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The July national average was also revised higher, from an initial +0.03% month-over-month gain to +0.1%. A sharp regional divide Regional results diverged in August. The Pacific region was the only one to post a monthly gain, at +0.1%, while the Northeast fell -0.02%, the Midwest -0.03%, and both the South and Mountain regions declined…
Robinhood’s acquisition of wealth management custodian TradePMR didn’t carry as big of a price tag as Vanguard’s deal to buy Altruist, but the industry may be watching it just as closely. Processing Content That’s because, after completing the roughly $300 million deal last year, TradePMR by Robinhood represents the union of a dominant self-directed investing…
Boston-based real estate investment trust BXP has acquired a pair of office buildings in Waltham, MA for a total of $30 million, according to county deed records cited by Banker & Tradesman. The two buildings are located at 860 and 870 Winter St. within the Bay Colony office park, west of Boston. The seller was…
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The $3 Trillion AI Footnote: What Big Tech Isn't Telling You On Page 1
Century City has long been one of Los Angeles’ most concentrated office districts, but Reuben Brothers is betting that the area’s next chapter will look far more residential, experiential and luxury-driven. At Century Plaza, the development firm is building up around the Fairmont Century Plaza hotel and Park Elm condominiums, layering in restaurants, galleries, expansive…
Mergers and acquisitions, market gains and advisor transitions alone no longer signal business strength and sustainability. For RIAs seeking a strong market position and high valuations, the focus increasingly centers on organic growth from new clients, net new assets and deepened relationships. This additional growth brings complexity and capacity challenges that can impede progress. Harold…
Bank of Canada rate hold keeps renewal pressure building Among those facing increases at renewal, roughly 75 percent hold five-year fixed-rate mortgages. Payment increases are expected to average around 20 percent. That gives brokers a concrete starting point in renewal conversations. Clients who locked in at historically low rates in 2021 and 2022 are renewing…
On Thursday, SoFi Technologies and Payward announced a strategic partnership designed to connect banking, payments, liquidity and digital asset markets. Under the partnership, Payward, the infrastructure platform behind Kraken, will join the SoFi Exchange Network and list SoFiUSD, SoFi’s bank-issued stablecoin, on its multi-asset trading platform. SoFi will also use Kraken Prime, Payward’s prime brokerage…
A close-up view shows corporate signage mounted on an exterior concrete wall at an Adobe office building in Lehi, Utah, United States, on August 26, 2026. Charles-McClintock Wilson | Nurphoto | Getty Images Adobe on Thursday named Anil Chakravarthy as its next CEO, succeeding Shantanu Narayen, who announced he would step down earlier this year….