the first quarter,”