Assets under management

CAG Advisor Network Prepares for $10B AUM Within the Next 5 Years

Retrieved on: 
Thursday, March 16, 2023
AUM, United, CAG, Howard Sapers, Growth, Assets under management, Financial adviser

CLEARWATER, Fla., March 16, 2023 /PRNewswire/ -- Csenge Advisory Group's (CAG) Advisor Network ended 2022 with $2.7B in Assets Under Management (AUM) and shows no signs of slowing down. 

Key Points: 
  • CLEARWATER, Fla., March 16, 2023 /PRNewswire/ -- Csenge Advisory Group's (CAG) Advisor Network ended 2022 with $2.7B in Assets Under Management (AUM) and shows no signs of slowing down.
  • This is in addition to several other firms joining the CAG Advisor Network since 2021 representing another ~$800M in AUM.
  • A full list of CAG Advisor Network members can be found on the Csenge Advisory Group website.
  • The goal is growth for the CAG Advisor Network and the advisors within the network," says Csenge.

Sunstone Properties Trust and Two Tree Capital Become Sunstone Two Tree

Retrieved on: 
Thursday, March 9, 2023
HNWI, Housing, Engineering, Acquisition, STT, Growth, Assets under management, Two Tree Island, BTR, Capital market, Sunstone, AUM, Senior, Property management, Commercial property

WESTLAKE VILLAGE, Calif., March 9, 2023 /PRNewswire/ -- Sunstone Properties Trust, LLC ("SPT"), an owner, operator, developer and fund manager focused on multifamily real estate assets, and Two Tree Capital, LLC ("Two Tree"), a developer and operator of single-family rental home communities, today announced that they have restructured their companies to become Sunstone Two Tree, LLC ("STT"). As a result of the restructuring, STT will become a vertically integrated real estate operator and developer with a diverse portfolio of rental housing communities in high growth markets across the United States.

Key Points: 
  • "Sunstone Properties Trust has long been committed to purchasing and improving multifamily communities for working class individuals and families across the country.
  • Two Tree Capital has built a dynamic team with deep expertise in the complementary and attractive build-to-rent (BTR) space.
  • The team includes:
    "Two Tree Capital is pleased to combine its efforts with Sunstone Properties Trust, which has vast experience in the multifamily sector with its principals having participated in $55 billion of transactions," said Scott Maddux.
  • "Sunstone brings an experienced team and operates in a complementary sector that expands the breadth of what Two Tree Capital has been doing.

Assets Under Management for Global Crypto Exchange-Traded Products Rise Slightly in February

Retrieved on: 
Thursday, March 9, 2023
Bitcoin, AG, ETC, ETP, Bitpanda, OTC, ETF, Mars 1, Cryptocurrency, USD, ETH, Binance, Morningstar, Inc., Exchange-traded product, FNQ, Assets under management, Trackinsight, Zorg, AUM, BTC, Research, CSE, Ethereum

Total crypto ETP AUM increased to $28 billion from $27.7 billion between Feb. 1 and Mar.

Key Points: 
  • Total crypto ETP AUM increased to $28 billion from $27.7 billion between Feb. 1 and Mar.
  • The overall value of cryptocurrencies remained over the $1 trillion mark, closing the month at $1.07 trillion, slightly up from $1.05 trillion in Jan.
  • The year-on-year data show a 37% decrease in the total crypto market cap compared to the $1.7 trillion total value observed on Mar.
  • "Following a successful rebound in January, ETPs AUM and underlying prices demonstrated stability throughout February," said Fineqia CEO Bundeep Singh Rangar.

Assets Under Management for Global Crypto Exchange-Traded Products Rise Slightly in February

Retrieved on: 
Thursday, March 9, 2023
Bitcoin, AG, ETC, ETP, Bitpanda, OTC, ETF, Mars 1, Cryptocurrency, USD, ETH, Binance, Morningstar, Inc., Exchange-traded product, FNQ, Assets under management, Trackinsight, Zorg, AUM, BTC, Research, CSE, Ethereum

Total crypto ETP AUM increased to $28 billion from $27.7 billion between Feb. 1 and Mar.

