Latest News

Vancouver-based wealth management firm Harbourfront Wealth Group has landed an investment deal valued at C$1.775 billion with Boston-based private equity firm Berkshire Partners.  As part of the investment, Harbourfront’s existing investor, Audax Private Equity, which initially invested in the firm in 2022, will maintain a significant stake in the firm, Harbourfront said.  “Canada’s wealth management landscape is undergoing a fundamental shift toward independence, transparency, and advisor-led growth,” Dave Bordeau, …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …

Peachtree Group, an investment management firm, has partnered with Goldman Sachs Custody Solutions to expand its reach of alternative investment offerings to investors.  Through Goldman Sachs’ custody solutions platform, RIAs will gain access to Peachtree’s investment products, to provide high-net-worth and affluent clients with“streamlined” access to Peachtree’s real estate and credit products.  Additionally, Peachtree’s investment vehicles are accessible through alternative investment platforms, including iCapital, SEI …

Fenchurch Advisory Partners and Broadhaven Capital Partners have merged to create an international advisory firm focused exclusively on financial services, bolstering their reach across banking, insurance, wealth management and financial technology. The transaction pairs London-based Fenchurch, an investment banking advisory firm with offices in London, New York and Paris, with Broadhaven, a North American advisory …

Waverly Advisors has acquired the equity of a Pennsylvania-based trust firm, as the RIA aims to bolster its chartered trust service offerings.  Pittsburgh, PA-based Smithfield Trust Company manages about $3 billion in assets and provides wealth management services, including trust and estate administration, investment management, tax and charitable planning, and estate planning.  The money management firm, founded in 1996, is a 21-member team, led by CEO and president Elizabeth Poggi and chairman and CIO Timothy Rice.  As …

The U.S. Supreme Court ruled Monday that Federal Reserve Governor Lisa Cook may remain on the Federal Reserve Board of Governors while litigation over President Donald Trump’s attempt to remove her from office continues. In a 5-4 decision, the justices denied the administration’s request to immediately oust Cook from the Board following allegations of mortgage …

Financial executives grew slightly less optimistic about the U.S. economy during the second quarter as inflation, rising costs and geopolitical uncertainty weighed on business sentiment, according to the latest CFO Survey conducted by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Atlanta and Richmond. The survey found that chief financial officers …

Fenchurch Advisory Partners and Broadhaven Capital Partners have merged to create an international advisory firm focused exclusively on financial services, bolstering their reach across banking, insurance, wealth management and financial technology. The transaction pairs London-based Fenchurch, an investment banking advisory firm with offices in London, New York and Paris, with Broadhaven, a North American advisory …

FusionIQ has completed its acquisition of Marstone, creating a broader wealth technology platform that combines digital investing, financial planning and AI-powered advisory capabilities for banks, credit unions and wealth managers. Financial terms of the transaction were not disclosed. Founded in 2013 and headquartered in Providence, Rhode Island, Marstone built its business around goal-based investing, financial …

Sequoia Investment Management Company (SIMCo) and PIMCO have formed a strategic partnership to originate senior investment-grade infrastructure debt, seeking to capitalize on growing financing needs tied to energy transition, digitalization and modernization across developed economies. The partnership is expected to support a multi-year, multi-billion-dollar investment program focused on essential infrastructure assets and projects across sectors …

CIM Group’s Permanent Power Company has closed approximately $600 million in construction financing to move forward with Grape, a large-scale solar and battery storage project situated inside one of the largest permitted solar parks in the United States. The financing package comprises three tranches: a $372.3 million construction-to-term loan, a $166.7 million tax credit transfer …

The U.S. Supreme Court ruled Monday that Federal Reserve Governor Lisa Cook may remain on the Federal Reserve Board of Governors while litigation over President Donald Trump’s attempt to remove her from office continues. In a 5-4 decision, the justices denied the administration’s request to immediately oust Cook from the Board following allegations of mortgage …

Geopolitical uncertainty is increasingly influencing how institutional investors allocate capital to private markets, even as they remain committed to the asset class and seek new ways to generate liquidity, according to the latest Coller Capital Global Private Capital Barometer. Just over a third of respondents (37%) say the geopolitical environment is influencing their private markets …

Figure Technology Solutions is making a bold move to expand its blockchain-based capital markets platform, announcing a $717 million agreement to acquire Kiavi, an AI-powered lending platform serving residential real estate investors. The deal includes a joint venture with Sixth Street to purchase loans off Kiavi’s balance sheet. Kiavi has spent 13 years building a …

Moomoo is expanding its cryptocurrency trading business into Texas while introducing a new feature that allows U.S. users to transfer digital assets directly between external wallets and their platform accounts. The global investment and trading platform said Texas-based investors can now trade 52 cryptocurrencies through Moomoo Crypto with zero commissions and transaction fees as low …

Galaxy Digital has made a strategic investment in Digital Prime Technologies, the institutional digital asset technology firm behind Tokenet, a lending platform developed in partnership with EquiLend. The investment extends an existing relationship: Galaxy participated as a launch client when Tokenet went live in May 2026. Tokenet applies securities lending workflows, risk controls, and lifecycle …