Waypoint REIT 1H26 slides: earnings rise 3.4% amid rate headwinds

Anti-money laundering requirements for ‘source of wealth’ checks are consuming up to 25% of conveyancing lawyers’ time, according to Peter Ambrose, owner of The Partnership and Legalito, who has identified this as a primary cause of property transaction delays. The checks, which differ from simpler ‘source of funds’ verification, require lawyers to scrutinise financial documentation…

F.L.Putnam, a Lynnfield, Mass.-based RIA with over $11 billion in assets under management, has secured a new minority investment from Bixby Wealth Solutions, an arm of Moontower Group. The RIA will continue to be run by the same leadership team, including CEO Tom Manning, who will also maintain majority ownership along with firm employees. Emigrant…

Gwyneth Paltrow has a response for critics of her dinner party for Sam Altman: more invitations. The Goop founder posted a series of spoof invitations to Instagram on Thursday, just days after Puck reported she was planning a “private, off-the-record al fresco dinner” at her home in honor of the OpenAI CEO. Puck had shared…

The Office of the Comptroller of the Currency’s charter-granting activity doesn’t just show that a new rash of financial services firms are successfully becoming banks or bank-like institutions. The applications, viewed collectively, also show what the 21st century financial sector thinks a bank charter should permit them to do. Over the 90 days ending Monday…