Industry

The deal values the combined entity, Binah Capital Group, at $208 million. It starts trading under the ticker BCG.

Caprock’s acquisition of Grey Street Capital brings the UHNW multifamily office to more than $11 billion AUA.

The tactic can help investors with concentrated positions, but historically, it has only been available to HNW investors.

Taxpayers may encounter a host of surprises when they file income taxes this year — and next.

Buyer beware.

Also, Brooke Juniper is the new CEO of TIFIN’s CIO platform Sage, and FusionIQ has appointed John Phillips as a senior strategic advisor.

FINRA argued Osaic Wealth (formerly Royal Alliance) and Securities America didn’t have proper cyber controls in place at branch offices, resulting in dozens of breaches over several years.

Carson Group also announces two additions, Realta Wealth names a new CFO and Savant adds to its board.

The Swiss bank has a better wealth management franchise outside the U.S., according to a JPMorgan analyst.