Wintrust Financial To Move Two Wealth Management Businesses To LPL's Institution Services Platform

RTTNews | 601 hari yang lalu
Wintrust Financial To Move Two Wealth Management Businesses To LPL's Institution Services Platform

(RTTNews) - LPL Financial Holdings Inc. (LPLA) and Wintrust Financial Corp. (WTFC) announced Friday an agreement to transition support of the wealth management business of Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC, and their approximately 85 advisors and approximately $16 billion of brokerage and advisory assets to the LPL Institution Services platform.

Wintrust Investments, LLC is a broker-dealer and registered investment advisor with $13 billion of brokerage and advisory assets that are expected to transfer to the LPL platform.

Great Lakes Advisors, LLC is an RIA with $17 billion in total advisory assets; $3 billion of its private client advisory assets are expected to transfer custody to the LPL platform.

The transition is expected to be completed in the first quarter of 2025, subject to receipt of regulatory approval and other conditions.

read more
U.S. Homebuilder Confidence Improves Much More Than Expected In October

U.S. Homebuilder Confidence Improves Much More Than Expected In October

A report released by the National Association of Home Builders on Thursday showed homebuilder confidence in the U.S. has improved by much more than anticipated in the month of October. The report said the NAHB/Wells Fargo Housing Market Index jumped to 37 in October after holding steady at 32 in September. Economists had expected the index to inch up to 33.
RTTNews | 1j 46min yang lalu
Philly Fed Index Plunges To Six-Month Low In October

Philly Fed Index Plunges To Six-Month Low In October

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial pullback by its reading on regional manufacturing activity in the month of October. The Philly Fed said its diffusion index for current general activity plummeted to a negative 12.8 in October after spiking to a positive 23.2 in September, with a negative reading indicating contraction.
RTTNews | 2j 28min yang lalu
Bay Street Looks Set To Extend Gains

Bay Street Looks Set To Extend Gains

Canadian stocks are likely to open higher on Thursday, tracking rising crude oil and bullion prices. Expectations of another rate cut by the Federal Reserve will also continue to aid sentiment.
RTTNews | 3j 9min yang lalu
CAC Rises After Government Survives No-confidence Votes

CAC Rises After Government Survives No-confidence Votes

French stocks are up in positive territory on Thursday, lifting the benchmark CAC 40 to an eight-month high, as the mood remains firm following the French government surviving no-confidence votes.
RTTNews | 4j 58min yang lalu
Sensex, Nifty Rally On Trade Talk Optimism

Sensex, Nifty Rally On Trade Talk Optimism

Indian shares rallied on Thursday after reports suggested that talks on a bilateral trade agreement between India and the United States have picked up pace.
RTTNews | 5j 27min yang lalu
Pound Rises On Upbeat UK GDP Data

Pound Rises On Upbeat UK GDP Data

The British pound strengthened against other major currencies in the European session on Thursday, after the UK economy expanded slightly as expected in August on the back of the production sector.
RTTNews | 5j 32min yang lalu