Key Points: 
  • Total crypto ETP AUM increased to $28 billion from $27.7 billion between Feb. 1 and Mar.
  • The overall value of cryptocurrencies remained over the $1 trillion mark, closing the month at $1.07 trillion, slightly up from $1.05 trillion in Jan.
  • The year-on-year data show a 37% decrease in the total crypto market cap compared to the $1.7 trillion total value observed on Mar.
  • "Following a successful rebound in January, ETPs AUM and underlying prices demonstrated stability throughout February," said Fineqia CEO Bundeep Singh Rangar.

Pelorus Equity Group Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Thursday, March 2, 2023
Benchmark, AUM, History of Federal Open Market Committee actions, Federal Open Market Committee, Acceleration, Growth, Quarter, Assets under management, ETF, Fund, Security (finance), Bank, Drug

NEWPORT BEACH, Calif., March 02, 2023 (GLOBE NEWSWIRE) -- Pelorus Equity Group (“Pelorus”), the leading provider of value-add bridge and fully stabilized commercial real estate loans for cannabis businesses and owners with cannabis-related real estate, announced its financial results for the fourth quarter 2022 (“Q4 2022”) and full year, ending December 31, 2022 (“FY 2021”). All financial information is provided in U.S. dollars unless otherwise indicated.

Key Points: 
  • One of the new originations was for a loan amount of $45.5M with TerrAscend, a publicly traded multistate operator (“MSO”).
  • The sponsor had spent $64M in cost basis developing the properties, and Pelorus lent $46M, for a combined 71% loan-to-cost ratio and 61% loan-to-value ratio.
  • The Pelorus Fund ended 2022 with $377M in loan commitments and $345M in AUM, marking 41.98% year-over-year growth.
  • The Pelorus Fund continues to have a robust pipeline of bridge, hybrid and fully stabilized transactions for 2023.

Lazard Asset Management Acquires Truvvo Partners, Creating Lazard Family Office Partners

Retrieved on: 
Wednesday, March 1, 2023
Finance, Banking, Accounting, Professional Services, Asset Management, Risk management, Acquisition, Lazard, AUM, Assets under management, LAM, Financial services

Lazard Asset Management (LAM) today announced that it has acquired Truvvo Partners (“Truvvo”), a U.S.-based firm with $3.8 billion of Assets Under Management (AUM), dedicated to providing strategic advice, wealth planning, and investment management to families.

Key Points: 
  • Lazard Asset Management (LAM) today announced that it has acquired Truvvo Partners (“Truvvo”), a U.S.-based firm with $3.8 billion of Assets Under Management (AUM), dedicated to providing strategic advice, wealth planning, and investment management to families.
  • Truvvo and LAM have formed Lazard Family Office Partners, which combined will manage approximately $8 billion in assets, including LAM’s existing U.S. private client business, and provide advice and investment solutions across public and private markets.
  • Lazard Family Office Partners will integrate investment management, risk management, and family office services into one offering to help meet the evolving needs of our clients.
  • Lazard Family Office Partners will provide solutions beyond investment management, including advice across wealth transfer, tax planning and philanthropy, as well as operational solutions, cash flow, and liquidity planning.

Arete Wealth Inc. Posts 2022 Revenue Growth of +19% Versus Market Declines of -20%

Retrieved on: 
Tuesday, February 28, 2023
Arete, Growth, FINRA, RIA, Face, Assets under management, Investment, Financial adviser

NASHVILLE, Tenn., Feb. 28, 2023 /PRNewswire/ -- Arete Wealth Inc., continues to deliver remarkably consistent year-over- year revenue growth – even  in the face of one of the worst years in the U.S. stock and bond markets. Arete's total revenue was up 19% year-over-year in stark contrast to the equity markets being down negative 20%.

