John Amos, an actor who starred in such television shows as Good times, The Mary Tyler Moore Show AND West Winghe is believed to have died of congestive heart failure, but his only daughter Shannon has her doubts. She has accused her brother of elder abuse, including isolating Amos from others, impersonating him in communications…

During a recent Retirement Plan Advisor RFP with an $80 million defined contribution plan, the main issues revolved around the service after their previous holder was bought out. Their current RPA was unable to help with the transition or provide the support needed afterwards and, as a result, they didn't even make the finals. Similarly,…

(Bloomberg) — Canadian mutual fund manager CI Financial Corp . plans to go private in a C$4.7 billion ($3.4 billion) deal backed by Mubadala Capital, one of the largest ever privatizations of an Abu Dhabi entity in the financial sector. Shareholders of Toronto-based CI will be offered C$32 per share in cash, a 33% premium…

WealthManagement.com's David Bodamer delves into the latest research released by Brookfield Oaktree Wealth Solutions with David Levi, managing partner and CEO of Brookfield's Global Client Group. During their conversation, they discuss Brookfield's strategic focus on making institutional-quality assets accessible to a broader investor base. David shares: Insights from recent Brookfield research on the use…

Arete Wealth, a broker/dealer and investment advisory firm based in Chicago, has added HudsonPoint Capital to its branch network. The HudsonPoint team, based in Jersey City, NJ, is joined by B. Riley Wealth Management. This follows recent news that B. Riley Financial to sell part of its wealth management business at Stifel Financial Corp. for…

Demand for climate funds, particularly those focused on climate solutions, clean energy and technology, is waning, according to a new report from Morningstar. While global climate funds experienced $345 billion in inflows over the past four years, these funds are on track for their first annual outflow in 2024. Outflows from these funds totaled nearly…

(Bloomberg Opinion) — The post-election stock market is already giving investors a wild ride. Huge individual stock selloffs, massive rallies and a dizzying array of market stories built on Wall Street's best efforts to read the mind of President-elect Donald Trump. Still, the S&P 500 is up about 3% since Election Day, but the numbers…

(Bloomberg) — Apollo Global Management and Citadel, giants in the active investing world, are both pointing to the dangers that exist as passive funds gain prominence. At Apollo, the view is that the hidden costs of passive investors include higher volatility and lower liquidity. Meanwhile, Ken Griffin's Citadel says regulators are underestimating the role of…

(Bloomberg) — One of the most divisive elections in recent U.S. history is prompting some Americans to consider moving overseas. Interest in the so-called golden dashes — which grant residency rights through real estate purchases or other investments — has surged since Donald Trump's victory earlier this month, according to industry consulting firms. Related: Americans…

Asset management and technology provider AssetMark announced an expanded collaboration with TIFFIN this week. TIFIN Sage is an advanced investment platform powered by AI, and by integrating it, Wealth Brand aims to provide its investment consultants with the ability to quickly gather customized client insights and, in turn, more efficiently build customized model portfolios for…