DJIA53414.25 -271.86

S&P 5007718.60 50.72

NASDAQ26506.99 -77.07

Russell 20002975.65 7.38

German DAX25908.78 69.45

FTSE 10010758.15 1.70

CAC 408260.12 -20.51

EuroStoxx 506362.05 -0.80

Nikkei 22565020.94 806.46

Hang Seng25188.00 -123.21

Shanghai Comp3942.09 0.70

KOSPI6687.21 107.73

Bloomberg Comm IDX142.74 -0.40

WTI Crude-fut91.98 0.33

Brent Crude-fut91.22 -0.36

Natural Gas2.94 0.01

Gasoline-fut3.20 0.05

Gold-fut4477.20 -43.10

Silver-fut66.82 -0.72

Platinum-fut1828.50 -0.60

Palladium-fut1400.00 -33.00

Copper-fut6.67 0.07

Aluminum-spot3195.00 0.00

Coffee-fut298.10 -11.35

Soybeans-fut1310.25 -4.25

Wheat-fut732.75 -19.50

Bitcoin79719.80 -1488.08

Ethereum USD2454.49 -40.92

Litecoin50.78 -0.58

Dogecoin0.08 0.00

EUR/USD1.1618 0.0017

USD/JPY155.46 -3.29

GBP/USD1.3533 0.0029

USD/CHF0.8076 -0.0060

USD IDX99.16 0.16

US 10-Yr TR4.782 0.02

GER 10-Yr TR3.3392 0.0009

UK 10-Yr TR5.1404 0.0038

JAP 10-Yr TR2.913 0.007

Fed Funds3.75 0

SOFR3.66 0.01

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

RIAs & Financial Advisors

iCapital Expands Reach with Citi Global Alternatives Acquisition

iCapital Expands Reach with Citi Global Alternatives Acquisition

By Joe Palmisano | May 19, 2025 iCapital is looking to broaden its client reach with the acquisition of Citi Global Alternatives, ...Read more

Lighthouse Life Offers $50M in Beacon Bonds with High Yields and CVR Benefits

Lighthouse Life Offers $50M in Beacon Bonds with High Yields and CVR Benefits

By Joe Palmisano | May 14, 2025 Lighthouse Life Capital, LLC, a vertically integrated provider of life insurance policies and relat...Read more

Jump Partners with Cetera to Integrate AI Meeting Assistant, Boosting Advisor Efficiency

Jump Partners with Cetera to Integrate AI Meeting Assistant, Boosting Advisor Efficiency

By Joe Palmisano | May 13, 2025 Jump, an AI solutions provider for financial advisors, has forged a strategic partnership with Cete...Read more

Jim Dickson’s Elevation Point Sell Minority Stake to Emigrant Partners

Jim Dickson’s Elevation Point Sells Minority Stake to Emigrant Partners

By Joe Palmisano | May 12, 2025 Elevation Point, a Minneapolis-based wealth management firm, announced a strategic minority investm...Read more

“As a fast-growing, multi-generational team with complex platform needs and a passion for delivering superior client experience, my partners and I were extremely thorough and deliberate when making the decision to launch our own firm,” said Burt. The firm serves high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, including athletes, entertainers, entrepreneurs, and executives. Its Institutional Consulting Division manages assets for insurance, corporate, government, nonprofit, and endowment clients, and offers a rare captive insurance business to other Sanctuary firms. 1280 Financial serves high-net-worth and ultra-high-net-worth clients, including athletes, entertainers, entrepreneurs, and executives. Its Institutional Consulting Division manages assets for insurance, corporate, government, nonprofit, and endowment clients and provides a unique captive insurance business to other Sanctuary firms. The addition follows Sanctuary’s recent recruitment of NewSpring Wealth Partners from UBS in February 2025 and Centel Wealth Advisory with $2.2 billion in September 2024, highlighting its appeal to top-tier advisors seeking independence. Based in Indianapolis, Sanctuary Wealth now supports over 120 partner firms across 30 states, managing roughly $50 billion in assets. In January, Sanctuary announced the addition of $700 million Hillguard Wealth Management as its latest global partner firm. Prior to that, the firm welcomed TOVA Wealth, a practice with over $400 million in client assets that broke away from Merrill Lynch Wealth Management to go independent. Kennedy Lewis Investment Management, a New York private credit manager, and Azimut Group, an Italian asset manager, both back the firm.

Sanctuary Welcomes $2B UBS Breakaway Team to Independence Model

By Joe Palmisano | May 12, 2025 Sanctuary Wealth has added 1280 Financial Partners, a $2 billion breakaway team from UBS, to its Pa...Read more

Great Hill Makes Minority Investment in Mission Wealth

Great Hill Makes Minority Investment in Mission Wealth

By Joe Palmisano | May 12, 2025 Mission Wealth has secured a minority investment from Great Hill Partners, a Boston-based private e...Read more

CAZ Investments Joins iCapital Marketplace with Sports Team Minority Stake Strategy

CAZ Investments Joins iCapital Marketplace with Sports Team Minority Stake Strategy

By Joe Palmisano | May 12, 2025 CAZ Investments has joined the iCapital Marketplace, offering its investment strategy centered on m...Read more

Vanguard Unveils Gen AI Tool to Enhance Advisor-Client Engagement

Vanguard Unveils Gen AI Tool to Enhance Advisor-Client Engagement

By Joe Palmisano | May 12, 2025 Vanguard has launched its first client-facing Generative AI (GenAI) capability, designed to provide...Read more

Summit Wealth Splits from Commonwealth, Establishes Independent RIA

Summit Wealth Splits from Commonwealth, Establishes Independent RIA

By Joe Palmisano | May 12, 2025 Summit Wealth Group, based in Colorado Springs, CO, has parted ways with Commonwealth Financial Net...Read more

LPL Expands Advisory Tech with New Financial Planning Tool

LPL Expands Advisory Tech with New Financial Planning Tool

By Joe Palmisano | May 12, 2025 LPL Financial announced the launch of WealthVision Essentials, a new financial planning tool powere...Read more