Latest news with #Abacus
Business Wire
15 hours ago
- Business
- Business Wire
Dynasty Financial Partners and Abacus Global Management Announce Minority Investment
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dynasty Financial Partners ('Dynasty'), a leading provider of technology-enabled wealth management solutions for independent financial advisors, today announced a minority investment in Abacus Global Management, Inc. ('Abacus') (NASDAQ: ABL), a leader in the alternative asset management space. In turn, Abacus has made a minority investment in Dynasty. Abacus is a member of the network of owners and operators of independent firms leveraging Dynasty's integrated technology, services, robust turnkey asset management program (TAMP), digital lead generation services, capital solutions, and investment bank. Currently, Dynasty has 57 Network Partner firms and over $105 billion in platform assets. Shirl Penney, Founder and Chief Executive Officer of Dynasty, said: 'Our investment in Abacus illustrates our confidence in their business model, the strength of their balance sheet, and the commitment of Jay and the team to continue building out their wealth business. We look forward to supporting their strategic growth in the years to come.' Dynasty offers firms the opportunity to sell a minority percentage of common equity to Dynasty without giving up control of their business, under friendly terms, including limited governance rights and a unique client repurchase right. 'We are proud to align our business with a proven platform like Dynasty,' said Jay Jackson, Chairman and Chief Executive Officer of Abacus. 'With the ongoing support, expertise, and partnership of Dynasty Financial Partners, our business has the firepower it needs to reach the next level.' About Dynasty Dynasty is a provider of technology-enabled wealth management solutions and business services for financial advisory firms primarily focused on serving high net worth and ultra-high net worth clients. Dynasty provides access to a comprehensive platform of software and technology tools, business services, and holistic investment management capabilities through an open-architecture platform delivered via a suite of proprietary and third-party technologies. Dynasty's technology, tools, and services provide advisory firms the supported independence to launch their business, scale their operations, and grow their firms — both organically and inorganically — while also allowing them to be more focused on and better equipped to serve their clients. For nearly a decade and a half, Dynasty has championed the benefits of independent wealth management for high net worth and ultra-high net worth clients and has contributed to the movement of assets from traditional brokerage channels to the independent channels of wealth management. A recognized industry leader, Dynasty has differentiated itself by developing competitive strengths, including a deep understanding of and strong relationship with its clients; a comprehensive offering of services and technology-enabled solutions; the ability to leverage its size and breadth to invest; the flexibility and seamlessness enabled by a modular technology solution; an entrepreneurial culture; and an experienced and committed management team. Dynasty is committed to continually growing its business by facilitating existing advisory firm clients' growth, onboarding new clients, increasing clients' use of its broader capabilities, launching additional solutions, and facilitating complementary acquisitions. About Abacus Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide. For more information, please visit
National Observer
2 days ago
- Business
- National Observer
Carney maintains positive approval rating despite the summer cooldown: poll
Prime Minister Mark Carney 's popularity may be cooling off in the summer but remains broadly positive, a new poll from Abacus Data suggests. The Carney-led Liberal government's approval rating dipped to 50 per cent in the firm's latest polling, down two percentage points compared to mid-July and the lowest level since March. With 48 per cent viewing Carney favourably and 19 per cent disapproving, the prime minister maintains a positive net approval. That figure is a couple percentage points lower than in Abacus's previous poll. Abacus CEO David Coletto said in a statement accompanying the new poll that Carney's drop in popularity could be tied to a lack of perceived progress on key domestic files and ongoing high-profile international negotiations. Canadians were surveyed in the week after US President Donald Trump levied new 35 per cent tariffs on Canada — seemingly a consequence of failing to secure a new trade deal by the Aug. 1 deadline. Conservative Leader Pierre Poilievre, who will attempt to regain a seat in the House of Commons in an Alberta byelection slated for Aug. 18, meanwhile broke even on his approval ratings. At 42 per cent positive and 41 per cent negative, Coletto said the results were Poilievre's "best net rating in months." Trump maintains a largely negative perception among Canadians at a net approval rating of -62. Despite a modest cooldown for the Liberals, political preference has been largely unchanged through the summer. The Abacus poll suggests that if an election were held today, the Liberals would secure 43 per cent of votes from decided voters and Conservatives would land 40 per cent. Those figures are unchanged from mid-July, while the remaining federal parties secured single-digit support from decided voters in the survey. "Support for the governing Liberals remains strong, vote intentions haven't moved, and the desire for change is static," Coletto said. "In short: no new movement, no new momentum." Coletto said that, for now, Canadians are separating frustration on key files from blame on the government, but that could change, particularly as domestic economic issues top voter concerns. Cost of living remains the dominant issue identified by 62 per cent of Canadians, up from 59 per cent in Abacus's previous poll. Dealing with the Trump administration was the second-place priority at 44 per cent, followed by the broader economy, housing affordability and health care to round out the top five. Abacus Data surveyed 1,686 Canadians from July 31 to Aug. 7. A comparable probability-based random sample of the same size would come with a margin error of +/- 2.4 per cent, 19 times out of 20. This report by The Canadian Press was first published Aug. 10, 2025.
Winnipeg Free Press
2 days ago
- Business
- Winnipeg Free Press
Carney maintains positive approval rating despite summer cooldown: poll
OTTAWA – A new poll suggests Prime Minister Mark Carney's popularity is cooling off in the summer, but still remains broadly positive. Abacus Data says the Carney-led Liberal government's approval dipped to 50 per cent in its latest polling, down two percentage points compared to mid-July and the lowest level since March. Canadians were surveyed in the week after U.S. President Donald Trump levied new 35 per cent tariffs on Canada — seemingly a consequence of failing to secure a new trade deal by the Aug. 1 deadline. Carney himself maintains a positive net approval rating despite a couple percentage points of mild cooling. Abacus CEO David Coletto says the drop in popularity could be tied to a lack of perceived progress on key domestic files and ongoing high-profile international negotiations. Despite a modest cooldown for the Liberals, the polling firm says political preference has been largely unchanged through the summer. This report by The Canadian Press was first published Aug. 10, 2025.
