Blackstone's Profit Tops Estimate on Credit Strength, Fee Gains
Blackstone beat second-quarter profit expectations on strong gains in its credit and private equity businesses.
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BlackRock Private Funds Face Attempted Exit by Key Investor Arch
A key investor in BlackRock Inc.’s private funds is looking to cut its stakes following disappointing performance and senior executive departures.
Finra is Investigating How Morgan Stanley Screens its Wealth Management Clients
Finra is investigating how Morgan Stanley screens wealth management clients, with particular focus on anti-money-laundering compliance practices.
Goldman Held Takeover Talks With Northern Trust Amid Hunt for Deal, Semafor Says
Goldman Sachs, which is “shopping for needle-moving acquisition,” held takeover talks with Northern Trust early this year nearly clinched $6B deal.
SEI to Acquire Majority Stake in Stratos Wealth Holdings in Strategic $527 Million Deal
SEI is acquiring a 57.5% majority stake in Stratos Wealth Holdings, a diversified financial services platform anchored by a large RIA network.
Charles Schwab Posts Strong Q2: Earnings Beat, $80.3 Billion in Net New Assets Signal Continued Momentum
Charles Schwab’s second-quarter results delivered a clear message to the wealth management industry: asset growth and client engagement remain robust.
Stifel, Commonwealth Top 2025 J.D. Power Advisor Satisfaction Rankings
Stifel and Commonwealth Financial Network have once again secured top honors in J.D. Power’s latest U.S. Financial Advisor Satisfaction Study.
