DriveWealth lands $56.7m Series C funding round to bolster technology, support acquisition strategy

By NS Banking Staff Writer

28 Oct 20

DriveWealth, is a licensed carrying and self-clearing broker offering digital brokerage solutions to broker-dealers, advisors and online partners…

Banking ServicesWealth Management

Wells Fargo looks to sell asset management business

By NS Banking Staff Writer

23 Oct 20

The bank has reportedly held talks with asset management companies and private equity firms over a potential deal

Banking ServicesAsset Management

Magnum closes $30m financing round to advance AQUMON platform

By NS Banking Staff Writer

23 Oct 20

The company's Robo Advisor app AQUMON has shown more than 300% growth in key metrics amid the pandemic

Banking ServicesWealth Management

Deutsche Bank brings business banking operations under single platform

By NS Banking Staff Writer

16 Oct 20

The revamp comes in the wake of changing business models that are leading to a change in requirements…

Banking ServicesAsset ManagementBanking Technology

Bravura Solutions to acquire Delta Financial Systems for £23m

By NS Banking Staff Writer

13 Oct 20

The acquisition is expected to extend Bravura’s core offering and expand its ecosystem of products and services

Banking ServicesWealth ManagementBanking Technology

Morgan Stanley to acquire asset management firm Eaton Vance for $7bn

By NS Banking Staff Writer

09 Oct 20

The transaction is expected to combine Eaton Vance’s US retail distribution with MSIM’s international distribution

Banking ServicesAsset Management

Intesa Sanpaolo’s unit to acquire 69% stake in Switzerland’s REYL & Cie

By NS Banking Staff Writer

06 Oct 20

The deal will also see Intesa Sanpaolo’s Fideuram - ISP PB merge its Swiss bank subsidiary with REYL…

Banking ServicesWealth Management

Morgan Stanley closes acquisition of E*TRADE

By NS Banking Staff Writer

05 Oct 20

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management…

Banking ServicesWealth Management

First Mid Bancshares to merge with acquire LINCO Bancshares for $144m

By NS Banking Staff Writer

29 Sep 20

First Mid is expected to pay a consideration of around $144.9m, including $116.5m in cash, and 1,262,246 shares…

Banking ServicesWealth Management

Steward Partners expands into Pacific Northwest with acquisition of Umpqua Investments

By NS Banking Staff Writer

29 Sep 20

Steward Partners Global Advisory Group's acquisition adds $3.4bn in client assets and 23 advisors to partnership

Banking ServicesWealth Management