Forbes Names Top Female Financial Advisors

NEW YORK – Forbes and SHOOK Research have compiled the first-ever list of America’s Top Women Wealth Advisors. The list features 200 women advisors from brokerage firms, including Morgan Stanley, Merrill Lynch, UBS, Wells Fargo and several independent firms who represent over $8 trillion in retail assets under management. No. 1 on the list is …

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Related Invests $80 Million in Ladder

NEW YORK — Related Companies has made a strategic investment in real estate investment trust Ladder Capital Corp (NYSE:LADR). Related has purchased $80 million of Ladder stock from certain pre-IPO shareholders of Ladder, including affiliates of TowerBrook Capital Partners and GI Partners. Ladder provides commercial mortgages in amounts ranging from $5 million to $250 million. …

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Hedge Funds Buying Financial, Health Care Stocks

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The 50 largest hedge funds are pouring their funds into financial and health care stocks according to research from Factset. Overall, hedge funds decreased their equity exposure by 1% in the fourth quarter of 2016 . This marked a reversal from the third quarter, when equity exposure increased by 2.9%. The Financial and Health Care sectors were the …

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E-Trade to Offer More Commission-Free Funds

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NEW YORK — E*TRADE Financial has announced a significant expansion of its commission-free Exchange Traded Funds (ETF) and No Transaction Fee (NTF) mutual fund lineup: E*TRADE now offers a total of 133 commission-free ETFs and more than 4,400 NTF mutual funds. Since January 3, 2017, E*TRADE has added 1,900 no-load or load waived, no-transaction-fee mutual …

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Nyca Partners Closes $125 Million Venture Fund

NEW YORK — Nyca Partners, which was launched in 2014 by Hans Morris, a long-time Citigroup banker and former President of Visa, has closed its latest venture capital fund with more than $125 million in funding commitments. Nyca closed its $30 million first fund in July 2014. Over the past 30 months, Morris along with Ravi Mohan, David Sica, and Jeff Reitman, …

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OnDeck Obtains $200 Million Line From Credit Suisse

NEW YORK — OnDeck (NYSE: ONDK), a NY-based online lender for small business, has closed a $200 million asset-backed revolving debt facility with Credit Suisse. In addition to its other funding sources, OnDeck may now obtain funding under the new credit facility with Credit Suisse, by accessing $125 million of committed capacity and an additional $75 million of capacity available …

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Merrill Lynch Partners With Modo Payments

NEW YORK — Bank of America Merrill Lynch, a global leader in transaction services, and ModoPayments, LLC (Modo), a company that lets users make digital payments, have announced a strategic relationship that will give the bank access to Modo’s patented COIN Operated Digital Payments Hub. Through the hub, Bank of America Merrill Lynch clients will …

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American Express Reports $1.1 Billion Profit

American Express reported its third-quarter earnings and reported net income of $1.1 billion, down 10% from a year ago. Total net revenues were $7.8 billion for the quarter, down 5% from last year. “Strong operating discipline and credit quality helped to keep us ahead of the 2016 financial outlook that we first provided at the …

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Alan Greenspan Joins Advisors Capital

RIDGEWOOD, NJ  — Advisors Capital Management, LLC (ACM), a NJ investment manager, announced that Dr. Alan Greenspan has joined ACM as Economic Advisor. The former Federal Reserve Chairman will work closely with senior members of the firm and participate in the firm’s investment committee by providing economic analysis to support the firm’s top-down approach to selecting sectors in …

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