Glenn Frank alleges that the leaders of his firm told him he would “be removed from his clients’ service teams” immediately if he didn’t take a subordinate role to younger advisors, according to the suit.
The global market was roiled over the weekend following Friday’s lackluster US jobs report and the biggest crash of Japanese equities in over a decade.
VC firm Canvas Ventures led the latest funding round. CEO Ritik Malhotra says the firm will use the money to expand Savvy’s software suite and strengthen its product and development team.
Morgan Stanley is the first wirehouse to let advisors actively solicit investments in spot bitcoin ETFs to certain clients, approving products from BlackRock and Fidelity.
It’s unclear how many Wall Street staff below the C-suite level made it to the Games.
Gentile was found guilty of five counts, including securities fraud, wire fraud and conspiracy. He faces up to 20 years in prison.
Interval funds are being pitched to registered investment advisors as an easy-to-sell entry into direct lending.