Key Points: 
  • NASHVILLE, Tenn., Feb. 28, 2023 /PRNewswire/ -- Arete Wealth Inc., continues to deliver remarkably consistent year-over- year revenue growth – even  in the face of one of the worst years in the U.S. stock and bond markets.
  • Arete's total revenue was up 19% year-over-year in stark contrast to the equity markets being down negative 20%.
  • Arete's revenue closed in on the $100M mark ($98.8M) which CEO and Founder, Joshua D. Rogers, called, "a major milestone for our company to achieve in just 15 years from starting at zero."
  • Arete's 5-Year revenue growth rate ticked further up to 228%.

BVK Technology Launches OTC Courier Delivery Box Solution and Showcases Key-less Locks for Safes, Cabinets, Doors and Gates at MWC Barcelona

Retrieved on: 
Monday, February 27, 2023
Technology, Other Retail, Logistics, Supply Chain Management, Mobile, Wireless, Consumer, Commercial Building & Real Estate, Payments, Construction & Property, Retail, Other Transport, Trucking, Utilities, Security, Banking, Transport, Energy, Professional Services, Other Technology, Home Goods, Hardware, Other Consumer, Cloud, Carbon, Assets under management, Mobile World Congress, MWC, OTC, BVK, ATM, Address, Online shopping, Physical

The OTC delivery solution can be used by couriers and retailers or delivered as part of the company’s Fast and Locked courier service.

Key Points: 
  • The OTC delivery solution can be used by couriers and retailers or delivered as part of the company’s Fast and Locked courier service.
  • As consumer demand for online purchases and home deliveries increases, the requirement for fast, secure, personal and hygienic delivery grows.
  • With OTC delivery, the courier delivers the goods in a customised parcel, secured with a key-less Bluetooth lock.
  • “We are excited to hear positive feedback from retailers and couriers about how the OTC delivery box improves the last mile delivery consumer experience,” said Kursat Kurt, CEO & Founder, BVK Technology.

Hektar REIT Realised Net Income higher by 187% for FY2022

Retrieved on: 
Thursday, February 23, 2023
Marketing, United Nations Sustainable Development Group, Samsung, Carbon, RM10, NPI, Climate change, Senior management, Social, Corporate social responsibility, AUM, BHD, ESG, Sustainable Development Goals, 4Fingers Crispy Chicken, Incident management team, REIT, Vivo, Maintenance, NLA, Assets under management, Waste management, Net asset value, Biophysical environment, Silver, Management, FTSE Russell, The Edge (Malaysia), Water, COVID-19, Sustainability, Development, NAV, Real estate, Retail, Tourism, Forestry, Hectare

Hektar REIT registered a Net Property Income (NPI) of RM58.7 million, a significant increase of 24.8% compared to RM47 million in the preceding year.

Key Points: 
  • Hektar REIT registered a Net Property Income (NPI) of RM58.7 million, a significant increase of 24.8% compared to RM47 million in the preceding year.
  • Realised Net Income was RM36.4 million, a notable increase of 187% compared to the previous year.
  • There was also a notable increase in the fair value of the Hektar REIT Investment Portfolio of RM41.6 million.
  • - Hektar REIT was awarded two Silver awards at The Edge Malaysia ESG Awards 2022:
    -- Property & REIT Sector Award.

Global Crypto Based Exchange Traded Products AUM Increased 39% in Jan. as Crypto Markets Top $1 Trillion

Retrieved on: 
Monday, February 13, 2023
Bitcoin, Ethereum, OTC, ETP, AUM, Zorg, ETH, ETF, Exchange-traded product, Binance, BTC, Assets under management, Cryptocurrency, FNQ, Morningstar, Inc., Trackinsight, Research, CSE, AG, USD

The year-on-year data show a 37% decrease in the total crypto market cap compared to the $1.7 trillion total value observed on Feb.1, 2022.

Key Points: 
  • The year-on-year data show a 37% decrease in the total crypto market cap compared to the $1.7 trillion total value observed on Feb.1, 2022.
  • Total crypto ETP AUM increased to $27 billion from $20 billion between Jan.1 and Feb.1, according to Fineqia Research.
  • The ETPs include Exchange Traded Funds (ETFs) and Exchange Traded Notes (ETNs).
  • In the same period, the AUM of ETPs holding BTC increased 41% to $19 billion from $13.5 billion.