Assets under management

BOW RIVER CAPITAL FORMS PRIVATE CREDIT TEAM WITH VETERAN INVESTORS

Retrieved on: 
Tuesday, June 13, 2023
Amos, Yale University, Private equity, Marketing, Real assets, MBA, Georgetown University, Goldman Sachs, DeSimone, Lisp (programming language), Acquisition, Investment, University, Bain & Company, Assets under management, Business development, BS, BlueBay Asset Management, JD, Investment company, Private credit, Weil, Interim, Rodeo, Master of Accountancy, Goldman Sachs Capital Partners, Dartmouth College, Triple accreditation, Weil, Gotshal & Manges, Food, Tuck School of Business, Negotiation, Piper Sandler Companies, RTÉ Executive Board, Harvard Business School, Law, Financial services, Bank, Economics, Finance, Accounting, Telamon, Bow River

DENVER, June 13, 2023 /PRNewswire/ -- Bow River Capital, a Denver-based alternative asset manager, announced today that three executives have joined the firm, forming Bow River's new Private Credit Team. The firm also established a world-class Private Credit Investment Committee, drawing on the deep investment, portfolio management and governance experience across Bow River Capital's team, as well as the in-depth expertise of a senior advisor with extensive private credit experience.

Key Points: 
  • Mr. Muraidekh is Managing Director, Head of the Private Credit Team and Chair of Bow River's Private Credit Investment Committee.
  • He will be responsible for the strategic direction and initiatives of the Private Credit Team, including originating, structuring, and leading private credit investments across the capital structure, portfolio management, as well as team development.
  • Aaron Arnett, a veteran credit investor with more than 15 years of experience in private credit and equity investing, portfolio management and credit advisory.
  • Mr. Arnett is a Managing Director of the Private Credit Team and a member of the Private Credit Investment Committee.

New Global report reveals prosperous times are set to continue for Family Offices, despite an economic slowdown

Retrieved on: 
Tuesday, June 6, 2023
Professional Services, Small Business, Human Resources, Venture Capital, Asset Management, Consulting, Benchmark, Executive officer, Family, Agreus and Nomios, Assets under management, Growth, Family office, Social mobility, KPMG, Retail, Management

Agreus Group and KPMG Private Enterprise launched the 2023 Global Family Office Compensation Benchmark Report based on responses from more than 650 Family Office professionals worldwide.

Key Points: 
  • Agreus Group and KPMG Private Enterprise launched the 2023 Global Family Office Compensation Benchmark Report based on responses from more than 650 Family Office professionals worldwide.
  • The report presents an optimistic economic outlook for Family Offices based on data, opinions, and insights collated from over 1,500 Family Offices including qualitative interviews with Family Office Chief Executives from each continent – the one of the largest global Family Office data sets.
  • The report benchmarks salaries, career history, global Family Office demographics and shares key insights on emerging industry trends.
  • This includes over 1,500 Family Offices globally, 3,360 Family Office contacts (clients) and more than 7,800 registered Family Office candidates.

Worldwide Digital Asset Based Exchange Traded Products AUM Grew 59% Year-To-Date

Retrieved on: 
Wednesday, June 7, 2023
Bitcoin, Ethereum, ETP, ETF, CSE, ETH, Cryptocurrency, FNQ, Trackinsight, Exchange-traded product, AG, Binance, Assets under management, Ship, AUM, Morningstar, Inc., OTC, Growth, Zorg, BTC, Financial adviser, USD

The AUM increase was at a 37% premium to the underlying value of digital assets, which grew slower at 43% since the beginning of the year.

Key Points: 
  • The AUM increase was at a 37% premium to the underlying value of digital assets, which grew slower at 43% since the beginning of the year.
  • This can be attributed to the price rise of main digital assets that underpin ETPs such as Bitcoin and Ethereum vis-à-vis smaller alternative coins, as well as capital inflows into these listed products.
  • Ethereum (ETH) denominated ETPs grew 1.6% increase in AUM, however, reaching $7.6 billion on May 31, compared with $7.5 billion a month earlier.
  • ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).

