Will worries about AI Doom end the AI Boom? BCA answers

Corient, the Miami-based registered investment advisor owned by the Mubadala Investment Company, has acquired Seven Bridges Advisors, a New York-based RIA with $4.9 billion in assets under management. Seven Bridges was founded in 2011 by Larry Cohen as a multi-family office and wealth manager. The firm has six partners, who will become partners of Corient…

For a worker paid by the shift, $200 arriving tomorrow can outweigh an annual income figure that looks healthy on paper. That’s an authentic test of financial health and the one PYMNTS CEO Karen Webster put to WorkWhile CEO Simon Khalaf in the latest Monday Conversation: what happens when the next paycheck isn’t guaranteed? The…

Key insight: Zerohash is attempting for the second time to get a national trust bank charter from federal regulators. Expert quote: “”These are the kinds of changes you’d expect from an applicant that went through the OCC’s additional information request and field investigation process and recalibrated. —FS Vector’s Evey Guo Forward look: The company anticipates…

The average UK landlord portfolio is now making almost £90,000 a year in gross rental income, according to analysis by property management firm Rushbrook. The figures show that the average landlord now owns more than seven properties worth a combined £1.7m. Rushbrook analysed the latest landlord portfolio data, examining portfolio size and value, buy-to-let mortgage…

Banks are re-entering the second-lien securitization market as rates keep rising, and that means nondepositories in the space will need to manage expenses and further diversify if they want to compete. Processing Content While nonbanks have helped rebuild a growing market for home equity line of credit products that banks had withdrawn from, that trend…

Orion recently announced several major milestones, including expanding its Denali AI platform with a third option to better help certain firms accelerate advice and drive growth. Every Orion product will include artificial intelligence features at no extra cost, with options that scale alongside each firm’s needs. The three Denali tiers include Powered by Denali (which…