Vestmark announced a partnership with BlackRock that aims to combine advanced portfolio management with tax management capabilities. Specifically, the partnership will combine Vestmark's VAST tax management capabilities across stocks, ETFs and separately managed accounts with BlackRock's capacity for building model portfolios at scale. Related: Altruist adds digital fixed income trading to the platform wide, which…
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In August, Google entered into a $2.7 billion deal AI Character.AI chatbot launch. The official reason? Obtaining a license to use Character technology. The unofficial reason? According to one Wednesday's Wall Street Journal reportthe consensus within Google is that the tech giant primarily wanted to rehire a former employee who left in 2021 after creating…
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Osaic's integration of its legacy broker/dealers (as well as Lincoln Financial's wealth business) continues apace. According to CEO Jamie Price, Securities America is fully integrated and the Lincoln business will be converted by January. In an interview in WealthManagement.com's New York office last week, Price said the firm's expectation of shedding advisers after Osaic's rebranding…
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Opinions expressed by Entrepreneur contributors are their own. For many businesses, growth often requires strategic moves, such as mergers and acquisitions. While these can be exciting opportunities, integrating two separate teams into one cohesive unit can tend to be frustrating. Overseeing the recent merger between my company, UptimeHealth, and our newly acquired company, Dental Whale,…
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Investments in Private loans have become more popular with the wealth channel. However, private equity loans are primarily issued as floating-rate debt, contributing to high returns compared to other private assets. Can lower interest rates and yield compression for the asset class dampens enthusiasm? Not necessarily, according to industry experts. For example, private debt strategies…
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Imagine wearing a pair of glasses and a bracelet that tracks your thoughts by sensing electrical impulses from your skin. Instantly, your field of vision overlaps with the digital world. You see holograms (3D digital avatars of real people), you can project your own hologram, you can even answer calls and play games while still…
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(Bloomberg) — A new exchange-traded fund trying to carve out a slice of the $6.3 trillion sitting in traditional money market funds is launching Wednesday. Related: Money market funds are growing in popularity. Here's what customers need to know According to a press release, the Texas Capital Markets Government Money Market ETF begins trading under…
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Opinions expressed by Entrepreneur contributors are their own. Let's face it—as a small or medium-sized business owner, you're likely inundated with messages about the transformative power of artificial intelligence. The promise of increased efficiency, improved customer experiences and data-driven decision-making is enticing. However, the road to implementing AI can seem daunting, especially considering the costs…
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Envestnet announced Wednesday shareholder approval of its pending acquisition by Bain Capital. The deal was first announced in July and is expected to close sometime in the fourth quarter of this year. Related: Bain Capital to buy Envestnet Shareholders overwhelmingly agreed to the merger at a special meeting. According to a statement, a preliminary vote…
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Opinions expressed by Entrepreneur contributors are their own. In entrepreneurship, I suggest a shift in mindset from the traditional narrative of perseverance and struggle to a more pragmatic approach. Entrepreneurs often praise their ability to endure challenges and overcome obstacles, but I believe that entrepreneurship should be seen more as project management. In this view,…
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