Worldwide Digital Asset Based Exchange Traded Products AUM Grew 59% Year-To-Date

Retrieved on: 
Wednesday, June 7, 2023
Bitcoin, Ethereum, ETP, ETF, CSE, ETH, Cryptocurrency, FNQ, Trackinsight, Exchange-traded product, AG, Binance, Assets under management, Ship, AUM, Morningstar, Inc., OTC, Growth, Zorg, BTC, Financial adviser, USD

The AUM increase was at a 37% premium to the underlying value of digital assets, which grew slower at 43% since the beginning of the year.

Key Points: 
  • The AUM increase was at a 37% premium to the underlying value of digital assets, which grew slower at 43% since the beginning of the year.
  • This can be attributed to the price rise of main digital assets that underpin ETPs such as Bitcoin and Ethereum vis-à-vis smaller alternative coins, as well as capital inflows into these listed products.
  • Ethereum (ETH) denominated ETPs grew 1.6% increase in AUM, however, reaching $7.6 billion on May 31, compared with $7.5 billion a month earlier.
  • ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).

Golden State Awarded on the USA Today Best Financial Advisory Firms 2023 List

Retrieved on: 
Tuesday, May 30, 2023
RIA, COAST, Growth, Golden State, AUM, USA Today, Assets under management, Financial adviser

SOUTH COAST METRO, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Golden State has been awarded on the USA Today list of Best Financial Advisory Firms 2023.

Key Points: 
  • SOUTH COAST METRO, Calif., May 30, 2023 (GLOBE NEWSWIRE) -- Golden State has been awarded on the USA Today list of Best Financial Advisory Firms 2023.
  • This prestigious award is presented by USA Today and Statista Inc., the world-leading statistics portal and industry ranking provider.
  • USA Today and Statista selected Best Financial Advisory Firms 2023 based on based on two dimensions: recommendations by clients and peers and a firm’s growth of Assets Under Management (AUM).
  • Based on the results of the study, Golden State is ecstatic to be recognized on the USA Today list of Best Financial Advisory Firms 2023.

Phoenix Holdings Reports Results for the First Quarter of 2023

Retrieved on: 
Wednesday, May 31, 2023
Asset Management, Professional Services, Insurance, Finance, Holding, Epsilon, Tel Aviv Stock Exchange, Bank statement, Policy, The Group, Long-term care, Life, Pension, P&C, Multimedia, Assets under management, AUM, ETF, Acquisition, Investment, Health insurance, TASE, Distribution, Surf Life Saving New Zealand, Growth, NIS, The Phoenix Companies, Credit, ROE, Financial services, Cryptocurrency, Financial adviser, Bank, Reinsurance, Life insurance, Mobile phone, Management, Real estate, Phoenix

Phoenix Holdings Ltd., a leading Israel-based diversified financial, insurance, and investment group (TASE: PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the first quarter of 2023.

Key Points: 
  • Phoenix Holdings Ltd., a leading Israel-based diversified financial, insurance, and investment group (TASE: PHOE) (“Phoenix,” the “Group,” or the “Company”), today reported its results for the first quarter of 2023.
  • As of March 31, 2023, equity amounted to 10 billion NIS after distributing dividends of 177 million NIS with respects to 2022 profits.
  • The Phoenix Insurance Company Ltd. (“Phoenix Insurance”) published an updated Solvency ratio of 211% with transitional measures and 149% without transitional measures as of December 31, 2022.
  • The total pre-tax profit for Q1 2023 was 28 million NIS, compared to NIS 12 million in the corresponding period last year.

OneSeven Empowers Growth with Acquisition of TruClarity Wealth Advisors

Retrieved on: 
Wednesday, May 24, 2023
Personal Finance, Finance, Consulting, Professional Services, Asset Management, Partnership, RIA, ADV, Merchant, Assets under management, AUM, Acquisition, Growth, Entrepreneurship, Financial adviser

OneSeven , a trailblazing wealth management firm specializing in supporting advisors with life-changing opportunities, today announced the successful acquisition of TruClarity Wealth Advisors , a renowned registered investment adviser (RIA) managing over $690 million in Assets Under Management (AUM).

