Fidelity

The Gershman Group Partners with LPL's New PWM Platform

Retrieved on: 
Friday, March 22, 2024
Diamond, W2, CRM, Freedom, UBS, Merrill (company), LPL, PWM, Orion, Morgan Stanley, Fidelity, Mouth, AHC, Gershman, ACAT, Financial adviser

As financial advisors increasingly seek alternatives to traditional big bank/brokerage firms, we believe LPL's groundbreaking W2 PWM platform will change the future.

Key Points: 
  • As financial advisors increasingly seek alternatives to traditional big bank/brokerage firms, we believe LPL's groundbreaking W2 PWM platform will change the future.
  • Gershman says, "In my 35-year career, I've never witnessed a firm of this caliber enter the traditional W2 space with such vigor.
  • Gershman adds, "It's a lot easier to take a big independent platform and convert a division to w2 than the other way around."
  • Whereas the wealth management platform is massive, competing with all the majors, their leading-edge independent platform tools well exceed that of any major multi-national bank.

Betterment for Advisors Adds Mutual Funds to Custom Portfolios

Retrieved on: 
Thursday, March 21, 2024
Retirement, Adviser, PIMCO, T. Rowe Price, RIA, Fidelity, Vanguard, RIAS, ETF, Betterment, Financial adviser

NEW YORK, March 21, 2024 /PRNewswire/ -- Betterment, the largest independent digital financial advisor, today announced that Betterment for Advisors, its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time.

Key Points: 
  • NEW YORK, March 21, 2024 /PRNewswire/ -- Betterment, the largest independent digital financial advisor, today announced that Betterment for Advisors , its RIA custody division, is adding thousands of mutual funds to its custom portfolio construction menu for the first time.
  • "Betterment for Advisors is laser-focused on delivering a holistic platform that includes flexible portfolio options for RIAs across retirement and wealth," said Tom Moore, head of Betterment for Advisors.
  • "Adding mutual funds has long been advisors' top request, and we are thrilled to be able to offer this capability."
  • With this update financial advisors can now combine mutual funds and ETFs in their custom models on the Betterment for Advisors platform.

S&P Global Market Intelligence Ranks the Best-Performing U.S. Credit Unions, Community and Public Banks and Community Banks by Region for 2023

Retrieved on: 
Wednesday, March 20, 2024
International Bancshares Corporation, Savings bank, Eastman Credit Union, Central bank, Growth, Security State Bank, Southside (Virginia), EPS, S&P Global, Bank, Research, Public bank, Fidelity, Community Bank, Credit union, Cryptocurrency

NEW YORK, March 20, 2024  /PRNewswire/ -- S&P Global Market Intelligence today released its annual rankings for 2023's best-performing community banks with assets between $3 billion and $10 billion, community banks with assets below $3 billion, top-performing credit unions and top performing U.S. public banks with more than $10 billion in total assets. Additionally, S&P Global Market Intelligence announced the annual rankings of top performing community banks by region for the Northeast, South Central, Southeast, West, and Midwest.

Key Points: 
  • Additionally, S&P Global Market Intelligence announced the annual rankings of top performing community banks by region for the Northeast, South Central, Southeast, West, and Midwest.
  • S&P Global Market Intelligence ranks institutions based on returns, growth and funding but places a premium on the strength and risk profile of balance sheets.
  • The rankings were launched in 2011 to assess the performance of community banks and credit unions.
  • To access the full list of top performing U.S. public banks, community banks, credit unions and U.S. community banks by region for 2023, click here .

John Phillips Appointed Senior Strategic Advisor at FusionIQ

Retrieved on: 
Friday, March 15, 2024
Friction, Growth, Knowledge, Fidelity, RIAS, Fidelity Investments, API, Investment, Financial adviser

WOBURN, Mass., March 15, 2024 /PRNewswire/ -- FusionIQ, a leader in the delivery of cloud-native wealth management solutions with their all-in-one digital platform for financial advisors and institutions, today announced the appointment of John Phillips as Senior Strategic Advisor. With nearly three decades of experience in the financial services industry, Mr. Phillips brings a wealth of knowledge and expertise to his new role.

