wealth management

ICapital to Acquire Citi Global Alternatives and Collaborate With Citi Wealth
ICapital to Acquire Citi Global Alternatives and Collaborate With Citi Wealth
May 13, 2025  |  Acquisitions

Global FinTech platform iCapital said Tuesday (May 13) that it will acquire Citi’s indirect subsidiary, Citi Global Alternatives. Citi Global Alternatives is the adviser to...

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52% of Those Earning Over $100K Manage Finances on As-Needed Basis
52% of Those Earning Over $100K Manage Finances on As-Needed Basis
April 07, 2025  |  Consumer Insights

In recent years, the narrative of financial insecurity has predominantly centered on middle and lower-income groups. However, a subtle but significant shift is emerging among...

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Robinhood Offers Retail Investors Wealth Management Services
Robinhood Offers Retail Investors Wealth Management Services
March 27, 2025  |  Investments

Robinhood has launched a wealth management service targeting its less-wealthy clients. The financial services company on Thursday (March 27) unveiled “Robinhood Strategies,” a wealth management...

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RockFi Raises $19 Million to Expand Wealth Management Platform
RockFi Raises $19 Million to Expand Wealth Management Platform
March 24, 2025  |  Investments

Paris-based wealth management FinTech RockFi has raised $19 million in new funding. The company says its Series A round, announced Monday (March 24), will help it pursue its goal...

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Commerce Bancshares: ‘Full-Service Approach’ Drives Gains in Wealth Management Business
Commerce Bancshares: ‘Full-Service Approach’ Drives Gains in Wealth Management Business
January 22, 2025  |  Earnings

Commerce Bancshares grew its wealth management business in the fourth quarter after announcing new initiatives targeting that market. The Missouri-based regional bank holding company said...

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iCapital to Add ‘Reusable Financial Identity’ With Parallel Markets Acquisition
iCapital to Add ‘Reusable Financial Identity’ With Parallel Markets Acquisition
January 16, 2025  |  Acquisitions

FinTech company iCapital plans to enhance its alternative investment marketplace platform for the wealth and asset management industries by acquiring Parallel Markets. The company entered...

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Envestnet Finalizes $4.5 Billion Go-Private Deal With Bain Capital
Envestnet Finalizes $4.5 Billion Go-Private Deal With Bain Capital
November 25, 2024  |  Acquisitions

Wealth technology provider Envestnet has officially become a private company. The firm announced Monday (Nov. 25) that it had closed its acquisition by affiliates of...

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Binance Debuts Crypto Service for Wealth Managers
Binance Debuts Crypto Service for Wealth Managers
October 29, 2024  |  Cryptocurrency

Binance says it has become the first crypto exchange to offer a wealth management solution. Binance Wealth, announced Tuesday (Oct. 29), lets wealth managers oversee...

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BNY Clears Path for Cloud-Native Archer Acquisition
BNY Clears Path for Cloud-Native Archer Acquisition
October 11, 2024  |  Earnings

BNY is looking to add managed accounts and alternative and private market investment products as it looks to continue growing. This announcement came as the...

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