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Registered investment advisor Evergreen Gavekal has partnered with Allocate, a private markets operating system for wealth advisory firms and fund managers, to provide investment vehicles.  Through the partnership, Allocate will provide private market solutions to expand client access to Evergreen’s technology and operational infrastructure.   Additionally, Allocate has been tapped as a partner to solve operational …

The Illinois Police Officers’ Pension Investment Fund is moving toward a final manager selection for a $450 million non-core real estate mandate, with TA Realty and 1 Seed Capital presenting as finalists to the board Tuesday. The $16.5 billion Peoria-based pension fund is working with consultant Albourne on the search and expects to make a …

Wellesley Hills Financial, a digital investment bank, which serves the lower- to upper-middle market, has launched an advisory practice.  The unit, named WHF Fintech & Payments Institute, provides services to fintech, payments, and B2B software companies.  The Institute team includes senior advisor O.B. Rawls, founding team lead Mark Bishopp, founder and managing member Adam Hark, …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

Kestra Financial has added a Texas-based wealth management firm, which manages over $550 million in total client assets.  Richardson, TX-based Ecclesiastes Wealth Partners, founded by Shannon Harris, provides financial planning, investment management, and wealth management services.  Ecclesiastes Wealth Partners also includes partners Sarah Walsh, Justin Snowden and Amy Bonzon, and includes five other support team …

Verdence Capital Advisors has acquired Harvest Investment Consultants, adding $564 million in assets under management as the private wealth and multifamily-office firm accelerates its expansion through mergers and acquisitions. Founded in 1987, Harvest provides portfolio management and financial planning to individuals and families. The Hunt Valley, Maryland-based firm’s entire team will join Verdence, including managing …

The Securities and Exchange Commission has proposed a package of rule changes aimed at widening individual investors’ access to private-market strategies through regulated investment vehicles.  The proposals are part of the SEC’s effort to promote what Chairman Paul Atkins called the “responsible retailization” of private markets. The agency said demand for private market investments is …

The Federal Reserve finalized changes intended to make its annual bank stress tests more transparent, publicly accountable and less likely to produce sharp year-to-year swings in capital requirements. The changes, largely consistent with proposals issued in 2025, affect the supervisory tests the Fed uses to assess whether large banks can maintain adequate capital and continue …

Registered investment advisor Evergreen Gavekal has partnered with Allocate, a private markets operating system for wealth advisory firms and fund managers, to provide investment vehicles.  Through the partnership, Allocate will provide private market solutions to expand client access to Evergreen’s technology and operational infrastructure.   Additionally, Allocate has been tapped as a partner to solve operational …

Kestra Financial has added a Texas-based wealth management firm, which manages over $550 million in total client assets.  Richardson, TX-based Ecclesiastes Wealth Partners, founded by Shannon Harris, provides financial planning, investment management, and wealth management services.  Ecclesiastes Wealth Partners also includes partners Sarah Walsh, Justin Snowden and Amy Bonzon, and includes five other support team …

Volato Group’s Alignment Engine subsidiary has signed two four-year, take-or-pay AI infrastructure orders totaling about $1.17 billion with an undisclosed large AI customer, providing the newly acquired platform with its first major contracted deployment. The agreements call for phased installation of dedicated, single-tenant GPU clusters at Alignment Engine’s planned Ohio AI infrastructure campus. The first …

The Depository Trust & Clearing Corporation, a post-trade market infrastructure provider, has made an undisclosed stake in fintech platform iCapital, to broaden its reach to private markets infrastructure.  Through the initiative, DTCC and iCapital have joined forces to reduce workflow hurdles to further help wealth advisors and asset managers gain access to both public and …

The Federal Reserve finalized changes intended to make its annual bank stress tests more transparent, publicly accountable and less likely to produce sharp year-to-year swings in capital requirements. The changes, largely consistent with proposals issued in 2025, affect the supervisory tests the Fed uses to assess whether large banks can maintain adequate capital and continue …

Securities and Exchange Commission staff urged fund managers, boards and auditors to apply greater rigor to the valuation and disclosure of private assets, with particular attention to private credit as registered funds expand their exposure to illiquid loans. SEC chief accountant Kurt Hohl and Brian Daly, director of the division of investment management, said private …

Bitwise Asset Management has brought its crypto model portfolios to Vise Technologies, Inc., making them available to wealth firms using a platform that serves more than 135,000 accounts and has over $140 billion in platform assets. The rollout gives advisors a way to include crypto exposure within a client’s broader portfolio of stocks, bonds and …

Tether and London-based Fasanara Capital have launched StableFund, an evergreen private credit vehicle backed by $400 million in sponsor co-investment and designed to raise as much as $3 billion from outside institutional investors. The fund will invest in short-duration, asset-backed credit opportunities sourced through Fasanara’s global fintech lending network. Its strategy will focus on financing …

Securities and Exchange Commission staff urged fund managers, boards and auditors to apply greater rigor to the valuation and disclosure of private assets, with particular attention to private credit as registered funds expand their exposure to illiquid loans. SEC chief accountant Kurt Hohl and Brian Daly, director of the division of investment management, said private …