Key Points: 
  • WOBURN, Mass., March 15, 2024 /PRNewswire/ -- FusionIQ, a leader in the delivery of cloud-native wealth management solutions with their all-in-one digital platform for financial advisors and institutions, today announced the appointment of John Phillips as Senior Strategic Advisor.
  • "We're thrilled to welcome John Phillips to the FusionIQ team," said Mark Healy, CEO at FusionIQ.
  • "I'm delighted to join the team at FusionIQ," said John Phillips.
  • John Phillips' appointment is effective immediately, and he will begin his new role next week.

Bitcoin Sets Records Around The World; Enters "Super-Cycle" Phase

Retrieved on: 
Tuesday, March 12, 2024
Book, News, Fidelity, Grand supercycle, Multimedia, Cryptocurrency

NEW YORK, March 12, 2024 /PRNewswire/ -- The financial world is abuzz with the latest news in Bitcoin. In multiple countries, Bitcoin is setting new all-time highs this month, and in Bitcoin's largest market, the United States, Bitcoin just passed $70k USD, a new record. What does this mean? Is it too late for the average investor to take advantage of market conditions? Bitcoin University Founder explains where Bitcoin goes from here.

Key Points: 
  • Bitcoin Sets Records Around The World; Enters "Super-Cycle" Bitcoin University's Founder explains a Bitcoin "Supercycle"
    "Bitcoin has been the world's highest returning investment since its inception, in 2009, returning hundreds, if not thousands of percent ROI a year," says Evander Smart, Head Professor of Bitcoin University.
  • Now, without even completing Q1 of 2023, Bitcoin has quickly hurdled $72k, which means Bitcoin is already up over 70%.
  • Bitcoin is going to have a supply issue, as the largest investors absorbs much more Bitcoin than the protocol generates.
  • Download "The Book of Bitcoin", take The Bitcoin University Masterclass, which can get you started after just one video lesson, or use The Bitcoin Owner's Manual to discover all that a Bitcoin can do for you.

With bitcoin hitting new highs, it’ll likely reach the US$100,000 milestone before 2024 is out

Retrieved on: 
Wednesday, March 13, 2024
Bitcoin, Ethereum, Blockchain, Fidelity, Cryptocurrency, Education, Investment, Computer, Fidelity Investments, Solana, ETF, Miner, Security (finance)

Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing past the level of circa US$69,000 where it turned back during its last bull phase in late 2021.

Key Points: 
  • Bitcoin has just hit an all-time high of more than US$72,000 (£56,300), pushing past the level of circa US$69,000 where it turned back during its last bull phase in late 2021.
  • This can often be a time when cryptocurrencies get weaker, so it shows how strong they have been lately.
  • So what has contributed to this explosion in prices and where is the market going for the rest of 2024?

Bitcoin ETFs

  • A total of 11 bitcoin ETFs were approved in the US, and their daily trading volume has now exceeded US$10 billion – driven by frontrunners Blackrock and Fidelity Investments.
  • This demonstrates the large interest from traditional market participants, and as the spot ETFs become more mature, their providers will offer more promotional material and education to get more customers onboard.
  • The cryptocurrency market is always adapting and innovating, and one possible future innovation is the offer of option contracts on the new spot ETFs.
  • However, US regulator the Securities and Exchange Commission (SEC) has just postponed a decision on this innovation until late April.

The bitcoin halving

  • The last halving took place in May 2020, where miners went from receiving 12.5 bitcoin for each unit of work they do to 6.25 bitcoin.
  • Because each halving means less new bitcoin coming on to the market, they have coincided with strong price appreciation in the cryptocurrency.
  • One theory is that the institutions behind the spot ETFs are buying aggressively now because they know there will be less bitcoin on the open market once the halving takes place.

Ethereum prospects

  • Meanwhile, the crypto market could also be boosted by spot ETFs for the ethereum cryptocurrency system in the coming months.
  • While that uncertainty continues, ethereum could be boosted by the so-called Dencun upgrade (also known as Duncan or EIP-4844).
  • Ethereum has competition from other blockchains such as solana and avalanche due to its relatively slow transaction speed and high costs.

Where next

  • The market is very volatile, and often exceeds expectations when it goes up or down.
  • However, the majority of commentators expect crypto prices to keep rising over the coming months.


Andrew Urquhart owns some cryptocurrencies.

