(Bloomberg) — Private equity firm Advent International and a unit of the Abu Dhabi Investment Authority are buying a minority stake in billionaire Ken Fisher's Fisher Investments worth up to $3 billion. The transaction, in which the buyers will invest at least $2.5 billion, values ​​Fisher at $12.75 billion, the money management firm said in…

Excellence is something every advisor strives for. But some advisors aren't willing to wait to achieve what they define as “perfection,” but are instead on a quest to find the fastest and most efficient way to get there. Rob NelsonCEO and founder of Minneapolis-based NorthRock Partners, stated in a last podcast interview that this quest…

(Bloomberg) — Todd Boehly is planning to launch a new asset management firm and is in talks to sell a stake to investors in an effort to turbocharge growth and finance potential acquisitions across the globe. The new business, to be called Eldridge, is set to combine at least six existing platforms backed by Boehly's…

(Bloomberg Opinion) – When billionaire John Paulson was asked why he was holding a fundraiser for Donald Trump as the former president tries to win back the White House, here's what he said a Bloomberg News reporter during an interview at his $110 million Palm Beach estate: I think Trump did a phenomenal job…

(Bloomberg) — Stocks and bonds outperformed Bitcoin this quarter, raising the possibility that a crypto boom is ending. Global stock gauges, fixed income and commodities are all ahead of the biggest digital asset, which has fallen about 5% since the start of April as of 1.15pm on Friday in Singapore. Ari also showed him a…

These benefits govern almost every aspect of how clients manage taxes, finances, inheritance, housing and health care. Married couples automatically qualify for no fewer than 1,138 benefits, rights, protections and privileges under current federal law. These benefits govern almost every aspect of how clients manage taxes, finances, inheritance, housing and health care. This gallery describes…

(Bloomberg) — Investment manager MacKay Shields has launched an exchange-traded fund that will buy asset-backed securities, mortgage bonds and other investment-grade products in the structured finance market. MacKay, which is owned by insurer New York Life, launched the IQ MacKay Value Income ETF on May 31. As of Wednesday, the actively managed fund had $86…

(Bloomberg) — Final approval of exchange-traded funds tied to Ether, the world's second-most popular digital asset, could come this summer, Securities and Exchange Commission Chairman Gary Gensler told lawmakers. “Individual issuers are still working through the registration process which is running smoothly,” Gensler said during a hearing Thursday before a Senate Appropriations subcommittee. Connected: SEC…

By 2030, women will control most of the $30 trillion that is transferred from the baby boomers. Unfortunately, our industry has often dismissed the financial needs of female customers. Failure to adequately address the unique needs of this key demographic will have significant consequences for clients and financial advisors seeking to grow their businesses. Connected:…

(Bloomberg) — For James Bryant, balancing student loans with life and saving for retirement has been difficult. His employer, Verizon Communications Inc. offers a 401(k) match, worth up to 6% of his salary. But between loans, living expenses and money he sends to his parents, the 37-year-old hasn't always saved enough to get the full…