Trader Talk

Trading software AdvisorPeak has introduced new functionality that will let independent financial advisors buy, trade and manage cryptocurrencies on behalf of clients alongside traditional portfolio holdings. Prime Trust, an API-based custody and clearing firm that specializes in digital assets, will provide custody services as well as payment processing, tax reporting, asset liquidity, transaction settlements and
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A former JPMorgan Chase executive who managed private client advisor teams with billions of dollars in client assets and led a diverse broker recruiting program has launched her own practice with Carson Group. Sixteen months after financial advisor Jacqueline Campbell left her prior firm to begin building Chicago-based Alexander Legacy Private Wealth Management, she selected
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Your bosses really care about you, right? A glimmer of light is finally emerging from some banks, with Barclays picking up the baton on being kinder to staff from Citigroup’s new boss Jane Fraser, who appears to believe that working smarter might be better than the work-til-you-drop culture that dominates Wall Street. Barclays says analysts
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Traders on the floor of the New York Stock Exchange Source: NYSE Earnings season starts with a rare confluence of bullish factors: stocks at new highs, economic reports exceeding expectations, the vaccine rollout accelerating, an uber-dovish Fed, higher tax fears diminishing, and most importantly, expectations that CEOs will provide far more guidance than they did
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Most of Envestnet’s technology caters to advisors serving the already-wealthy, but the firm’s latest acquisition provides new capabilities for firms working with investors who haven’t yet accumulated significant assets. The Chicago-based fintech giant and turnkey asset management provider has purchased Harvest Savings & Wealth Technologies, which builds technology to automate “micro-saving” and “micro-investing” at banks,
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What will advisors get paid this year? It’s a perennial question particularly from wirehouse advisors whose employers make annual tweaks to compensation. Last year, the coronavirus pandemic upended expectations, forcing some firms to postpone changes made to their 2020 comp plans — but it didn’t derail what industry insiders say are the long-term trends in
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