Key Points: 
  • OneSeven , a trailblazing wealth management firm specializing in supporting advisors with life-changing opportunities, today announced the successful acquisition of TruClarity Wealth Advisors , a renowned registered investment adviser (RIA) managing over $690 million in Assets Under Management (AUM).
  • The OneSeven Power Base offers advisors support with legal and compliance, finance, brand, practice development, technology, and advisor services.
  • By joining forces with OneSeven, TruClarity Wealth Advisors gains access to an expanded suite of services that can be provided to the newly onboarded advisors and team.
  • While the acquisition's financial terms were not disclosed, the synergy between OneSeven and TruClarity Wealth Advisors sets the stage for a promising future of growth, innovation and client-centric excellence in wealth management.

Smart Raises $95m in Series E Funding

Retrieved on: 
Monday, May 15, 2023
Technology, Human Resources, Finance, Fintech, Banking, Other Technology, Professional Services, Software, Internet, Partnership, Zurich Insurance Group, Workplace, Assets under management, AUM, Retirement, Chrysalis Investments, Financial Times, Natixis Investment Managers, Series, Growth, DWS, Smart Pension, Real-time, Barclays, Andrew Liveris, Bank, Financial adviser, Pension fund, Management, Aquiline, Keystone

The market-leading growth and profitability of its UK-based Smart Pension business is underpinned by the scalability of the Keystone platform.

Key Points: 
  • The market-leading growth and profitability of its UK-based Smart Pension business is underpinned by the scalability of the Keystone platform.
  • Smart has experienced a period of exceptional growth, with group revenue of £67m in 2022, a 65% increase on the previous year.
  • Smart today already has over £5.5 billion in Assets Under Management (AUM) on its platform and is expected to exceed £10bn by the end of June 2023 following this Series E funding.
  • Lazard acted as financial adviser to Smart in relation to the Series E funding round.

RFG Advisory Awarded on the USA Today Best Financial Advisory Firms 2023 List

Retrieved on: 
Wednesday, May 10, 2023
RIA, RFG, Adviser, Growth, AUM, USA Today, Assets under management, Financial adviser

BIRMINGHAM, Ala., May 10, 2023 /PRNewswire/ -- RFG Advisory , an innovative and fast-growing platform for independent Advisors, is pleased to announce it has been awarded on the USA Today list of Best Financial Advisory Firms 2023.

Key Points: 
  • BIRMINGHAM, Ala., May 10, 2023 /PRNewswire/ -- RFG Advisory , an innovative and fast-growing platform for independent Advisors, is pleased to announce it has been awarded on the USA Today list of Best Financial Advisory Firms 2023.
  • USA Today and Statista selected Best Financial Advisory Firms 2023 based on two dimensions: recommendations by clients and peers and a firm's growth of Assets Under Management (AUM).
  • RFG Advisory is ecstatic to be recognized on the USA Today list of Best Financial Advisory Firms 2023 based on both qualitative client and peer recommendations and quantitative growth data.
  • "We're absolutely thrilled and humbled to be named to this prestigious list of financial advisory firms," said Shannon Spotswood, President at RFG Advisory.

Abu Dhabi Expands its International Financial District Tenfold

Retrieved on: 
Monday, May 8, 2023
Workforce, Abu Dhabi Department of Education and Knowledge, Abu Dhabi Global Market, ABU, Assets under management, Government, AUM, Economic development, Management, United Arab Emirates, Al Reem Island

ABU DHABI, UAE, May 8, 2023 /PRNewswire/ -- Abu Dhabi is set to become one of the world's largest International Financial Districts following the issuance of UAE Cabinet Resolution No.

Key Points: 
  • ABU DHABI, UAE, May 8, 2023 /PRNewswire/ -- Abu Dhabi is set to become one of the world's largest International Financial Districts following the issuance of UAE Cabinet Resolution No.
  • 41 for 2023 to expand the jurisdiction of Abu Dhabi Global Market (ADGM) the international financial centre of the capital city of the United Arab Emirates, as part of its economic vision, which lists its thriving financial sector as one of the key focus areas for its diversification strategy.
  • The resolution expands ADGM's jurisdiction as a Financial Free Zone to Al Reem Island, adjacent to its current home of Al Maryah Island, following increased demand from a wide range of international companies choosing Abu Dhabi as a preferred destination to expand and grow their businesses globally.
  • "This expansion provides us with a unique opportunity for Abu Dhabi to reinforce its position as a world-leading international financial centre and a global destination of choice.