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Raymond James has rolled out its Private Wealth Guided Portfolios, which combine alternative and traditional investments into diversified portfolios for financial advisors, who serve high-net-worth and ultra-high-net-worth clients.  Through its new offering, advisors will gain broader exposure to private markets and strategies alongside traditional equity and fixed income investments.  Additionally, the Private Wealth Advisor program …

Private equity firm Princeton Equity Group, has raised $1.3 billion in the first and final round for its Princeton Equity Partners III, which will go towards investing in franchisor and multi-location businesses.  The fund, which was oversubscribed in close to two months, was more than twice the size of its predecessor fund, the Princeton Equity Partners …

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 …

Raymond James has rolled out its Private Wealth Guided Portfolios, which combine alternative and traditional investments into diversified portfolios for financial advisors, who serve high-net-worth and ultra-high-net-worth clients.  Through its new offering, advisors will gain broader exposure to private markets and strategies alongside traditional equity and fixed income investments.  Additionally, the Private Wealth Advisor program …

Direct indexing has moved from a niche offering for the ultra-wealthy to an increasingly mainstream tool in advisors’ portfolios. But as access to the strategy becomes commoditized, the real differentiator for advisors is shifting: it’s no longer about who can offer direct indexing, but who can make it meaningful and understandable for the right clients. …

North American institutional investors are turning toward domestic private market investments and infrastructure as persistent inflation, geopolitical uncertainty and energy security concerns reshape portfolio strategy, according to a survey by IFM Investors. Sixty-seven percent of North American respondents said they prefer private-market opportunities in the United States and Canada, while 63% identified inflation among the …

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 …

North American institutional investors are turning toward domestic private market investments and infrastructure as persistent inflation, geopolitical uncertainty and energy security concerns reshape portfolio strategy, according to a survey by IFM Investors. Sixty-seven percent of North American respondents said they prefer private-market opportunities in the United States and Canada, while 63% identified inflation among the …

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 …

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 …

Asset manager BlackRock is planning to add Exchange-Traded Fund share classes on five active mutual funds, according to filings with the U.S. Securities and Exchange Commission.  The five strategies that would offer ETF share classes include the $26.2 billion BlackRock High Yield Portfolio, $3.2 billion BlackRock Strategic Municipal Opportunities, $2.3 billion BlackRock California Municipal Opportunities, …