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Envestnet weighs options after seeing takeover interest
The Chicago-based fintech has recently been approached by at least one private equity firm interested in acquiring it, according to people familiar with the matter.
SEC flooded with comment letters about Bitcoin ETFs
Hundreds of comments have been published online in the past two weeks, after Grayscale Investments launched a media campaign encouraging the public to weigh in on a Bitcoin ETF.
CI Financial adds $5 billion RIA, reports record financial results
The Canadian financial conglomerate acquired Newport Beach, California-based Corient Capital, while its earnings show its U.S. operations now represent its largest business segment.
The confusion over crypto assets
Clients are demanding access to digital assets. But how — and when — will brokers be able to sell them?
Investing platforms cash in on crypto craze
Companies ranging from established robo-advisers like Betterment to upstarts like the crypto-focused robo Domain Money have launched new products in recent weeks to help clients navigate the complex and often confusing world of digital assets.
Why RIAs should look at PE the way PE looks at RIAs
As private equity pours cash into wealth management, financial advisers should be exposing clients to private equity investments.
Crypto, fintech firms build platform to meet money-laundering rule
Coinbase Global, Gemini Trust and Robinhood Markets are among the companies working to comply with the Treasury Department's 'travel rule.'
Silence is not golden for GWG bondholders
When asked whether GWG's L Bonds were in default, a company spokesperson declines to comment.
There’s a portrait of Jamie Dimon hanging in JPMorgan’s metaverse lounge
Blockchain unit Onyx set up the lounge as it released a paper on how businesses can explore opportunities in the metaverse.
Hackers snagged $36 million in cryptocurrency in breach of IRA Financial
Company has launched investigation and contacted law enforcement because Bitcoin and Ethereum were snatched from IRA users on Feb. 8.
Metaverse ETFs are the hot new thematic investment
Investors are piling into exchange-traded products that offer exposure to companies jockeying to create virtual realities.
BlockFi to pay $100 million to SEC, states
The cryptocurrency platform agreed to settle allegations from the Securities and Exchange Commission and state securities regulators that it sold a crypto lending product that it hadn't registered with the SEC.
CAIS provides alts platform to Focus Financial firms
The custom CAIS platform will allow for the evaluation of hedge funds, private equity, private credit, real estate, digital assets, and structured notes.
Fusion Family Wealth sells minority stake to Merchant
Merchant's partnership structure continues to push into the RIA space with nearly 50 ownership stakes.
Comments not likely to sway SEC to approve Bitcoin ETF
The SEC has rejected several Bitcoin ETF proposals because of concerns about potential investor harm tied to a crypto market it does not regulate.
Treasury official says the need for stablecoin legislation is ‘urgent’
Treasury's Liang says that firms offering the coins should face the heightened scrutiny that lenders receive under U.S. rules.
Betterment acquires Makara in push into crypto market
Once Betterment launches its own crypto tool using Makara's technology, the tool will be available to retail clients, as well as through Betterment For Advisors, the company's business-to-business platform.
Merchant Investment Management takes minority stake in $1 billion RIA
The Chicago-area advisory firm, Inspirion Wealth Advisors, will use equity infusion to develop next-generation planners and potentially make acquisitions.
The SEC wants to know your views on Bitcoin ETFs
The agency is asking the public to comment on recent applications for exchange-traded funds linked directly to the price of Bitcoin and whether such funds could be a vehicle for fraud.
Digital asset industry group forms to promote market confidence
The Crypto Market Integrity Coalition is amendable to regulation and wants to help shape it. The 17 members signed a pledge to combat fraud and manipulation and ensure fair digital markets.
