Northern Trust Asset Management hires two industry veterans to focus on wealth management by Kali Persall | Oct 10, 2024 Northern Trust Asset Management (NTAM), a global investment management firm with $1.2 trillion in assets under management as of June 30, has made two strategic hires focused on serving its wealth management arm, Northern Trust Wealth Management.
Griffin Capital explores Qualified Opportunity Zone Funds impacts in new report by Released | Oct 10, 2024 Griffin Capital Company, a private real estate investment manager and a sponsor of qualified opportunity zone funds, has announced the findings from its Economic Impact Analysis report.
Greenbacker broadens fundraising capabilities with new senior business development hires by Kali Persall | Oct 10, 2024 Greenbacker Capital Management has expanded its distribution and fundraising capabilities with the hiring of Adam Evans and John Hennessey.
EP Wealth Advisors forms strategic partnership with Opto Investments by Released | Oct 10, 2024 EP Wealth Advisors, an independent registered investment adviser (RIA) with an expanding national presence and client base, has announced its strategic partnership with Opto Investments, the technology-enabled solution expanding private markets access for independent investment advisers.
Cities can mitigate and adapt to climate-related risks by Jennifer Molloy | Oct 10, 2024 While cities are exposed to climate-related risks, most can mitigate and adapt to these hazards, according to Cushman & Wakefield’s Climate Risk: Global Cities Outlook report.
Survey finds workplace retirement plan participants are interested in alternative investments, but knowledge gap remains a challenge by Kali Persall | Oct 9, 2024 More than one-third (36 percent) of investors participating in a 401k, 403b or 457 workplace retirement savings plan said they would invest in private equity and private debt investments if their plan provided access to these assets, according to the Schroders 2024 U.S. Retirement Survey. Yet the knowledge gap among plan participants remains a significant hurdle.
Bluerock Value Exchange seeks $32m for new industrial DST offering by Kali Persall | Oct 9, 2024 Bluerock Value Exchange, a long-time, national sponsor of 1031 exchange and Delaware Statutory Trust (DST) investment programs, is seeking to raise approximately $31.6 million from accredited investors for its latest 1031 exchange/DST offering, BR Diversified Industrial Portfolio IV, DST (DIP IV).
Cetera Financial Group announces latest insurance company carve-out by Kali Persall | Oct 9, 2024 Cetera Financial Group, the premier financial adviser Wealth Hub, has agreed to acquire Concourse Financial Group Securities, Inc. (CFGS), a subsidiary of Protective Life Corp., via an asset acquisition.
BlackRock launches new technology platform for asset managers by Kali Persall | Oct 9, 2024 BlackRock has launched eFront Provider, a new fund-servicing technology platform designed to offer asset managers a modern fund-servicing experience, which includes real-time views into their clients’ private markets investor, fund and investment data.
U.S. adds 254,000 jobs in September by Loretta Clodfelter | Oct 9, 2024 Total nonfarm payroll employment increased by 254,000 in September, higher than the average monthly gain of 203,000 over the prior 12 months, according to the Bureau of Labor Statistics, and the unemployment rate was 4.1 percent.