Sponsored by With the rise of millennials and Gen Z in the financial industry, the traditional “door-knocking” approach to reaching investors is outdated. This shift away from traditional service tactics presents opportunities for the industry to connect with a new generation of customers in more meaningful ways. Axtella's network of firms – including their independent…

(Bloomberg) — Envestnet Inc., a provider of wealth management software, is attracting buyout interest from buyers including Advent International and GTCR, according to people familiar with the matter. Private equity firms are among suitors who have expressed interest in a deal, said the people, who asked not to be identified discussing confidential information. Berwyn, Pennsylvania-based…

(Bloomberg) — Many in the crypto market believe a key change has been made in some applications to propose Spot Ether Exchange Traded Funds it will be good for the Ethereum blockchain, putting the future ETF products themselves at a disadvantage. Issuers including Fidelity Investments and Ark Investment Management have scrapped plans to “put shares”…

When it comes to charitable giving, I'm pleased to say that the pace of change has accelerated. And that's one thing in life that I don't mind if it keeps growing. It took me the first three decades of my career to help raise $1 billion in charitable giving. But I've done almost as much…

The Securities and Exchange Commission has approved exchange applications to list and trade eight Ethereum ETFs, in an important step toward receiving spot funding for the second-largest cryptocurrency in the market. The Commission approved proposals by NYSE Arca, Nasdaq and Cboe BZX Exchange to list and trade the shares of Grayscale Ethereum Trust, Bitwise Ethereum…

Now more than ever, with political divides wider than they've been in decades and an election year in full swing, philanthropists are looking for ways to make an impact on issues they care deeply about — including advocacy . And for good reason – the ROI of a dollar invested in policy and civic engagement…

Alternative investment platform iCapital has started using blockchain for the first time for a private fund distributed by UBS Wealth Management and managed by Gen II. The firm's distributed ledger technology will process all activities related to the fund's lifecycle, including subscriptions, reporting and liquidity events. iCapital has been working on integrating blockchain technology for…

Financial advisors' sentiments about the stock market and the economy fell in April. The health of the economy fell nine points from last month, while advisers' confidence in the stock market fell to 103, from 110 in March. A response of 100 equals a neutral view. Connected: Advisor Sentiment Index: Advisors predict further gains in…

Capital Group, the parent company of American Funds, and private equity firm KKR plan to jointly launch two public-private fixed income investment products next year. The products, the first in what Capital Group and KKR expect to be a series of public-private hybrid investments, will be 60% public and 40% private. In the future, products…

Savvy Advisors, a New York City-based RIA that uses a technology platform built by fintech parent firm Savvy Wealth, has recruited four wealth managers with a total of $170 million in client assets. The additions bring Savvy to over $400 million in total assets and 20 advisors. Chase Austin, based in the Charlotte, NC area,…