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iCapital Buys Structured Notes Firm Axio Financial wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.
Robinhood under investigation by Finra ahead of IPO investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
Empower Buys Prudential Retirement Assets For $3.55B Empower Retirement s acquisition of Prudential s full-service retirement business is making it more competitive with Vanguard and Fidelity. In deal valued at $3.55 billion, Empower Retirement is buying Prudential Financial’s full-service retirement business, the firms announced on Wednesday. Prudential expects to receive total proceeds of approximately $2.8 billion from the deal. Empower, the second largest player in the retirement plan record-keeper space behind Fidelity, will receive Prudential’s defined contribution, defined benefit, non-qualified and rollover IRA businesses. Included in the transaction, which is subject to regulatory approval, will be Prudential’s full-service retirement recordkeeping business of more than 4,300 workplace savings plans consisting of approximately 4 million plan participants and $314 billion in assets. Empower Retirement will also be the new company home for the more ....
Vestwell Eyes Multi-Billion-Dollar Future After Landing $70M Investment Aaron Schumm s Vestwell is growing quickly, fueling Morgan Stanley s workplace ambitions and landing Connecticut s state auto-IRA. Recordkeeping-as-a-service firm Vestwell landed a $70 million Series C funding round that has founder and CEO Aaron Schumm describing “a very clear line of sight to be a multi-billion-dollar business in the very near future.” The investment round was co-led by Wells Fargo Strategic Capital and Fin Venture Capital, according to an announcement, with additional investments from sources including Goldman Sachs and Morgan Stanley as well as the venture arms of insurances firms that include Nationwide Ventures, Allianz Life Ventures and Northwestern Mutual. ....
Major Deals Landed by Envestnet, JPMorgan, InvestCloud & Broadridge wealthmanagement.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wealthmanagement.com Daily Mail and Mail on Sunday newspapers.