The independent-broker dealer reported net income of $339 million from January through the end of March, compared to $134 million in the same time frame last year. That performance resulted in earnings per share of $4.24 so far this year, up 159% from $1.64 per share in the first quarter of last yea...

More Americans would qualify as sophisticated investors who can participate in private markets under a package of bills that advanced in the House Wednesday. The House Financial Services Committee approved with almost unanimous bipartisan support three bills that would loosen rules related to the de...

Keystone National Properties, a sponsor of Delaware Statutory Trust (DST) offerings, and other tax-advantaged and impact-focused investments, has hired Zach Grabill as Real Estate Counsel. Grabill will leverage his 20 years of experience as an attorney to guide the firm’s real estate acquisitions....

Advisor Group, one of the nation’s largest independent wealth management firms, today announced it is moving its multi-brand network to a single, rebranded entity. The firm will unify the eight wealth management firms currently part of the Advisor Group network into one to reduce complexity fo...

JLL Income Property Trust, an institutionally-managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX) with approximately $7 billion in portfolio assets, announced today the acquisition of Louisville Logistics Center, a 1-million-square-foot, newly constructed Class A industrial property stra...

Ares Management has collected billions for a new private debt fund tailored to high-net-worth individuals, the latest sign that private asset managers are tapping into the vast retail market for fundraising. The Los Angeles-based firm launched a private business development company, which has lined ...

The company, formerly Strategic Capital, this week announced that its wireless infrastructure division, StratCap Wireless, has completed the acquisition of more than $35 million in data centers and cell towers. In California, StratCap acquired a purpose-built data center in Santa Clara that is 100 p...

An advisor team that oversaw $450 million in assets left Raymond James Financial to join LPL Financial’s Strategic Wealth Services program. Sheehan Wealth Partners is the 30th team to join SWS since LPL launched the program in 2020. SWS provides advisors with additional support in setting up and o...

FS Investments, a leading alternative asset manager with over $35 billion in assets under management, today announced that FS Credit Income Fund will increase its distribution for all share classes. This is effective with the payment of the quarterly distribution on April 3, 2023. FS Credit Income F...