Investors dumped shares of Bitcoin and Ether exchange-traded funds as the world's two biggest cryptocurrencies fell to their lowest price levels in months amid a global equity selloff. Bitcoin and Ether investment products saw outflows of $400 million and $146 million, respectively, in the week ended Aug. 3, according to CoinShares Ltd. data. Bitcoin ETFs…

July work report marks the official end of the “war for talent”, with new job growth falling short of experts' expectations and the unemployment rate up to 4.3% compared to 3.5% last July, the highest since October 10/21. The “war” had been winding down for months, but July's numbers prove it's officially over for now….

Fidelity has introduced an all-in-one technology stack as well as an advisory package for small and medium-sized registered investment advisers who care with the firm, both available at special prices. The comprehensive technology staff includes components of Wealthscape, Fidelity's custodial platform, eMoney's financial planning software, and Advyzon's operational and portfolio software and investment management tools….

HamptonRock Partners, a Texas-based boutique investment bank and advisory firm, has launched HamptonRock Wealth Management, an Austin registered investment advisory firm. The firm has hired David Dodson, a former chief investment officer and portfolio manager of the OMEGA Group at Oppenheimer & Co., to lead the new wealth business. HamptonRock will build the new line…

The executives of Apollo Global Management Inc. sought to assuage investor concerns about the performance of alternative investments held in its Athene annuities business as that unit weighed on second-quarter earnings. Athene's profit fell 11% to $710 million, driven by a decline in alts revenue. That resulted from the poor performance of several equity investments…

Morgan Stanley told its advisers that they can ask qualified clients to buy shares in two Bitcoin ETFs, according to in a report from CNBC. Morgan Stanley is the first house to allow advisers to actively push investments. So far, some wires AND IBDs have allowed qualified advisors to offer approved ETFs to certain brokerage…

Private loan firms are looking to get their share of the valuation 178 trillion dollars the personal wealth market by offering individual investors what looks almost like a mutual fund. The product, called an interval fund, is being offered to registered investment advisers as an easy-to-sell entry into direct lending. Interval funds are available in…

Forget the Hamptons, Nantucket or Capri — Wall Street is spending part of its summer on the Paris Olympics. “It's a bit like Davos with some Olympic events in between,” said Mary Erdoes, who heads JPMorgan Chase & Co.'s asset and wealth management business. Erdoes described non-stop client meetings and unplanned run-ins with business leaders…

GPB Capital Holdings LLC founder David Gentile pleaded guilty Thursday to running a Ponzi-like scheme that federal prosecutors said risked more than $1.8 billion raised by thousands of investors. Gentile's co-defendant Jeffry Schneider, who ran Texas-based Ascendant Capital, was also convicted of securities fraud and conspiracy charges by a federal jury in Brooklyn, New York,…

It's no secret that asset managers are making a big push to catch growing demand for alternative investments in the retail channel. Big-name alternative asset players that have traditionally served institutions and high-net-worth investors, including KKR AND The Black Stone, have released products that are steadily attracting fund flows. Specialized providers like Cliffwater LLC AND…