A recent survey by BNY's wealth management business said 62% of US family offices made at least six direct investments in a private company or private lending last year, with 71% planning to make the same number or more in 2024. Family offices still hold one of the largest segments of the market’s capital, and their numbers have tripled since 2019 resulting in total assets reaching an estimated $6 trillion. Thanks Dan Sanders from his InvestX Capital letter. #FamilyOffices #VentureCapital #PrivateCompany #DealFlow #DeployCapital #DryPowder2024
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“With the number of family offices tripling since 2019, and their total assets reaching an estimated $6 trillion or more, the flood of family office money into private companies could reshape private markets and the private equity industry,” according to a report by BNY Mellon Wealth Management, To stay ahead of the game, contact an RS&F advisor today: https://lnkd.in/eBmVBDXP 🙌 . . . #FamilyOfficeFriday #FinancialShift #FamilyWealth
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🔴 BNY Mellon Alcentra Global Multi-Strategy Credit Fund, Inc. announces its quarterly distribution along with special year-end distributions. #Finance #Investments #forex
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BNY Mellon High Yield Strategies Fund Declares Dividend https://lnkd.in/eYgexrsM BNY Mellon BNY #BNYMellon #HighYieldStrategiesFund #DividendDeclaration #InvestmentOpportunities #DividendInvesting #FinancialGrowth #IncomeInvestment #WealthManagement #StockMarket #InvestorNews #CapitalIncome #FinancialServices #InvestmentStrategy #MarketUpdates
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A remarkable shift in the financial advisory landscape! 🌟 A $1.9 billion advisor team has left Morgan Stanley to establish SpirePoint Private Client, partnering with Goldman Sachs Advisor Solutions for their custodial services. This move aims to enhance their investment, custody, and lending capabilities, leveraging Goldman's rich history and resources. 🌍 Having the right custodian is crucial for RIAs seeking robust investment platforms and intellectual capital. This transition not only marks SpirePoint's strategic growth but also highlights the importance of institutional support in today's dynamic market. 🔍 What are your thoughts on the impact of custodian partnerships on an RIA's success? Have you witnessed similar moves in your professional journey that have transformed client service experiences? Let's discuss! #FinancialAdvisors #RIA #CustodialServices #GoldmanSachs #InvestmentStrategy #ProfessionalGrowth
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Interesting chart from JPM on asset allocation at Family Offices. Not surprised to see alternatives taking a lion's share of the AA compared to a few years ago. Would be interesting to see a further breakdown of alternatives into sub-buckets, which is where you find a lot of variance on a case by case basis. #AssetAllocation #FamilyOffices
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Lisa Lewin, director for Prime Services at BNY Mellon’s Pershing, spoke on how alternative investments are becoming increasingly accessible through a range of sub-strategies and product structures designed to satisfy both advisers and ultra-high-net-worth investors. It's true that for a long time, alternatives have been the preserve of institutional investors and the super-wealthy. Currently, there is an estimated $1trillion invested in alternatives globally, with this figure set to rise. Talk to me about how my team and I are increasing growth, diversifying portfolios and accelerating investment objectives for our clients. #tax #investing #investments #financialadvice #alteratives #alternativeinvestments #familyoffice #growth #yeild #highyeildinvesting https://lnkd.in/dc9qynFy
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Vista Equity Partners is working with Evercore to help sell the fintech Finastra’s Treasury and Capital Markets business, Bloomberg reported. The private equity firm is in the early stages of weighing a sale of the TCM unit, which could fetch at least $2bn. The division generates about $200m in annual earnings before interest, taxes, depreciation and amortization. A final decision hasn’t been made and Vista could opt against a sale of the unit. #Fintech #PrivateEquity
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BNY Mellon High Yield Strategies Fund Declares Dividend https://lnkd.in/eYgexrsM BNY #BNYMellon #HighYieldStrategies #DividendDeclaration #InvestmentFunds #DividendIncome #FinanceNews #HighYieldInvesting #InvestorRelations #IncomeStrategy #MutualFunds #FinancialGrowth #InvestmentOpportunities #DividendInvesting #FundManagement #StockMarketNews #FinancialServices #WealthManagement #PersonalFinance #InvestmentStrategy #PortfolioManagement #FinanceUpdate #FinancialPlanning #EconomicGrowth #PassiveIncome
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A surge in demand for wealth management services made it one of the most lucrative on Wall Street. Amundi's Fannie Wurtz, Blackstone's Joan Solotar, Citi's Ida Liu, and Morgan Stanley's Elizabeth Dennis share where they see the biggest growth at #BBGWomenMoneyPower on 12/10. https://bloom.bg/4fyR6E4
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🏛️ SEC 🏛️ The Securities and Exchange Commission has fined 12 firms a combined $63.1m for record keeping violations. The firms and fines are: Blackstone: $12m KKR: $11m Charles Schwab: $10m Apollo Global Management, Inc.: $8.5m The Carlyle Group $8.5m; TPG Capital Advisors: $8.5m Santander US Capital Markets: $4m PJT Partners: $600,000 Read more here ➡️ https://lnkd.in/eyMBZrzH ✏️ William Johnson
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I help wealth managers and financial advisors to grow and scale their business and increase customer lifetime value with less effort, through AI-powered digital experiences. | Helicopter instructor and aviation nut
8moInteresting statistic, thanks Andrew Dude