From WealthManagement.com
0 visitor like this article | Viewed 4190 times | 0 comment
Summary: Advisors looking for ways to connect their investor clients with startup funding, including angel investing have a new option. Investors and advisors interested in creating a special-purpose vehicle now have an automated SPV formation and management product available to them, according to the Miami Herald. Founded by Herwig Konings and Mario Pazos, Digital SPV won a South Florida fintech competition and has received $1 million in commitments, with plans to add more than 500 users by the end of the year.
From InvestmentNews
0 visitor like this article | Viewed 3699 times | 0 comment
Summary: Since Wealthfront launched Federal Deposit Insurance Corp.-insured high-yield savings accounts in February, the digital adviser said clients have deposited more than $1 billion, generating $2.5 million in interest. With that success, Wealthfront is increasing interest rates on the cash accounts to 2.29%.
From WealthManagement.com
Added on April 2019 in Form an RIA
0 visitor like this article | Viewed 4143 times | 0 comment
Summary: Some independent broker/dealers, offices of supervisory jurisdiction (OSJs) and registered investment advisors market their advisors as “independent." But executives on the fee-only RIA side of the business say breakaway brokers are being sold a bill of goods when they join these models.
From InvestmentNews
Added on April 2019 in Join an RIA
0 visitor like this article | Viewed 4608 times | 0 comment
Summary: Aaron Shapiro's quest to rethink employee stock purchase plans began with a startling insight: If only his mother had participated in one, she'd be a millionaire today.
From Financial Planning
Added on April 2019 in M&A Issues
0 visitor like this article | Viewed 4135 times | 0 comment
Summary: The Overland Park, Kansas-based RIA has made its sixth purchase of the year buying Singer Xenos Schechter Sosler, an advisory firm in Coral Gables, Florida with more than $1.3 billion in assets under management. And Mariner CEO Marty Bicknell says he’s not done yet, as he hopes to complete approximately six more transactions by the end of the year.
