DJIA51966.03 -36.38
S&P 5007690.73 31.29
NASDAQ26430.89 290.85
Russell 20002728.30 6.93
German DAX25319.77 -302.84
FTSE 10010764.69 -117.21
CAC 407868.05 -88.65
EuroStoxx 506146.85 -56.70
Nikkei 22564916.70 -407.59
Hang Seng24186.83 124.11
Shanghai Comp3730.92 14.64
KOSPI5768.01 99.96
Bloomberg Comm IDX144.03 -0.39
WTI Crude-fut109.37 -0.32
Brent Crude-fut103.55 1.71
Natural Gas3.04 -0.08
Gasoline-fut3.19 -0.05
Gold-fut4157.10 -29.60
Silver-fut57.19 0.06
Platinum-fut1646.50 6.80
Palladium-fut1119.50 4.50
Copper-fut6.58 0.02
Aluminum-spot3195.00 0.00
Coffee-fut313.75 8.20
Soybeans-fut1253.00 -7.50
Wheat-fut656.00 -3.75
Bitcoin81952.66 275.20
Ethereum USD2401.74 -19.72
Litecoin59.65 0.08
Dogecoin0.08 0.00
EUR/USD1.1241 0.0026
USD/JPY158.02 -0.25
GBP/USD1.3326 0.0060
USD/CHF0.8248 -0.0048
USD IDX102.00 0.22
US 10-Yr TR5.144 0.046
GER 10-Yr TR3.4631 0.0094
JAP 10-Yr TR2.913 0.006
Fed Funds4 0
SOFR3.88 -0.01
Connect News Money news for every market and every facet, every day.
Connect Money Events Live and virtual events bringing together the best of information and networking.
Financial Industry Events Live industry events.
Connect Creative A full service marketing and PR agency.
Connect Awards View the A-list of money & submit nominations.
Connect Media Kit Advertise, Promote, Attend, Create – Work with Connect.
About Connect Meet the team behind the machine and taste a little of the secret sauce.
Connect News

Your source for clear, concise news of maximum importance to the financial services industry.

Connect Classroom

Offering on-demand online courses that provide continuing education credits for brokers, attorneys, appraisers and architects. Select from easily accessible video and written courses that cover a variety of CRE topics.

Find Your Course
High-rise commercial buildings

STAY INFORMED

News when you need it. All our Breaking News, right to your inbox.

Sub Markets

Topics

Financial Advisory  + Broker/Dealers  + RIAs & Financial Advisors  |  October 1, 2024
Arete Wealth Teams with Fintech Platform Luma
Joe Palmisano
By: Joe Palmisano

Arete Wealth Teams with Fintech Platform Luma

Arete Wealth, a full-service hybrid broker-dealer and registered investment advisor, announced a partnership with Luma Financial Technologies, an alternative investment platform.

Chicago-based Arete Wealth will leverage Luma’s fintech software to streamline the process of buying and managing structured products and annuities. The firm will also introduce e-applications through Luma’s platform aiming to expedite transactions and reduce administrative tasks.

“Our goal is to enhance access and transparency in the alternative investment space, empowering advisors with the tools necessary to better understand, objectively analyze, purchase, and manage products on behalf of their clients,” said Donald Pogan, chief product officer at Luma Financial Technologies.

Founded in 2018, Cincinnati, OH-based Luma initially served the structured product market and extended into the annuity industry in February 2021. The company has since developed additional tools for the platform, including its “Lifecyle Manager”, which provides advisors with the tools to monitor performance, risk, and exposure across their clients’ entire portfolios.

Connect

Inside The Story

Arete Wealth PartnersLuma Financial Technologies

About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
Order Reprints