Latest news with #ConcurrentAssetManagement
Reuters
3 days ago
- Business
- Reuters
Sectors Up Close: AI 'could improve drugmaker revenues by 12%'
The healthcare sector has trailed behind other stocks this year, as drugmakers like Ozempic maker Novo Nordisk and Eli Lilly have found themselves in fierce competition with each other over the obesity drug market. Leah Bennett of Concurrent Asset Management told Reuters AI could shrink the cost of clinical trials and bring many more medicines onto the market - leading to a rush of M&A in the biotech sector.
Canada News.Net
26-06-2025
- Business
- Canada News.Net
U.S. stocks steady after momentous start to week
NEW YORK, New York, - U.S. stocks were split, but little moved Wednesday after a positive start to the week heralded by a two-day rally. On Wednesday it was business as usual as buyers and sellers appeared equally matched on both sides of the ledger. "There is a battle in the markets between some of the secular tailwinds, which should positively impact asset prices long term (AI, robotics, crypto, and many other technological innovations), and the cyclical headwinds of possible policy missteps," Leah Bennett, chief investment strategist at Concurrent Asset Management told CNBC Wednesday. "The former seems to be winning today." The Nasdaq Composite extended gains while the Dow and S&P 500 dipped slightly. Key U.S. Indexes Show Divergence The Standard and Poor's 500 closed flat at 6,092.16 in thin trading. The Dow Jones Industrial Average fell 106.59 points, or 0.25 percent, to 42,982.43, weighed down by losses in industrial and financial stocks. In contrast, the tech-heavy Nasdaq Composite climbed 0.31 percent to 19,973.55, buoyed by strength in megacap tech names. Trading volumes, excpt for the S&P 500, were robust, with the Nasdaq seeing 7.21 billion shares exchanged. Market Drivers Analysts noted that investors remained cautious ahead of key economic data, including Friday's U.S. jobs report, while still digesting the latest corporate earnings. The Nasdaq's resilience suggested continued appetite for growth stocks despite lingering interest rate uncertainty. Global Forex Markets Continue to see Weakness in US. Dollar on Wednesday The foreign exchange market witnessed further declines in the U.S. dollar in major currency pairs during Wednesday's trading session, as investors assessed the latest geopolitical developments, economic data and central bank expectations. The EUR/USD pair rose to 1.1660, marking an increase of 0.45 percent, as the euro strengthened against the U.S. dollar amid shifting market sentiment. Meanwhile, the USD/JPY edged higher to 145.16, up 0.19 percent, as the yen remained under pressure against the greenback due to interest rate differentials. The USD/CAD saw minimal movement, inching up just 0.01 percent to 1.3724, reflecting steady demand for the US dollar against its Canadian counterpart. The GBP/USD climbed 0.41 percent to 1.3668, as the British pound continued to meet demand. The pound now stands at a more than 3-year high, having advanced nearly 9 percent this year.. The USD/CHF dipped 0.11 percent to 0.8042, signaling slight weakness in the U.S. dollar against the Swiss franc. The AUD/USD advanced 0.36 percent to 0.6512, supported by improved risk appetite, while the NZD/USD led gains with a 0.58 percent rise to 0.6039, as the New Zealand dollar outperformed. Global Markets Close Mixed on Wednesday; Asia Outperforms While Canada, UK, Europe Decline Global stock markets delivered a mixed performance in Wednesday's session, with Asian indices leading gains while UK and European benchmarks faced broad declines. North of the U.S. border, the S&P/TSX Composite dropped 0.57 percent to 26,566.32, marking one of the day's weaker performances among major global benchmarks. The decline came as energy and materials stocks lagged amid softer commodity prices. UK and European Markets End Lower European equities struggled as investors weighed economic concerns and corporate earnings. The UK's FTSE 100 fell 0.46 percent to 8,718.75, while Germany's DAX dropped 0.61 percent to 23,498.33. France's CAC 40 declined 0.76 percent to 7,558.16, and the EURO STOXX 50 slid 0.85 percent to 5,252.01. Belgium's BEL 20 mirrored the trend, shedding 0.76 percent to 4,457.12. Asian Markets Rally In contrast, Asian indices posted strong gains. Hong Kong's Hang Seng Index surged 1.23 percent to 24,474.67, while Singapore's STI Index rose 0.56 percent to 3,925.98. India's S&P BSE SENSEX climbed 0.85 percent to 82,755.51, and Taiwan's TWSE Index jumped 1.09 percent to 22,430.61. Japan's Nikkei 225 edged up 0.39 percent to 38,942.07, and China's Shanghai Composite gained 1.04 percent to 3,455.97. South Korea's KOSPI rose 0.15 percent to 3,108.25, and Malaysia's KLSE gained 0.36 percent to 1,519.79. Mixed Moves in Pacific Regions Australia's S&P/ASX 200 inched up 0.04 percent to 8,559.20, while the broader All Ordinaries added 0.06 percent to 8,779.90. New Zealand's NZX 50 dipped slightly by 0.05 percent to 12,460.96. Israel's TA-125 led gains, soaring 1.71 percent to 2,973.48, while Egypt's EGX 30 surged 1.24 percent to 33,002.80. South Africa's Top 40, however, bucked the trend, falling 0.80 percent to 5,306.17.
