InvestmentNews

CI Financial has entered into an agreement to be acquired by Mubadala Capital for approximately $12.1 billion, with CI shareholders set to receive a 33% premium on the last closing price. The deal ensures continued leadership under CEO Kurt MacAlpine and supports CI’s growth strategy, including its US expansion under the Corient brand. https://hubs.la/Q02ZlHfX0

Marc Rowan, CEO of Apollo Global Management, is a leading contender for US Treasury secretary—a move that would bring leadership change to Apollo after his transformative tenure. Under Rowan, Apollo evolved into a $733 billion lending giant and a pioneer in private markets. https://hubs.la/Q02Zc7r60

AssetMark partners with Tifin Sage to integrate AI into its wealth management platform! This move aims to streamline portfolio customization & enhance advisor support with cutting-edge technology. https://hubs.la/Q02Zc7d60

#InTheNasdaq: Why is multifamily real estate a smart addition to your portfolio now? Virtú Investments CEO Mike Green breaks down the market dynamics and opportunities in this asset class with InvestmentNews anchor Gregg Greenberg. https://hubs.la/Q02YM3640

The active ETF boom continues to gain momentum as Fidelity and Vanguard unveil new products to meet growing investor demand. https://hubs.la/Q02ZckhZ0

Steward Partners expands its Northeast presence with the addition of Mainstay Wealth Management, a $850M advisory team from Ameriprise. This marks its fourth deal of the year, strengthening its Legacy Division for wealth management succession planning. https://hubs.la/Q02Zc6Mb0

LPL Financial updates its advisor production bonus targets for the first time in a decade, raising thresholds for 2025. Independent advisors face new benchmarks amid LPL's continued platform investment. https://hubs.la/Q02ZcnmN0

Former broker Henry Duval, barred in 2020 for unauthorized withdrawals, faces new charges for allegedly taking $73,000 from a 79-year-old former client. Elder abuse in the financial industry remains a critical concern. https://hubs.la/Q02Zc7kB0

#InTheNasdaq: As the AI boom reshapes industries, will mega-cap tech continue to dominate in 2025? Marta Norton, CFA, chief investment strategist at Empower, joins InvestmentNews anchor Gregg Greenberg to discuss her outlook for large-cap stocks, the economy, and the Fed’s moves in the year ahead. Explore her insights on what investors should watch out for in 2025. https://hubs.la/Q02Zc6M40

Should advisors cater to the next generation of wealth inheritors or focus on their core clients? Michael Kitces offers a bold take: stick with retirees. But others argue that engaging millennials is key to sustaining practices. https://hubs.la/Q02Zc4mt0