United News of India
19-07-2025
- Business
- United News of India
6th Indian Abacus Olympiad held
Chennai, July 19 (UNI) The sixth Indian Abacus Olympiad, a Math and Skill development Competition, was held at the sprawling Chennai Trade Centre at Nandambakkam in the city today. Students from Abacus centres different states of the country took part in this competition. A total of 2500 students had registered for their participation in the competition at different levels. The event comprised 6 batches of 480 students each who took part in the exam. Considering the 8 levels and 3 age groups, the event saw 24 Champions and 24 each of 1st Winner to 6th Winner. Around 25% of the students who participated got Near to Winner prizes based on the ranking they attained, along with gift items. Apart from all the participants will get the participants Certificate, Medal and consolation trophy, according to a press release. Indian Abacus Private Limited Chairman and Managing Director Dr N Basheer Ahamed said Dr S Shameem, Deputy Director, State Council of Educational Research and Tamil Nadu and Commissioner of Labour S A Raman were the chief guests for the inaugural and the valedictory respectively. The day long event concluded by honouring National level Champion of Champions for the year 2025, All India Best Franchisees, Well performing Franchisees and Well performing Abacus Tutors from different parts of the state. Dr Basheer Ahamed also announced that the Indian Abacus Pvt. Ltd. has been officially appointed as the WAAMA (World Association of Abacus and Mental Arithmetic, China), Council Member representing India. This recognition and appointment belong to every child who believed in the power of learning, to every parent and educator who supported our mission, and to every member of the Indian Abacus family, he said. "As we continue our journey, this honour strengthens our resolve to take Indian innovations to the global stage and to make India a leader in mental math education. "Thank you, WAAMA China, for this incredible recognition. And thank you, India, for trusting our vision, he added. UNI GV 1715
Business Wire
15-07-2025
- Business
- Business Wire
Abacus Group and Medicus IT Merge to Create a Leading IT MSP/MSSP Serving Highly Regulated Clients
NEW YORK--(BUSINESS WIRE)--Abacus Group and Medicus IT, two leading providers of IT managed services with deep subject matter expertise in the highly regulated industries of financial services and healthcare respectively, today announced that they have merged. The transaction brings together two complementary, expert-driven organizations under a shared strategic vision to form a market-leading managed services and cybersecurity platform (MSP/MSSP) tailored to the comprehensive demands of two highly regulated industry sectors. While digital transformation and technology enablement is essential across all industries, financial services and healthcare face distinctive, high-stakes regulatory requirements for security, privacy, compliance, data governance and user experience. This merger addresses those challenges head-on—delivering scale and innovation while preserving the deep industry expertise on which clients rely. 'This merger unites two purpose-built market leading companies with shared values, complementary capabilities, and a commitment to excellence in highly regulated and intensely demanding market sectors,' said Anthony J. D'Ambrosi, CEO of Abacus and incoming CEO of the combined company. 'We will maintain and strengthen dedicated financial services and healthcare business units to ensure clients continue to benefit from our industry specific experience and domain expertise. This merger also accelerates our ability to scale and expand our innovation investments, especially concerning the rapidly emerging AI race.' 'We are excited to bring together the leading financial services-focused and healthcare-focused MSPs to form a new compliance-centric, market-leading MSP platform,' said Jonathon Bunt, Partner at FFL Partners. 'By combining expertise and resources, Abacus and Medicus are uniquely positioned to deliver even greater value and exceptional outcomes to clients, employees and shareholders alike.' Strategic Highlights of the Merger: Integrated leadership team drawing from both companies to guide the next phase of growth Continued commitment to financial services and healthcare vertical industry subject matter expertise in these regulated markets—preserving client intimacy and sector-specific capabilities Operational synergies and leverage through shared services, enhanced global infrastructure, and unified client success management practices Expanded capacity to innovate in areas such as AI and Cybersecurity Broader client base and geographic reach The combined company will remain focused on delivering unmatched, compliance-oriented services which address healthcare laws like HIPAA and financial industry regulations under bodies such as the SEC and FCA. This commitment, along with operational reliability, pragmatic innovation and exceptional client experiences, remains a hallmark of both Abacus' and Medicus' reputations. About Abacus Group Abacus Group is a global managed IT and cybersecurity service provider specializing in the unique needs of the financial services industry. With deep expertise in multi-cloud, compliance and IT-as-a-Service solutions, Abacus Group enables firms to operate securely, efficiently, and at scale. The innovative and award-winning multi-cloud abacusFlex platform delivers all technology and security needs as a service, empowering clients to meet evolving cybersecurity, regulatory compliance, and infrastructure requirements. Abacus Group supports clients across global financial markets, with dual headquarters in New York and London. For more information, visit About Medicus IT Medicus IT is a specialized IT service provider focused on the healthcare industry, offering a range of solutions to help healthcare organizations optimize their operations, grow their processes, and transform their practices. They are known for their expertise in cybersecurity, cloud solutions, and managed IT services, particularly tailored to the needs of healthcare providers. About FFL Partners FFL Partners is a leading middle-market private equity firm that has been investing in high-quality companies since 1997. FFL is a hyperspecialized, thematic investor focused on targeted areas where the firm has deep expertise and broad networks – specifically healthcare and tech-enabled services. The firm aims to partner with exceptional management teams and employs a high-engagement approach to accelerate growth at its businesses. FFL currently has over $6 billion of cumulative capital commitments.
