&Partners, a St. Louis-based hybrid broker/dealer launched by David Kowach, the former president and CEO of Wells Fargo Advisors, has added an eight-person team in Saratoga Springs, N.Y. with $864 million in pre-hire assets under management. Foothills Legacy Wealth Management has joined from Wells Fargo Advisors. The firm is led by co-founders Andrew Cook and…
Dive Brief: Grayscale Investments Sponsors has named two current finance executives to temporarily take its finance reins after long-time CFO Edward McGee stepped down, the company said in a recent securities filing. McGee, who has been the crypto asset manager’s finance chief since 2019, left the company on July 2 for personal reasons, according to a…
There were 728 new ETFs listed in the U.S. in the first half of 2026, and CFRA has identified five of them as notable launches (see Table 1). We screened the new launches and identified those that have rapidly gathered assets or innovated in growing ETF categories. These products are representative of the rapid and…
The PCAOB launched a firm consultation process intended to provide more timely and consistent guidance regarding the application of existing standards and the implementation of new standards. “Delivering clear guidance is essential to the PCAOB’s efforts to drive further improvement in audit quality,” PCAOB Chair Demetrios Logothetis said in a news release. “This staff-led consultation process is…
Solana pushed back to $145 this week; its first return to that level since mid-December. The move confirms renewed strength across large-cap altcoins as market sentiment improves in early 2026. Still, while SOL’s price recovery is drawing headlines, a different conversation is taking place beneath the surface. Traders are once again comparing mature Layer-1 rallies…
UBS played a significant role in triggering investor withdrawals from a flagship Blue Owl private credit fund after advising some wealth management clients to reduce their exposure to the asset class, according to a report by the Financial Times. Investors began redeeming substantial amounts from the $3bn Blue Owl Technology Income (OTIC) fund during the…
The Securities and Exchange Commission’s Office of Municipal Securities today announced it has updated its Registration of Municipal Advisors FAQs webpage to offer more clarity on municipal advisor registration and recordkeeping requirements. The update offers more clarity to: Public-private partnership (P3) market participants that are considering whether their activities require registration as a municipal advisor;…
Iran’s president and central bank chief told Supreme Leader Ayatollah Mojtaba Khamenei the economy was on the ropes due to the U.S. naval blockade, according to a report. As the regime weighed whether to sign the memorandum of understanding to reopen the Strait of Hormuz and extend the ceasefire, officials were split among pragmatists favoring…
The IRS issued final regulations (T.D. 10051) Wednesday designating certain arrangements purporting to be charitable remainder annuity trusts (CRATs) as listed transactions, requiring disclosure by material advisers and certain participants in the transactions. Listed transactions are transactions the IRS has identified as potential tax-avoidance arrangements and are subject to heightened reporting requirements. CRATs are irrevocable…
Dive Brief: Cursor, an artificial intelligence coding platform that has agreed to be acquired by Space Exploration Technololgies, is launching a new CFO council to tackle growing return-on-invesment questions around AI as corporate spending on the technology soars, according to a Monday announcement. The effort is aimed at bringing together finance executives to work on…