DMG Blockchain Solutions Announces Investment in Digital Asset Custody Solution

Retrieved on: 
Thursday, February 22, 2024
Crypto, DMG, Fidelity, FINTRAC, Meta Platforms, TC Energy, Alberta Securities Commission, State-owned enterprise, CAD, LLB, Head, Ethics, Marketing, Bank, MBA, CFE, CFA, CBV, Cloud computing, PLG, AML, MEM, GTM, Carbon, FATF, Meta, Trust, Bank of America, Insurance, TSX, Public sector, MLRO, CFP, Family, International (Amtrak train)

VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, announces it has committed CAD $3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 22, 2024 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB US: DMGGF) (FRANKFURT: 6AX) (“DMG”), a vertically integrated blockchain and data center technology company, announces it has committed CAD $3.5 million to establish a Calgary, Alberta based independent digital asset custody solution for institutional clients.
  • The capital commitment for this digital asset custody solution will be made over time and as required to support the regulatory review process.
  • Sheldon Bennett, CFE, MBA - CEO and Director of DMG Blockchain Solutions and Chair of Systemic Trust.
  • Most recently as Binance Canada’s Chief Technology Officer, he spearheaded the implementation and launch of its Crypto Trading Platform and digital asset custody service.

Nasdaq Private Market Adds Michael Buono and Phil Germann to Capital Markets Division

Retrieved on: 
Wednesday, February 21, 2024
Transfer, SAN, Nasdaq Private Market, Senior, Fidelity, Capital market, Pennsylvania State University, NPM, UBS, University, RIAS, Settlement, EquityZen, Security (finance)

NEW YORK and SAN FRANCISCO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Nasdaq Private Market (NPM) , a leading marketplace for the efficient trading of private company stock, announced today that it has hired Michael Buono and Phil Germann as Directors within its Capital Markets division.

Key Points: 
  • NEW YORK and SAN FRANCISCO, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Nasdaq Private Market (NPM) , a leading marketplace for the efficient trading of private company stock, announced today that it has hired Michael Buono and Phil Germann as Directors within its Capital Markets division.
  • They will both report into Sharif Khaleel, Managing Director and Head of Execution at Nasdaq Private Market.
  • At NPM, Mr. Buono and Mr. Germann will focus on sourcing transactions, business development, and product innovation.
  • “We are thrilled to welcome Michael and Phil to NPM,” commented Brett Mock, Senior Vice President and Head of Global Capital Markets at Nasdaq Private Market.

Mogo adds Bitcoin to its Treasury Management Strategy

Retrieved on: 
Thursday, March 7, 2024
Finance, Cryptocurrency, Banking, Professional Services, Fintech, TSX, Investment, Fidelity, BlackRock, Inc., Treasury

Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that its Board of Directors has approved a change to its treasury management strategy to include Bitcoin and Bitcoin ETFs and authorized an initial investment of up to $5.0 million.

Key Points: 
  • Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced that its Board of Directors has approved a change to its treasury management strategy to include Bitcoin and Bitcoin ETFs and authorized an initial investment of up to $5.0 million.
  • Today’s announcement, along with Mogo’s ~13% ownership in WonderFi, provide our shareholders with meaningful exposure to this asset class.”
    For the third quarter ended September 30, 2023, Mogo reported cash and total investments of $43.7 million.
  • This included combined cash and restricted cash of $19.3 million and investment portfolio of $24.5 million.
  • Mogo’s assets also include 87 million common shares (approximately 13% of the shares outstanding) of WonderFi Technologies Inc. (TSX: WNDR), one of the largest regulated crypto investing ecosystems in Canada.

Easterly Asset Management Appoints BlackRock’s Phil Juliano, Jr. as Head of Sales

Retrieved on: 
Wednesday, March 6, 2024
Asset Management, Professional Services, Finance, Fidelity, Growth, UBS, Index, Business development, State Street, Affiliation, BlackRock, IShares, FINRA, ETP, MSCI, Partnership, Financial adviser

Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment firms, announced the appointment of Phil (PJ) Juliano, Jr. as its Head of Sales.

Key Points: 
  • Easterly Asset Management (“Easterly”), a multi-affiliate platform for high-performing boutique investment firms, announced the appointment of Phil (PJ) Juliano, Jr. as its Head of Sales.
  • “Easterly is on a mission to connect all client types with comprehensive investment managers and solutions,” said Mr. Juliano.
  • Darrell Crate, Founder and Managing Principal of Easterly, said, “Phil brings unparalleled expertise in holistic value creation for investment managers.
  • He was an executive member of the iShares Institutional team setting sales strategy, business planning, talent management and budget.