A long-running feud between the two heirs to the Ramones' estate has intensified, with a new lawsuit revealing that Joey's brother, Mitchell Hyman, is accusing Johnny's widow, Linda Cummings-Ramone, of violating federal trademark law by used Ramone's name. for her benefit. The feud between the two parties isn't without precedent — Johnny and Joey had…

Kashmiran AI-driven prospecting and lead generation platform for financial advisors, has raised $3.6 million in seed funding. The round was led by Canapi Ventures, with participation from Benchstrength, Plug and Play, The House Fund, Courtyard Ventures and several angel backers. Related: Finny and the Great Acceleration of AdvisorTech According to the announcement, Canapi Ventures will…

Retail investors who use index funds are more satisfied with their investment performance over the past 12 months than investors who use non-index funds, according to a new. FTSE Russell Wealth Survey. The survey found that 91% of index fund investors surveyed said they were satisfied with the returns they saw over the past 12…

A team of advisors managing $700 million in assets has joined LPL Financial from Bank of America Private Bank. Private Client Advisor John Duane and Portfolio Manager Gregory Giantsos are joining LPL's high net worth focused model, LPL Private Wealth Management. They have launched BrookBridge Private Wealth in Melville, NY The two joined in 2015…

(Bloomberg) — Wall Street traders may be embracing futuristic technologies this year, but an old-school bet on the economy is still thriving in the world of ETFs: industrials. The federal government is embarking on a long-term project to increase US self-sufficiency while also combating climate change, and US businesses are looking to strengthen domestic supply…

(Bloomberg) — Apollo Global Management Inc. co-president Scott Kleinman said the firm is selling about $1 billion a month in its so-called semi-liquid products as the alternative asset manager expands its offerings to wealthy individuals. The firm has 10 products that include credit, real assets, infrastructure and equity, he said on Tuesday Barclays Global Financial…

Morgan Stanley is asking a federal court to issue a restraining order against a former adviser who allegedly left for Raymond James just days after taking over the accounts of a recently retired representative. Morgan Stanley filed the lawsuit in Florida federal court against Corbin Hoffner, who until a few weeks ago was counsel in…

Some investment managers are exploring how to overcome obstacles such as limited liquidity in order to package private assets into ETFs. They are covered, call ETFs a good investment, barchart asks. These are among the investment must-reads we found this week for wealth advisors. Source link

Thanks to our roaming photo booth sponsor Over 600 members of the wealth management community packed the Ziegfeld Theater in Midtown Manhattan to attend the 10th anniversary WealthManagement.com The Industry Awards Gala, also known as the Rich, on September 5. Related: WealthManagement.com celebrates the best companies, leaders in the 2024 industry awards The black-tie event…

Last year, the average registered investment advisory firm saw no organic growth of only 5.7%according to a recent study by Ensemble Practice and BlackRock. Referrals from existing clients were the main source of leads coming to consulting firms, the study also found. But CEOs at some of the nation's largest VNRs say organic growth must…