Venturi will adopt the Caprock name and platform. Credit: Funtap/ Shutterstock.com. Caprock has acquired Venturi Private Wealth, an independent wealth management firm based in Austin, Texas. Venturi was established in 2015 and serves entrepreneurs, corporate executives and multigenerational families in Austin and Oklahoma City. Access deeper industry intelligence Experience unmatched clarity with a single platform…
What’s a gift that has the potential to be worth more tomorrow than it is today? Stock. But before transferring shares to a family member or friend, it’s important to understand the tax rules. Who receives the gift determines whether it’s tax-free and how future gains are taxed. Here’s a look at the rules and…
Shares in PayPal Holdings (Nasdaq: PYPL) are skyrocketing in premarket trading this morning after a report that the legacy digital payments platform has received a joint buyout offer from one of today’s most successful fintech companies and a major private equity firm. Here’s what you need to know. What’s happened? Early this morning, Reuters reported…
For many people, their love of soccer — or football, as the rest of the world calls it — came from running around the neighborhood as a kid, kicking a ball into a makeshift net while excitedly yelling “goooooooal” with friends. That idea of community and neighborhood connectivity is baked into the newly opened Major…
🏆 New Building: The largest new building application filed last week was in the Bronx, where Bally’s Corporation filed plans as part of its successful bid for a casino project at 538 Hutchinson River Parkway at Ferry Point. The building will span about 3.1 million square feet and stand 19 stories tall, and the architect…
My family is a patron of culture and owns art, jewellery and traditional heirlooms. How can we preserve these assets across generations while balancing access, control and responsible monetization? —Name withheld on request A collection of paintings, sculptures, antiques, jewellery and other heirlooms carries with it a history of patronage and family legacy. While such…
Mortgage interest rates are lower today, after yesterday’s better-than-expected Consumer Price Index report showed that inflation fell in June. The average interest rate on a 30-year, fixed-rate mortgage ticked down to 6.45% APR, according to rates provided to NerdWallet by Zillow. This is eight basis points lower than yesterday but one basis point higher than…
For more than a decade, if you were to ask the technology futurists which industries would be most significantly disrupted by AI, tax, accounting and audit-related professions would have been at or near the top of the list. Those predictions were partially true. Processing Content AI is indeed changing the way tax professionals work in…
German government not stopping UniCredit's takeover of Commerzbank, Merz says
Key insight: As written, new capital standards for U.S. banks fail to account for the additional risk posed by many home loan clients who obtain second mortgages. Fixing the problem will significantly reduce the rule’s benefit to banks. What’s at stake: The new capital standards create incentives to move second liens off bank balance sheets…