Yahoo
23-04-2025
- Business
- Yahoo
Concurrent introduces WealthSelect investment platform
Concurrent Investment Advisors (Concurrent) has introduced WealthSelect, a new investment platform designed to enhance the capabilities of financial advisors. Developed by Concurrent Asset Management, this platform aims to streamline the creation of customised portfolios that meet the diverse needs of clients. WealthSelect addresses the complexities associated with wealth management by incorporating intuitive technology, institutional-grade investment strategies, and dedicated consulting services. The platform equips advisors with the tools necessary to deliver personalised investment solutions efficiently. The structure of WealthSelect is based on three core components. Firstly, WealthBlox offers a modular suite of investment building blocks, created in partnership with prominent global asset managers. This feature allows advisors to build and adjust portfolios in real time, ensuring alignment with client objectives, income requirements, risk profiles, tax implications, and market trends. Besides, the WealthCIO team provides consulting support for advisors, focusing on advanced investment needs such as concentrated stock strategies, tax optimisation, liquidity management, and access to private markets. Lastly, the platform includes integrated technology that facilitates portfolio construction, modelling, and reporting through a 'user-friendly' interface, the company said in a statement. This combination of a turnkey solution with the flexibility to implement bespoke strategies enhances the overall efficiency of the investment process. Concurrent Asset Management president Eddy Augsten said: 'This is more than just an investment tool—it's a complete platform designed for the modern advisor. 'We've always believed in putting advisors in control of the client experience, WealthSelect is a direct reflection of that belief, it's flexible, advisor-led, and built to adapt as client needs evolve and macroeconomic conditions change.' Concurrent has also announced the appointment of Leah Bennett as its chief investment strategist. Bennett brings over three decades of experience, having previously held senior roles at Westwood Wealth Management and The Capital Group. Recently, Concurrent Investment Advisors added six new teams of 17 advisors in the first quarter of this year. The new teams, including Crownmark Wealth Advisors, Cornerstone Private Wealth, Arky & Miller Financial Group, Center Street Wealth Management, Valenta Capital Management, and Tutelas Financial, collectively manage $2.01bn in assets. "Concurrent introduces WealthSelect investment platform" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
23-04-2025
- Business
- Yahoo
Concurrent introduces WealthSelect investment platform
Concurrent Investment Advisors (Concurrent) has introduced WealthSelect, a new investment platform designed to enhance the capabilities of financial advisors. Developed by Concurrent Asset Management, this platform aims to streamline the creation of customised portfolios that meet the diverse needs of clients. WealthSelect addresses the complexities associated with wealth management by incorporating intuitive technology, institutional-grade investment strategies, and dedicated consulting services. The platform equips advisors with the tools necessary to deliver personalised investment solutions efficiently. The structure of WealthSelect is based on three core components. Firstly, WealthBlox offers a modular suite of investment building blocks, created in partnership with prominent global asset managers. This feature allows advisors to build and adjust portfolios in real time, ensuring alignment with client objectives, income requirements, risk profiles, tax implications, and market trends. Besides, the WealthCIO team provides consulting support for advisors, focusing on advanced investment needs such as concentrated stock strategies, tax optimisation, liquidity management, and access to private markets. Lastly, the platform includes integrated technology that facilitates portfolio construction, modelling, and reporting through a 'user-friendly' interface, the company said in a statement. This combination of a turnkey solution with the flexibility to implement bespoke strategies enhances the overall efficiency of the investment process. Concurrent Asset Management president Eddy Augsten said: 'This is more than just an investment tool—it's a complete platform designed for the modern advisor. 