The agency alleged that from 2016 through last October, the company's BVAL failed to disclosed that valuations could be based on a single data input, rather than other methodologies it presented.
The advisors service a combined $275 million in client assets.
Plus First Rate, a Texas-based provider of wealth management technology, has acquired Finantech SpA, a Santiago, Chile-based reporting fintech.
YieldX’s technology will be integrated into FNZ’s existing product to enable advisors to scan the universe of fixed-income securities.
Founder Bob Cortright is stepping back in as global CEO of the digital custody and clearing firm upon the exit of Terry Angelos.
Other direct indexing products have avoided the fixed-income space because it has a different liquidity profile and requires going directly to dealers.
Can ChatGPT give good financial advice? InvestmentNews fed the algorithm questions to see how its AI stacks up.
The losses, which led to the bank's largest earnings miss in a decade, reflected a major slide in revenue from equity investments, Goldman said.
Plus Brad Weber gets Savvy, iCapital adds 100 to its tech team, and Richr launches an advisory service.
Sugarman and his partner, Jason Galanis, used the proceeds from the sale of tribal bonds to acquire foreign insurance companies.
