KEEP UP TO DATE WITH THE LEADING NEWS.
Millions of wealth managers are racing to lock down next-gen financial advisers
Among the biggest stories in wealth management today is the industry’s plans around its financial adviser talent.
Around one-third of the industry will retire within the next decade, says industry research firm Cerulli Associates. Meanwhile, traditional wealth managers are dealing with how to better attract and keep younger people through their rigorous adviser training programs.MORE >>>
“We are currently looking into various scenarios and aid measures for the economy,” said a German economy minister on possible fiscal stimulus moves.
Goldman makes further investment in no-code software firm Unqork
Unqork, a no-code application platform used by big name financial services firms has topped up its Series B funding round with an additional $51 million from, among others, Goldman Sachs. The additional money brings Unqork’s Series B round to $131 million.MORE >>>
Events on Our Radar
Interest Rate Reform Conference (A Quant Perspective)
WEDNESDAY 4th – FRIDAY 6th MARCH
The current global reform of interest rate benchmarks is radically changing the scenario, adding more and more interest rates, with important consequences for pricing and risk management of financial instruments.
This conference will explore the current challenges facing Interest Rate Reform from a quant perspective.
How Schwab Plans to Sweeten the Deal for Small RIAs After TD Ameritrade Merger
Rather than using its own custodial platform as the starting point for a new integrated custodial platform, Schwab is looking to create a platform that could take parts from TD Ameritrade’s platform as well to retain small RIAs who custody with TD A.MORE >>>
Credit Suisse unit buys NorthPoint technology
Credit Suisse Asset Management’s fintech growth equity unit has acquired the investment management software and services business NorthPoint Technology. Financial terms were not disclosed. The bank’s Next Investors group bought NorthPoint’s product suite and technology consulting practice from ACA Compliance Group, which has owned the business since 2014.MORE >>>
“Our reduced forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for U.S. exporters, supply chain disruption, a slowdown in U.S. economic activity, and elevated uncertainty,” said David Kostin of Goldman
Deutsche Bank research indicates robo-advisors could manage €25-35bn in 2025 Germany
Thanks to the fintech advancements, the established financial advisory services might gradually change in Germany, according to the researchers. At present, there are several digital platforms, or in short, robo-advisors, that offer online advisory services to retail clients. After mergers and acquisitions, the number of robo-advisors in Germany stood at around 25 in 2019.MORE >>>