Latest news with #wealth management
Bloomberg
6 days ago
- Business
- Bloomberg
HarbourVest Hires BlackRock Executive to Lead Wealth Business
HarbourVest Partners has hired an executive from BlackRock Inc. to boost its offerings for wealthy individuals, an area of increasing focus in the sector as some institutional investors pare their private equity holdings. Venu Krishnamurthy joined the Boston-based HarbourVest, which manages more than $147 billion, as head of global private wealth. He had served as a top executive for BlackRock's Aladdin technology system, where he oversaw the wealth management business.
Bloomberg
16-07-2025
- Business
- Bloomberg
Hong Kong Wealth, Fund Assets Hit $4.5 Trillion as Inflows Surge
Hong Kong's assets under management across its asset and wealth management industry rose 13% to HK$35.1 trillion ($4.5 trillion) as inflows surged last year, underscoring a recovery in the Asian financial hub. Net fund inflows jumped 81% to HK$705 billion across the industry in 2024, according to a survey conducted by the Securities and Futures Commission. In particular, inflows for the asset management and fund advisory business soared 571% to HK$321 billion.
Yahoo
12-07-2025
- Business
- Yahoo
Jim Cramer Recommends Buying Goldman Sachs
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks that Jim Cramer shed light on. The company was mentioned during the episode, as Cramer commented: 'Yeah… both (GS and COF) of these are buys … Why not buy Goldman Sachs? They're very much involved (in the booming IPO market), and it was down today.' A close-up of a financial advisor giving advice to a customer, demonstrating the importance of consumer and wealth management. Goldman Sachs (NYSE:GS) provides financial advisory, lending, and investment services across a range of asset classes, along with wealth management, private banking, and transaction banking solutions. While discussing the bank stock, Cramer mentioned the company during the July 2 episode and said: 'Goldman Sachs, which we own for the Charitable Trust… let's just say it's had a smaller dividend payout than its peers for a long time, but also just announced a major 33% dividend boost. Now, even after that, the stock only yields 2.23%, but that is no longer chintzy… Goldman trades at 2.22 times book value… Goldman Sachs, JPMorgan, and Morgan Stanley have the most valuable franchises… Morgan Stanley and Goldman are two tremendous investment banks… While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
10-07-2025
- Business
- Wall Street Journal
Private-Markets Tech Provider iCapital Raises $820 Million
An early mover in the effort to open up private markets to individuals is now reaping the benefits of the industry's push into the mainstream. iCapital, a provider of private-markets financial technology for wealth advisers, has raised more than $820 million in a deal that values it at more than $7.5 billion, the company said. It was last valued at about $6 billion in 2022, according to PitchBook.
