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

RTTNews | 598 ngày trước
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
Singapore Retains Monetary Policy As Expected

Singapore Retains Monetary Policy As Expected

Singapore's central bank maintained its monetary policy on Tuesday as economic growth turned out to be stronger than expected, easing concerns about the impact of higher US tariffs. The Monetary Authority of Singapore said it will maintain the prevailing rate of appreciation of the S$NEER policy band and there will be no change to its width and the level at which it is centered.
RTTNews | 44 phút trước
European Shares Seen Lower As US-China Trade Tensions Simmer

European Shares Seen Lower As US-China Trade Tensions Simmer

European stocks are seen opening a tad lower on Tuesday as investors ponder the status of trade talks between the two biggest economies and look ahead to key earnings releases from major U.S. banks for directional cues.
RTTNews | 1h 19phút trước
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and economic sentiment from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is seen unchanged at 4.7 percent in the three months to August.
RTTNews | 2h 9phút trước
Australian Market Modestly Higher In Mid-market

Australian Market Modestly Higher In Mid-market

The Australian stock market is back in the green in mid-market trading on Tuesday, after alternating across the unchanged line, reversing the losses in the previous two sessions, following the positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving near the 8,900 level, with gains in mining and energy stocks partially offset by weakness in financial and technology stocks.
RTTNews | 3h 25phút trước
Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, on renewed optimism over U.S.-China trade talks and optimism about further interest rate cuts amid the ongoing U.S. government shutdown along with the intensifying Russia-Ukraine war. Asian markets closed mostly lower on Monday.
RTTNews | 3h 41phút trước