'We've always believed in putting advisors in control of the client experience, WealthSelect is a direct reflection of that belief, it's flexible, advisor-led, and built to adapt as client needs evolve and macroeconomic conditions change.' Concurrent has also announced the appointment of Leah Bennett as its chief investment strategist. Bennett brings over three decades of experience, having previously held senior roles at Westwood Wealth Management and The Capital Group. Recently, Concurrent Investment Advisors added six new teams of 17 advisors in the first quarter of this year. The new teams, including Crownmark Wealth Advisors, Cornerstone Private Wealth, Arky & Miller Financial Group, Center Street Wealth Management, Valenta Capital Management, and Tutelas Financial, collectively manage $2.01bn in assets. "Concurrent introduces WealthSelect investment platform" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Concurrent Asset Management Launches WealthSelect: A New Platform Designed to Help Advisors Deliver Personalized, Scalable Investment Solutions
TAMPA, Fla., April 22, 2025--(BUSINESS WIRE)--Concurrent Investment Advisors, LLC ("Concurrent"), a multi-custodial hybrid RIA, today announced the launch of WealthSelect, a new investment platform developed by Concurrent Asset Management ("CAM") to help advisors build more tailored, efficient, and client-centric portfolios. Built to meet the growing complexity of wealth management, WealthSelect combines intuitive technology, institutional-grade strategies, and dedicated consulting support—giving advisors the tools and flexibility to deliver highly personalized investment solutions at scale. "This is more than just an investment tool—it's a complete platform designed for the modern advisor," said Eddy Augsten, President of Concurrent Asset Management. "We've always believed in putting advisors in control of the client experience, WealthSelect is a direct reflection of that belief, it's flexible, advisor-led, and built to adapt as client needs evolve and macroeconomic conditions change." The platform is built around three core components: WealthBlox – A modular suite of investment building blocks developed with an institutional framework together with leading global asset managers. WealthBlox lets advisors build and adjust portfolios in real time—aligning with client goals, income needs, risk tolerance, tax considerations, or broader market themes. WealthCIO – A hands-on consulting team that partners with advisors on advanced investment needs such as concentrated stock strategies, tax optimization, liquidity management, and private markets. Integrated Technology – A user-friendly interface that streamlines portfolio construction, modeling, and reporting. It offers the efficiency of a turnkey solution while supporting bespoke strategies. To support the rollout, Concurrent has expanded its investment leadership team, including the appointment of Leah R. Bennett as Chief Investment Strategist. Bennett brings over three decades of experience, with previous leadership roles at Westwood Wealth Management and The Capital Group. "We designed WealthSelect to give advisors what they need to compete at the highest level," said Bennett. "It's a platform that supports deeper client relationships, more efficient portfolio management, and truly customized investment strategies." About Concurrent Concurrent is a multi-custodial, hybrid registered investment adviser (RIA) created to give independent advisors all the resources they need to grow their businesses and adapt to the evolving financial needs of their clients. Headquartered in Tampa, Florida, Concurrent was established in 2017 by former advisors, business owners and industry leaders to cultivate a national network of independent providers of unbiased, fiduciary advice. Through a partnership with Merchant, Concurrent offers its advisors growth capital, full operational support, and opportunities to align through shared equity ownership. Independence and collaboration are central to Concurrent's ethos, as advisors maintain their autonomy and unique value while sharing best practices and best-in-breed technology, fueling their growth as entrepreneurs. To learn more about Concurrent, visit View source version on Contacts Media Gregory FCA on the behalf of Concurrentconcurrent@ Sign in to access your portfolio
