National RIAs to merge to create $11.2B firm with plans to hire in 2024

Two national registered investment advisor firms are to merge creating an entity managing around $11.2 billion. Curi Capital ($1.6 billion AUM) and RMB Capital ($9.6 billion AUM) will combine as part of a wider deal that sees Curi Holdings Inc. acquire a majority stake in RMB, with the transaction expected...

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Steward Partners attracts ‘peachy’ $275M partner for its first Georgia offices

Steward Partners has expanded into the Peach State with a two-person advisor team managing approximately $275 million in client assets. Miller Family Wealth Management comprises partner, managing director and wealth manager Charles (Chuck) Miller and partner, vice president and wealth manager Sim Learn more about reprints and licensing for this article.

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Binance to pay $4.3B in settlement as firm, CEO plead guilty

Binance Holdings Ltd. and its Chief Executive Officer Changpeng Zhao pleaded guilty to anti-money laundering and US sanctions violations under a sweeping settlement with the US that allows the cryptocurrency exchange to continue operating.  Binance will pay $4.3 billion in one of the largest corporate agreements in US history. Zhao...

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Japan’s value stocks to extend overperformance in 2024, says UBS

UBS Global Wealth Management expects Japan’s cheaply valued stocks to extend their outperformance into 2024 amid a revival in domestic economic growth and gradual monetary policy tightening. Value stocks will rally as the economy may post 3% to 4% nominal growth next year and the Tokyo Stock Exchange pushes for...

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Consumers like these wealth apps best, J.D. Power says

Big banks are beating their competitors when it comes to customer satisfaction with wealth management and planning apps, according to a report Tuesday from J.D. Power. Overall, full-service wealth management clients are happiest with the mobile apps and websites at Citi, J.P. Morgan Private Clien Learn more about reprints and licensing...

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How will you rate your fund providers and investment research platforms?

InvestmentNews’ first 5-Star Fund Providers and 5-Star Research Platforms will recognize the industry’s best providers and platforms based on customer service, ease of access, transparency, and more. Complete the survey here. As an added incentive, you will be entered for the chance to win one of five $50 Amazon gift cards. The...

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