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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 …

Goldman Sachs Alternatives’ evergreen European private credit strategy surpassed $10 billion in total assets as of August, the firm said, extending the growth of a vehicle launched in October 2023. The figure is broader than investor capital raised. Goldman Sachs says its measure includes leverage, the fair value of private and liquid credit investments, and …

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 …

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 …

Maridea Wealth Management has added two affiliated Ohio firms to its national platform, advancing a consolidation strategy that combines investment advice, financial planning, tax capabilities and insurance services under one organization. River Cities Financial Services Ltd. and Dietz, Futrell & Walters Insurance Inc., both based in Marietta, establish Maridea’s first presence in Ohio. Financial terms …

Executive Summary The Treasury market’s sharp September selloff is better understood as a repricing of real rates, policy expectations and the neutral rate than as a broad loss of confidence in long-run inflation control. The 10-year Treasury yield reached 5.xx% on Sept. 23, its highest level since 2007, while the five-year yield rose above 5% …

U.S. finance chiefs remain broadly optimistic about the economy, but the outlook is diverging by company size as smaller firms face greater difficulty covering costs and financing growth, according to a survey released Wednesday. The third-quarter CFO Survey, conducted by Duke University and the Federal Reserve Banks of Richmond and Atlanta, collected responses from 517 …

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 …

Concurrent Investment Advisors has added Houston-based Winstone Wealth Partners, continuing a recruiting push that has brought three former Raymond James practices to the independent advisory platform since May. Winstone manages more than $425 million and serves high-net-worth families through financial and retirement planning, investment management, risk management, estate planning and virtual family office services. The …

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 …

Global data center capital spending could reach $31.6 trillion from 2026 through 2050 as artificial intelligence drives demand for computing capacity, according to a PwC outlook. The report’s central finding is that the spending cycle would continue long after facilities are built. PwC commissioned Oxford Economics to model spending across 46 countries and territories. Slower …

Retirement savers are receptive to private market investments and artificial intelligence in workplace plans, but want clearer information and a say in how the tools are used, according to a new Invesco survey. Invesco and Ipsos surveyed 517 U.S. defined contribution plan participants employed by organizations with at least 1,000 workers. The findings gauge participants’ …

Executive Summary The Treasury market’s sharp September selloff is better understood as a repricing of real rates, policy expectations and the neutral rate than as a broad loss of confidence in long-run inflation control. The 10-year Treasury yield reached 5.xx% on Sept. 23, its highest level since 2007, while the five-year yield rose above 5% …

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 …

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 …

Cantor Fitzgerald has appointed Eugene Gorfin chief operating officer, giving the financial services firm a veteran bank executive to oversee core corporate functions as it continues to invest in its operating model and affiliated businesses. Gorfin will report to Chairman Brandon Lutnick, join Cantor Fitzgerald’s executive committee and oversee operations, human resources, marketing and communications, …